A P P E N D I X
Total
Return and
Distribution
FY
02/03
FY
03/04
FY
04/05
FY
05/06
FY
06/07
FY
07/08
FY
08/09
FY
09/10
FY
10/11
FY
11/12
(1)
FY
12/13
(1)
FY
13/14
(1,2)
FY
14/15
(1,2)
Gross revenue
(S$m)
22.8 65.9 129.0 227.2 283.0 322.3 396.5 413.7 447.6 503.3 575.8 613.6 673.5
Net property
income
(S$m)
16.5 50.3 96.1 173.6 210.3 243.5 296.6 320.0 339.4 368.3 408.8 436.0 462.7
Total amount
available for
distribution
(S$m)
15.2 45.5 84.2 142.6 163.8 187.3 210.9 234.9 248.0 281.7 305.6 342.0
351.1
Distribution
per Unit
(cents)
7.63
(3)
8.16 9.56 11.68 12.75 14.13 15.18 13.10 13.23 13.56 13.74 14.24
14.60
As at
31 March
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
(1)
2013
(1)
2014
(1,2)
2015
(1,2)
Number of
Properties
8
16 36 64 77 84 89 93 93 102 103
105 107
Total assets
(S$m)
636 1,021 2,112 2,808 3,307 4,205 4,548 4,854 5,420 6,564 6,959 7,358 8,160
Number of
Units in
issue (m)
545 707 1,161 1,277 1,322 1,326 1,684 1,871 1,874 2,085 2,399 2,403
2,406
Net asset
value per
Unit (S$)
(4)
0.91 0.98 1.23 1.34 1.49 1.84 1.61 1.57 1.76 1.88 1.94 2.02 2.08
Total gross
borrowings
(S$m)
(5)
125
264 556 970 1,185 1,562 1,591 1,522 1,900 2,401 1,971
2,208
2,735
Aggregate
leverage
(6)
19.6% 28.9% 30.2% 36.7% 37.3% 38.2% 35.5% 31.6% 35.2% 36.6% 28.3% 30.0% 33.5%
NOTES:
(1)
With effect from FY11/12, results include the consolidation of the Trust’s wholly owned subsidiaries.
(2)
The Group adopted FRS 110 Consolidated Financial Statements with effect from 1 April 2014 which results in the Group consolidating Ruby Assets Pte. Ltd. and
Emerald Assets Limited since 1Q FY14/15. FY13/14 figures have been restated on a similar basis for comparison.
(3)
Annualised based on actual distribution per Unit of 2.78 cents for the 133 days ended 31 March 2003.
(4)
Prior to distribution of distributable income.
(5)
Excludes fair value changes and amortised costs. Borrowings denominated in foreign currencies are translated at the prevailing exchange rates except for
JPY/HKD-denominated debt issues, which are translated at the cross-currency swap rates that A-REIT has committed to.
(6)
Includes total borrowings and deferred payments on acquisition of properties but excludes fair value adjustments of the collateral loan.
ASCENDAS REAL ESTATE INVESTMENT TRUST ANNUAL REPORT 2014/15
