Page 145 - Annual Report Design 2017

MANAGEMENT DISCUSSION & ANALYSIS
PERFORMANCE OF IMPACT GROWTH REIT
ENDED MARCH 2017
ENDED MARCH 2016
Occupancy Rate
Service income (million baht) Total income (million baht) Net Profit (million baht) Gross Profit margin
Net Profit margin
Earning per unit (baht) Distribution per unit (baht)
46% 1,902.50 1,911.78 998.66 86.92% 52.24% 0.67 0.660
54% 2,114.40 2,126.02 1,192.39 86.24% 56.09% 0.80 0.765
ANALYSIS OF PREVIOUS PERFORMANCE
1. OVERALL PERFORMANCE OF IMPACT GROWTH REIT
IMPACT Growth REIT generated investment income during April 2016 – March 2017 totaling 1,911.78 million baht classified into services income of 1,920.50 million baht, interest income of 1.23 million baht, and other incomes of 8.06 million baht. The Trust had a total expense of 919.60 million baht categorized into cost of service of 248.87 million baht, administration expenses of 190.46 million baht, REIT manager fee of 86.41 million baht, property management fee of 166.12 million baht, other fees of 3.19 million baht, and financial cost of 159.60 million baht. The Trust earned net investment incomes of 992.19 million baht, net realized gain from investment in security of 4.29 million baht, and unrealized gain from investment of 2.18 million baht. Therefore, the increase of the Trust’s net operating asset amounted to 998.66 million baht.
As of 31st March 2017, the Trust’s assets stood at 20,417.96 million baht and liabilities totaled 4,447.31 million baht. Therefore, the Trust’s net assets amounted to 16,024.66 million baht, or net asset value per unit of 10.8092 baht.
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