Investor Presentaiton
CPN
CPNREIT Accounting Impact
Projected impact to P&L in 2018
CPNREIT +
Unit: ‘000 Baht
Investment Income
Shopping Malls and Office Buildings
Rental and service income
Other income
Total income-Shopping Malls and Office Buildings
CPNRF CPNREIT
new assets
3,922,605 3,922,605
208,384
4,130,989
208,384
4,130,989
4,563,765
238,385
4,802,150
217,436
Hotel
Fixed rental income
3
Variable rental income
77.096
Total income-Hotel
294,532
Total gross income
Interest income
4,130,989
6,753
Total income
4,137,742
4,130,989
5,961
4,136,950
5,096,682
7,553
5,104,235
Fund/REIT expenses
Property management expenses
(234,843)
(234,843)
(263.088)
Fund/REIT management fees and administrative expenses
(48,890)
(142,329)
(181,952)
4
Property management fee
(381,812) (380,591)
(461,860)
Amortization of issuance and offering costs
(20)
(93)
Finance cost
(103,204)
(78,239)
(415,115)
Total expenses
(768,749)
(836,022)
Net investment income before adjustments
3,368,993
3,300,928
(1,322,107)
3,782,127
Add: Excess liquidity from amortization of issuance and
offering costs
20
Less: Non-cash rental and service income
Net cash available for distribution/distribution of benefit
3,368,993
3,300,948
93
(7,436)
3,774,784
Projected distribution/distribution of benefits (%)
Number of investment units/trust units (Millions of Units)
Projected distribution/distribution of benefits
Distribution/distribution of benefits per unit (THB)
90.1
2,212
98.7
2,212
98.2
2,212
3,035,355
1.3719
3,259,638
1.4733
3,705,844
1.6750
Prepared by CPN Investor Relations
Appendices
Page 31View entire presentation