Page 147 - ar2013

Appendix
Management Reports 145
Interested
Person Transactions
The transactions entered into with interested persons during the financial year, which fall under the Listing Manual and
the CIS Code, are as follows:
Name of Interested Persons
Aggregate value of all Interested
person transactions during the
financial period under review
(excluding transactions of
less than S$100,000 each)
S$’000
CapitaLand Limited and its subsidiaries or associates
– Management fees 1 8,405
– Property management fees & reimbursables 8,116
– Acquisition fees related to acquisition of CapitaMall Grand Canyon 3,562
Trustee’s fees 297
1 For the purposes of Rule 907 of the Listing Manual of the SGX-ST, in arriving at this figure, the market price of the units (being the closing price of the units
traded on the SGX-ST on the relevant date of issue of the units) issued to the Manager for its management fees, was used to determine the amount of the
aggregate asset management fees paid to the Manager for the period from 1 January 2013 to 31 December 2013.
Saved as disclosed above, there were no additional Interested Person Transactions (excluding transactions of less than
S$100,000 each) entered into during the financial period under review.
The fees and charges payable by CRCT to the Manager under the Trust Deed, and to the Property Managers under the
Property Management Agreements (collectively, the “Exempted Agreements”), each of which constitutes a Interested
Person Transaction, are deemed to have been specifically approved by the Unitholder upon purchase of the Units
and are therefore not subject to Rules 905 and 906 of the Listing Manual to the extent that there is no subsequent
change to the rates and/or bases of the fees charged thereunder which will affect CRCT. However, the renewal of such
agreements will be subject to Rules 905 and 906 of the Listing Manual.
Please also see Related Party Transactions on note 22 in the financial statements.
SUBSCRIPTION OF CRCT UNITS
An aggregate of 2,669,258 Units were issued in relation to the performance component of the Manager’s management
fee paid during the year. As at 31 December 2013, 803,813,060 Units were in issue and outstanding. In the first quarter of
2014, 786,472 Units will be issued to the Manager as part payment of the performance component of its management
fee for the fourth quarter of 2013.