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2.
SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
(m) Taxation (continued)
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Singapore holding companies, which are wholly owned by IREIT, have been granted an in-principle tax
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wholly-owned Dutch subsidiary companies (Dutch Subsidiaries). The tax exemption has been granted by the
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income from the Dutch Subsidiaries which are wholly owned by the Singapore holding companies. The tax
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(n)
Segment reporting
Segment information is reported in a manner consistent with the internal reporting provided to the
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the performance of the operating segments.
(o)
Distribution policy
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other property related income from its business of property letting after deducting allowance expenses
(“Distributable Income”).
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thereafter, IREIT will distribute at least 90% of the annual Distributable Income.
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Notes to the
Financial Statements
For the year ended 31 December 2015
IREIT Global
ANNUAL REPORT 2015
79
