158
16 NET ASSET VALUE PER UNIT/STAPLED SECURITY
HBT Group
H-REIT Group
Stapled Group
2015
2014
2015
2014
2015
2014
$’000
$’000
$’000
$’000
$’000
$’000
Net asset value per
Unit/Stapled Security
is based on net assets
(1,309)
528 1,574,673 1,618,845 1,573,364 1,616,127
Note
’000
’000
’000
’000
’000
’000
Total issued and issuable
Units/Stapled Securities
at 31 December
11 989,154 982,232 989,154 982,232 989,154 982,232
17 GROSS REVENUE
HBT Group
H-REIT Group
Stapled Group
2015
2014
2015
2014
2015
2014
$’000
$’000
$’000
$’000
$’000
$’000
Fixed rent
–
–
67,524
66,577
67,524
66,577
Variable rent
–
–
79,685
85,053
68,876
78,682
Room revenue
26,621
13,532
–
–
26,621
13,532
Food and beverage revenue
5,594
4,762
–
–
5,594
4,762
Other revenue
3,795
3,259
–
–
3,795
3,259
36,010
21,553 147,209 151,630 172,410 166,812
Variable rent for the H-REIT Group includes rental income from the HBT Group.
Revenue of the HBT Group comprises revenue from hotel and resort operations which represents revenue from letting
of rooms, food and beverages sales and revenue from other hotel and resort-related services.
Under the terms of the master lease agreements for the properties, the H-REIT Group is generally entitled to a fixed
rent component and/or a variable rent component computed based on a certain percentage of the revenue and/or
gross operating profit. The initial period of the leases ranges from 10 years to 20 years, with or without options for
renewal for a period ranging from 5 years to 50 years.
NOTES TO THE FINANCIAL STATEMENTS
