Investor Presentaiton
Statement of Profit or Loss (Year-on-Year)
mapletree
industrial
YTD FY23/24
(S$'000)
YTD FY22/23
↑/(↓)
(S$'000)
Gross revenue
518,632
513,766
0.9%
Property operating expenses
(129,373)
(124,731)
3.7%
Net property income
Borrowing costs
389,259
389,035
0.1%
(78,869)
(69,777)
13.0%
Trust expenses
(48,515)
(49,415)
(1.8%)
Gain on divestment of investment properties1
3,759
Share of joint venture's results
28,140
28,759
(2.2%)
Profit for the year before tax
290,015
302,361
(4.1%)
Income tax expense
(7,195)
(9,413)
(23.6%)
Profit for the year
282,820
292,948
(3.5%)
Profit attributable to perpetual securities holders
7,120
7,120
Profit attributable to non-controlling interest
31
Profit attributable to Unitholders
Net non-tax chargeable items²
Distribution declared by joint venture
Amount available for distribution to Unitholders
Distribution to Unitholders
275,669
285,828
(3.6%)
(17,899)
(37,333)
(52.1%)
21,740
20,998
3.5%
279,5105,6
269,493
3.7%
283,0363,4,5,6
277,0033,4
2.2%
10.073,4,5,6
10.243,4
(1.7%)
Distribution per Unit (cents)
* Not meaningful
1
2
Gain on divestment of investment properties arose from the divestments of 19 Changi South Street 1 and 19675 West Ten Mile Road, Southfield.
Non-tax chargeable items and other adjustments include share of joint venture's results, adjustments for rental incentives, income tax expense, management fees paid/payable in units, trustee's fees,
financing related costs and other adjustments.
3
Includes the distribution of net divestment gain of S$15.7 million from 26A Ayer Rajah Crescent over eight quarters from 2QFY21/22 to 1QFY23/24.
4
5
Includes the distribution of tax-exempt income of S$6.6 million withheld in 4QFY19/20 over three quarters from 3QFY22/23 to 1QFY23/24.
Includes the distribution of compensation received for compulsory acquisition of part of the land at 2 and 4 Loyang Lane of S$2.1 million, which was withheld in 3QFY21/22, over two quarters
from 2QFY23/24 to 3QFY23/24. Please refer to the Financial Statement and Distribution Announcement for the period from 1 Oct 2021 to 31 Dec 2021.
6
Includes the distribution of net divestment gain of S$4.2 million from 65 Tech Park Crescent over two quarters from 2QFY23/24 to 3QFY23/24. 65 Tech Park Crescent was divested on 20 Jul 2017.
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