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PORTFOLIO STATEMENTS
REPORTS
As at 31 December 2016
H-REIT Group
Description of property
Tenure of
land
Term of
lease
Remaining
term of
lease
Location
Existing
use
Carrying
value at
31/12/2016
Carrying
value at
31/12/2015
Percentage
of total net
assets at
31/12/2016
Percentage
of total net
assets at
31/12/2015
$’000
$’000
%
%
Balance brought forward
1,861,832 1,853,525
119.7
117.7
Australia
Mercure Brisbane and
Ibis Brisbane
Freehold
–
–
85 – 87
North Quay,
Brisbane and
27 – 35 Turbot
Street, Brisbane
Hotel
64,815
63,534
4.2
4.0
Novotel Brisbane
Freehold
–
–
200 Creek
Street, Brisbane
Hotel
71,087
69,795
4.6
4.4
Ibis Perth
Freehold
–
–
334 Murray
Street, Perth
Hotel
33,453
32,845
2.1
2.1
Mercure Perth
Freehold
–
–
10 Irwin
Street, Perth
Hotel
48,088
46,906
3.1
3.0
Maldives
Angsana Velavaru
Leasehold 50 years
from 26
August
1997
31 years South Nilandhe
Atoll
Resort
95,733
110,059
6.2
7.0
Jumeirah
Dhevanafushi
Leasehold 50 years
from 15
June 2006
39 years
Gaafu Alifu
Atoll
Resort
71,800
80,427
4.6
5.1
Investment properties, at valuation
2,246,808 2,257,091
144.5
143.3
Property, plant and equipment
Japan
Hotel MyStays
Asakusabashi
Freehold
–
–
1-5-5
Asakusabashi,
Taito-ku, Tokyo,
Japan
Hotel
39,087
37,763
2.5
2.4
Hotel MyStays Kamata
Freehold
–
–
5-46-5 Kamata,
Ota-ku, Tokyo,
Japan
Hotel
31,964
30,905
2.0
2.0
Other plant and
equipment
–
–
–
–
–
896
530
0.1
0.0
Property, plant and equipment, at cost less accumulated
depreciation and impairment losses
71,947
69,198
4.6
4.4
Other assets and liabilities (net)
(764,290)
(751,616)
(49.1)
(47.7)
Net assets of the H-REIT Group
1,554,465 1,574,673
100.00
100.00
The accompanying notes form an integral part of these financial statements.
125
Annual Report 2016