236
PERENNIAL REAL ESTATE HOLDINGS LIMITED
Annual Report 2015
NOTES TO THE FINANCIAL STATEMENTS
21 REVENUE
Group
Period from
1/7/2014 to Year ended
31/12/2015
30/6/2014
$’000
$’000
Property rental and related income
102,735
–
Fee income from real estate management services
18,197
–
Acquisition fee
11,700
–
Entertainment business income
6,797
19,316
139,429
19,316
22 OTHER INCOME
Group
Period from
1/7/2014 to Year ended
31/12/2015
30/6/2014
$’000
$’000
Fair value gain on revaluation of investment properties
90,870
–
Amounts drawn down under the earn-out deeds
7,270
–
Foreign currency exchange gain (net)
6,416
–
Others
8,057
3,235
112,613
3,235
During the period, the Group received $7.3 million in pursuant of earn-out deeds entered by a subsidiary of the Group as
the net property income of properties held by a joint venture of the Group fell below a certain pre-determined amount.
The earn-out deed expired on 31 December 2014.
