107
ANNUAL REPORT 2014
PORTFOLIO STATEMENTS
As at 31 December 2014
STAPLED 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
2,206,423 2,161,693
136.6
135.5
Investment properties, at valuation
2,206,423 2,161,693
136.6
135.5
Property, plant and equipment
Maldives
Jumeirah
Leasehold 50 years from
41 years Gaafu Alifu Atoll
Resort
72,226
71,490
4.5
4.5
Dhevanafushi
15 June 2006
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
138,260
71,490
8.5
4.5
Other assets and liabilities (net)
(728,556)
(637,801)
(45.1)
(40.0)
Net assets of The Stapled Group
1,616,127 1,595,382
100.0
100.0
** Collectively known as the Japan Hotels.
The accompanying notes form an integral part of these financial statements.
