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)
Geographical segments
In presenting information on the basis of geographical segments, segment revenue is based on the geographical location
of tenants. Segment assets are based on the geographical location of the assets. Information regarding the Group’s
geographical segments is presented in the tables below.
Singapore
China
Total
2015
2014
2015
2014
2015
2014
$’000
$’000
$’000
$’000
$’000
$’000
(Restated)
(Restated)
(Restated)
Group
External revenue
649,854 605,692
23,633
7,900 673,487 613,592
Non–current assets
(1)
7,558,932 6,651,722 312,364 271,662 7,871,296 6,923,384
(1)
Exclude financial assets.
35 Subsequent events
There were the following events subsequent to the reporting date:
•
On 7 April 2015, the Group completed the divestment of the property located at 26 Senoko Way for $24.8 million
(Note 4). The financial effect of this transaction is expected to be insignificant to the Group.
•
On 28 April 2015, the Trust issued 424,870 new units at an issue price of $2.6361 per unit as payment for acquisition
fee to the Manager in relation to the acquisition of The Kendall. The issue price was determined based on the volume
weighted average traded price for all trades done on SGX-ST in the ordinary course of trading for 10 business days
immediately preceding the date of issue of the new units.
•
On 30 April 2015, the Group obtained a 50-year land lease in Jiashan, PRC, to develop a single-storey logistics facility
with an expected completion date in the first quarter of 2016. The consideration for the land was approximately $6
million, of which $3 million was paid as a deposit before the reporting date.
•
On 28 May 2015, the Trustee entered into an agreement and granted a purchase option to a third party to purchase
the remaining leasehold interest in 50 Changi South Street 1, BBR Building, for $13.9 million. The sale is subject to
the approval by the relevant authority and is expected to be completed by June 2015. The estimated gain on disposal
(excluding disposal costs) is $4.6 million.
ASCENDAS REAL ESTATE INVESTMENT TRUST ANNUAL REPORT 2014/15
