121
Annual Report 2015
STAPLED 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
2,176,664 2,206,423
138.3
136.6
Investment properties, at valuation
2,176,664 2,206,423
138.3
136.6
Property, plant and equipment and prepaid land lease
Maldives
Jumeirah
Dhevanafushi
Leasehold 50 years from
15 June 2006
40 years Gaafu Alifu Atoll Resort
80,427
78,733
5.1
4.9
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
United Kingdom
Hilton Cambridge
City Centre
(formerly known as
Cambridge City
Hotel)
Leasehold 125 years from
25 December 1990
100 years Downing Street,
Cambridge
Hotel
128,636
–
8.2
–
Others
–
–
–
–
–
530
346
0.0
0.0
Property, plant and equipment and prepaid land lease, at net book value
278,261 144,767
17.7
8.9
Other assets and liabilities (net)
(881,561)
(735,063)
(56.0)
(45.5)
Net assets of the Stapled Group
1,573,364 1,616,127
100.0
100.0
PORTFOLIO STATEMENTS
The accompanying notes form an integral part of these financial statements.
As at 31 December 2015
