FRASERS HOSPITALITY TRUST ANNUAL REPORT 2015
159
NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL PERIOD FROM 20 JUNE 2014 (DATE OF CONSTITUTION) TO 30 SEPTEMBER 2015
3.
MANAGEMENT FEES
FHT FH-REIT Group
FH-BT
20 Jun 2014 to
30 Sep 2015
20 Jun 2014 to
30 Sep 2015
20 Jun 2014 to
30 Sep 2015
$’000
$’000
$’000
(a)
REIT Manager’s management fees
– Base fees
5,403
5,403
–
– Performance fees
4,157
4,157
–
9,560
9,560
–
(b)
Other management fees
– MIT Manager’s base fees
876
876
–
– MIT Manager’s performance fees
998
998
–
– Kobe Asset Manager’s management fees
192
192
–
– ABS Servicer fees
161
161
–
2,227
2,227
–
During the financial period, REIT Manager and MIT Manager fees were paid or payable in Stapled Securities. An
aggregate of 13,773,000 units were issued or are issuable to the Managers as satisfaction of the management
fees incurred during the financial year.
4.
TRUSTEES’ FEES
FHT FH-REIT Group
FH-BT
20 Jun 2014 to
30 Sep 2015
20 Jun 2014 to
30 Sep 2015
20 Jun 2014 to
30 Sep 2015
$’000
$’000
$’000
Trustees’ fees
– FH-REIT Trustee’s fees
298
298
–
– Other trustee fees
204
204
–
502
502
–
5.
ADMINISTRATIVE AND OTHER EXPENSES
FHT FH-REIT Group
FH-BT
20 Jun 2014 to
30 Sep 2015
20 Jun 2014 to
30 Sep 2015
20 Jun 2014 to
30 Sep 2015
$’000
$’000
$’000
Goodwill on acquisition of subsidiaries written-off
4,296
4,296
–
Audit fees paid to auditor of the Trust
269
268
1
Audit fees paid to other auditors
77
77
–
Non-audit fees paid to auditor of the Trust
20
20
–
Non-audit fees paid to other auditors
296
296
–
Other Trust expenses
2,359
2,358
1
7,317
7,315
2
The goodwill had arose from the acquisition of the entities that hold ANA Crowne Plaza Kobe. The goodwill was
written-off as its carrying value was in excess of the recoverable value (Note 11(a)).
Professional fees of SGD 882,000 and SGD 85,000 were paid to FHT auditors for services performed for the
purposes of the Initial Public Offering and Private Placement respectively. The fees have been capitalised as part
of issue costs (Note 20).
