N o t e s t o t h e f i n a n c i a l s t a t e m e n t s
Year ended 31 March 2015
2 Basis of preparation (continued)
(e) Changes in accounting policies (continued)
(iii)
Summary of quantitative impact (continued)
Statements of Total Return
As previously
reported
Subsidiaries
(Note 2(e)(i)) As restated
$’000
$’000
$’000
The Group
Year ended 31 March 2014
Gross revenue
613,592
–
613,592
Property operating expenses
(177,619)
–
(177,619)
Net property income
435,973
–
435,973
Management fee
(35,594)
–
(35,594)
Trust expenses
(5,171)
(17)
(5,188)
Finance income
30,445
14
30,459
Finance costs
(66,407)
9
(66,398)
Foreign exchange gain/(loss)
19,730
(28,638)
(8,908)
Gain on disposal of investment properties
12,057
–
12,057
Net income
391,033
(28,632)
362,401
Net change in fair value of financial derivatives
(16,934)
28,508
11,574
Net appreciation on revaluation of
investment properties
131,113
–
131,113
Total return for the year before tax
505,212
(124)
505,088
Tax expense
(23,244)
–
(23,244)
Total return for the year
481,968
(124)
481,844
Consolidated Statement of Cash Flows
As previously
reported
Subsidiaries
(Note 2(e)(i)) As restated
$’000
$’000
$’000
The Group
Year ended 31 March 2014
Net cash generated from/(used in) operating activities
407,035
(6,029)
401,006
Net cash (used in)/generated from investing activities
(134,943)
14
(134,929)
Net cash used in financing activities
(225,977)
(826)
(226,803)
Net increase/(decrease) in cash and cash equivalents
46,115
(6,841)
39,274
146 147
