Notes to the financial statements
Year ended 31 March 2016
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 Factories
Logistics &
Distribution
Centres
Total
2016
2015
2016
2015
2016
2015
2016
2015
2016
2015
2016
2015
$’000
$’000
$’000
$’000
$’000
$’000
$’000
$’000
$’000
$’000
$’000
$’000
Group
Gross rental income
234,358
209,301
54,438
28,593
153,822
147,970
89,783
92,445
149,452
117,836
681,853
596,145
Other income
38,834
38,308
3,543
1,107
22,967
25,045
3,675
3,709
10,116
9,173
79,135
77,342
Gross revenue
273,192
247,609
57,981
29,700
176,789
173,015
93,458
96,154
159,568
127,009
760,988
673,487
Property operating
expenses
(88,385)
(83,773)
(13,889)
(9,260)
(53,882)
(53,749)
(26,486)
(25,918)
(44,645)
(38,060)
(227,287)
(210,760)
Segment net
property income
184,807
163,836
44,092
20,440
122,907
119,266
66,972
70,236
114,923
88,949
533,701
462,727
Gain on disposal
of investment properties
–
–
–
–
–
–
–
2,023
–
–
–
2,023
Unallocated finance income
16,150
8,273
Unallocated finance costs
(93,603)
(113,651)
Unallocated net expenses
(83,433)
(91,419)
Net income
372,815
267,953
Unallocated net change
in fair value of financial
derivatives
(1,236)
89,363
Net appreciation/
(depreciation) on
revaluation of investment
properties
63,409
19,722
39,733
45,311
21,692
3,644
(4,174)
16,654
(123,009)
(38,299)
(2,349)
47,032
Share of joint venture’s result
43
–
Total return for the year
before tax
369,273
404,348
Tax expense
(16,424)
(6,228)
(5,841)
–
–
(295)
–
–
(979)
–
(23,244)
(6,523)
Unallocated tax expense
(1,896)
(220)
Total return for the year
344,133
397,605
.214
A-REIT ANNUAL REPORT
2015/2016
