IREIT Global
annual report 2014
For the reporting period from 1 November 2013 (date of constitution) to 31 December 2014
Notes to the
Financial Statements
24.
SIGNIFICANT RELATED PARTY TRANSACTIONS
For the purposes of these financial statements, parties are considered to be related to the Group if
the Group has the ability to directly or indirectly control the party or exercise significant influence
over the party in making financial and operating decisions, or vice versa, or the Group with the
Trustee, the Manager and substantial unitholders. Related parties may be individuals or other
entities.
In the normal course of the operations of the Group, asset management fees and Trustee’s fees
have been paid or are payable to the Manager and Trustee respectively.
During the period, other than the transactions disclosed elsewhere in the financial statements,
there were the following related party transactions:
Group and IREIT
Period from
1 November
2013 (date of
constitution) to
31 December
2014
EUR’000
DBS Trustee Limited
One-time inception fee paid
19
Trustee’s fee for the period from Listing Date on
13 August 2014 to 31 December 2014
24
IREIT Global Group Pte. Ltd.
Acquisition fee paid
2,879
Base fee for the period from Listing Date on
13 August 2014 to 31 December 2014
642
