Notes to the financial statements
Year ended 31 March 2016
20 Units in issue and to be issued (continued)
Each unit in the Trust represents an undivided interest in the Trust. The rights and interests of Unitholders are contained
in the Trust Deed and include the right to:
•
Receive income and other distributions attributable to the units held;
•
Participate in the termination of the Trust by receiving a share of all net cash proceeds derived from the realisation
of the assets of the Trust less any liabilities, in accordance with their proportionate interests in the Trust. However,
a Unitholder has no equitable or proprietary interest in the underlying assets of the Trust and is not entitled to
the transfer to it of any assets (or any part thereof) or of any estate or interest in any asset (or any part thereof)
of the Trust;
•
Attend all Unitholders’ meetings. The Trustee or the Manager may (and the Manager shall at the request in writing
of not less than 50 Unitholders or one-tenth in number of the issued units) at any time convene a meeting of
Unitholders in accordance with the provisions of the Trust Deed; and
•
One vote per unit at a Unitholders’ meeting.
The restrictions to a Unitholder include the following:
•
A Unitholder’s right is limited to the right to require due administration of the Trust in accordance with the
provisions of the Trust Deed; and
•
A Unitholder has no right to request for redemption of their units while the units are listed on SGX-ST.
21 Gross revenue
Group
2016
2015
$’000
$’000
Property rental income
681,853
596,145
Other income
79,135
77,342
760,988
673,487
Included in gross revenue of the Group are contingent rents amounting to $372,345 (2015: $218,000).
.190
A-REIT ANNUAL REPORT
2015/2016
