BUILDING LANDMARKS, CHARTING GROWTH
237
Annual Report 2015
NOTES TO THE FINANCIAL STATEMENTS
23 NET FINANCE COSTS
Group
Period from
1/7/2014 to Year ended
31/12/2015
30/6/2014
$’000
$’000
Interest income on loan to an associate
2,109
–
Interest income on junior bonds from an associate
3,111
–
Interest income on bank deposits
468
5
Finance income
5,688
5
Interest expense on financial liabilities measured at amortised cost
90,299
84
Less borrowing costs capitalised in:
– investment properties
(8,537)
–
– properties under development
(7,621)
–
Finance cost
74,141
84
Net finance costs recognised in profit or loss
68,453
79
24 PROFIT/(LOSS) FOR THE PERIOD/YEAR
The following items have been included in arriving at profit/(loss) for the period/year:
Group
Period from
1/7/2014 to Year ended
31/12/2015
30/6/2014
$’000
$’000
Audit fees paid/payable to:
– auditors of the Company
623
152
Non-audit fees paid/payable to:
– auditors of the Company
#
958
37
– other auditors
121
19
Operating lease expense
595
–
Direct operating expenses arising from rental of investment properties
40,157
–
Depreciation and amortisation expense
4,412
1,957
Employee benefits expense (see below)
22,482
7,005
Employee benefits expense
Salaries, bonuses and other costs
20,027
5,888
Contribution to defined contribution plans
722
1,117
Equity-settled share-based payment transactions
1,733
–
22,482
7,005
#
Includes non-audit fees of $757,000 paid to KPMG LLP as reporting accountants for the initial acquisition before they were appointed as the
Company’s auditors.
