144
CDL
HOSPITALITY TRUSTS
24 EARNINGS PER STAPLED SECURITY
Basic earnings per Stapled Security is based on:
Stapled Group
2014
2013
$’000
$’000
Total return for the year
122,456 140,272
Number of
Stapled Securities
’000
’000
Weighted average number of Stapled Securities:
- outstanding during the year
978,067 972,044
- to be issued as payment of H-REIT Manager’s
management fees payable in Stapled Securities
4
4
- to be issued as payment of H-REIT Manager’s acquisition
fees payable in Stapled Securities
13
–
978,084 972,048
Diluted earnings per Stapled Security is the same as the basic earnings per Stapled Security as there are no dilutive
instruments in issue during the year.
25 OPERATING SEGMENTS
The HBT Group has two reportable segments, as described below. The BOD of the HBT Trustee Manager reviews
internal management reports on a monthly basis. The following summary describes the operations in the reportable
segments:
• Maldives Resort - the 1 Maldives property that are being leased and operated as a resort
• Japan Hotels - the 2 Japan properties that are being leased and operated as hotels
No segment information is presented for HBT in 2013 as it was only activated as a master lessee on 31 December
2013.
The H-REIT Group and the Stapled Group have five reportable segments, as described below. The reportable
segments operate in five countries and are managed separately because of the differences in operating and
regulatory environment. For each of the reportable segments, the BOD of the H-REIT Manager reviews internal
management reports on a monthly basis. The following summary describes the operations in each of the reportable
segments:
• Singapore Hotels - the 6 Singapore investment properties (except for Claymore Connect) that are being
leased and operated as hotels
• New Zealand Hotel - the New Zealand investment property that is being leased and operated as a hotel
• Australia Hotels - the 5 Australia investment properties that are being leased and operated as hotels
• Maldives Resorts - the 2 Maldives properties that are being leased and operated as resorts
• Japan Hotels - the 2 Japan properties that are being leased and operated as hotels
NOTES TO THE FINANCIAL STATEMENTS
