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
34 Operating segments (continued)
Information regarding the Group’s reportable segments is presented in the tables below.
Operating segments
Property income and expenses
Business &
Science Park
Properties
Integrated
Development,
Amenities &
Retail Properties
Hi–Specifications
Industrial
Properties & Data
Centres
Light Industrial
Properties &
Flatted Faciories
Logistics &
Distribution
Centres
Total
2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014
(restated)
$’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000
Group
Gross rental income 209,301 186,886 28,593 14,989 147,970 135,300 92,445 90,521 117,836 118,296 596,145 545,992
Other income
38,308 32,595 1,107
1 25,045 23,967 3,709 3,339 9,173 7,698 77,342 67,600
Gross revenue
247,609 219,481 29,700 14,990 173,015 159,267 96,154 93,860 127,009 125,994 673,487 613,592
Property operating
expenses
(83,773) (75,889) (9,260) (1,770) (53,749) (45,761) (25,918) (22,985) (38,060) (31,214) (210,760) (177,619)
Segment net
property income 163,836 143,592 20,440 13,220 119,266 113,506 70,236 70,875 88,949 94,780 462,727 435,973
Gain on disposal
of investment
properties
–
–
–
–
–
– 2,023 4,852
– 7,205 2,023 12,057
Unallocated finance
income
8,273 30,459
Unallocated finance
costs
(113,651) (66,398)
Unallocated
net expenses
(91,419) (49,690)
Net income
267,953 362,401
Unallocated net
change in fair
value of financial
derivatives
89,363 11,574
Net appreciation/
(depreciation)
on revaluation
of investment
properties
19,722 34,170 45,311 (263)
3,644 65,651 16,654 15,873 (38,299) 15,682 47,032 131,113
Total return for the
year before tax
404,348 505,088
Tax expense
(6,228) (23,244)
–
– (295)
–
–
–
–
– (6,523) (23,244)
Unallocated tax
expense
(220)
–
Total return
for the year
397,605 481,844
ASCENDAS REAL ESTATE INVESTMENT TRUST ANNUAL REPORT 2014/15
