105
ANNUAL REPORT 2014
PORTFOLIO STATEMENTS
As at 31 December 2014
H-REIT GROUP
Percentage Percentage
Remaining
Carrying Carrying of total net of total net
Description of
Tenure of
Term
Term
Existing Value at
Value at
Assets at Assets at
Property
of Land
of Lease
of Lease
Location
use 31/12/2014 31/12/2013 31/12/2014 31/12/2013
$’000
$’000
%
%
Balance brought forward
2,288,455 2,238,770
141.4
140.4
Investment properties, at valuation
2,288,455 2,238,770
141.4
140.4
Property, plant and equipment
Japan
Hotel MyStays
Asakusabashi ** Freehold
–
–
1-5-5
Hotel
36,251
–
2.2
–
Asakusabashi,
Taito-ku,
Tokyo, Japan
Hotel MyStays
Freehold
–
–
5-46-5 Kamata,
Hotel
29,437
–
1.8
–
Kamata **
Ota-ku,
Tokyo, Japan
Others
–
–
–
–
–
346
–
0.0
–
Property, plant and equipment at cost
66,034
–
4.0
–
Other assets and liabilities (net)
(735,644)
(643,736)
(45.4)
(40.4)
Net assets of H-REIT Group
1,618,845 1,595,034
100.00
100.00
** collectively known as the Japan Hotels.
The accompanying notes form an integral part of these financial statements.
