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ASCENDAS REAL ESTATE INVESTMENT TRUST 184
NOTESTOTHE FINANCIAL STATEMENTS
Year ended 31 March 2014
29 SIGNIFICANT RELATED PARTY TRANSACTIONS (continued)
Group Trust
2014 2013 2014 2013
$’000 $’000 $’000 $’000
Acquisition fee paid/payable to the Manager 1,223 1,260 1,223 1,260
Acquisition of properties from related parties of the Manager – 126,000 – 126,000
Car park income received/receivable from ASPL (297) (1,187) (297) (1,187)
Car park management fee paid/payable to ASPL 4,001 2,652 4,001 2,652
Development management fee paid/payable to the Manager 336 1,110 336 1,110
Divestment fee paid to the Manager 350 – 350 –
Incentive payment received/receivable from a related party
of the Manager (1,098) (935) (1,098) (935)
Land premium paid to a related party of the Manager – 4,100 – 4,100
Lease rental, utilities income, car park income and deposits
received/receivable from :
- the Manager (436) (117) (391) (117)
- a related party of the Manager (2,722) (832) (2,722) (832)
Lease rental and deposits received/receivable from ASPL (47) – (47) –
Lease service fees paid/payable to the Manager 13,001 4,152 12,055 4,152
Management fee paid/payable to the Manager 35,594 33,246 35,594 33,246
Performance fee paid/payable to the Manager – 6,959 – 6,959
Property service fees, service charge and reimbursements paid/payable
to :
- ASPL 18,839 23,026 18,839 23,026
- related parties of the Manager 4,069 4,384 3,895 4,215
Recovery of expenses paid on behalf of the Manager (826) (8) (826) (8)
Reimbursements paid/payable to the Manager 20 12 20 12
Rental of meeting rooms, compensation of loss of rental and recovery
of expenses paid on behalf of related parties of the Manager (294) (247) (294) (247)