Notes to the
Financial Statements
For the year ended 31 December 2015
1.
GENERAL
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The principal activity of IREIT is investment holding whereas its subsidiaries (together with IREIT referred to as the
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potential for sustainable long-term growth in distribution and appreciation in investment value, while maintaining
an appropriate capital structure for IREIT.
The consolidated financial statements of the Group and the statement of financial position of IREIT as at
31 December 2015, and the statements of distribution and changes in net assets attributable to Unitholders of IREIT
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The Group has entered into several service agreements in relation to the management of IREIT and its property
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(a)
Manager’s fees
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Base fee
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2016.
The portion of the Base Fee, payable either in the form of cash or units, is payable quarterly in arrears. Where
the Base Fee is payable in units, the units will be issued based on the volume weighted average price for a
unit for all trades transacted on SGX-ST in the ordinary course of trading for a period of 10 Business Days (as
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IREIT Global
ANNUAL REPORT 2015
61
