119
Annual Report 2015
H-REIT GROUP
Description of
Property
Tenure of
Land
Term of
Lease
Remaining
Term of
Lease
Location
Existing
use
Carrying
value at
31/12/2015
Carrying
value at
31/12/2014
Percentage
of Total Net
Assets at
31/12/2015
Percentage
of Total Net
Assets at
31/12/2014
$’000
$’000
%
%
Balance brought forward
2,257,091 2,288,455
143.3
141.4
Investment properties, at valuation
2,257,091 2,288,455
143.3
141.4
Property, plant and equipment
Japan
Hotel MyStays
Asakusabashi
Freehold
–
–
1-5-5
Asakusabashi,
Taito-ku, Tokyo,
Japan
Hotel
37,763
36,251
2.4
2.2
Hotel MyStays
Kamata
Freehold
–
–
5-46-5 Kamata,
Ota-ku, Tokyo,
Japan
Hotel
30,905
29,437
2.0
1.8
Others
–
–
–
–
–
530
346
0.0
0.0
Property, plant and equipment, at net book value
69,198
66,034
4.4
4.0
Other assets and liabilities (net)
(751,616)
(735,644)
(47.7)
(45.4)
Net assets of the H-REIT Group
1,574,673 1,618,845
100.00
100.00
PORTFOLIO STATEMENTS
The accompanying notes form an integral part of these financial statements.
As at 31 December 2015
