In RMB terms, FY 2014 gross revenue for the portfolio was RMB987.6 million, an increase of 24.2%
over FY 2013. The was mainly due to the new contribution of RMB138.1 million from CapitaMall Grand
Canyon, which was acquired on 30 December 2013. The remaining increase of RMB54.4 million was
contributed by other malls due to higher rental growth and higher tenants’ sales, except for
CapitaMall Wuhu where tenancy adjustment is currently being carried out. Gross revenue in SGD
terms for FY 2014 increased by $43.2 million, 27.0% over FY 2013.
Gross Revenue By Property
FY 2014
1
S$’000
FY 2013
2
S$’000
%
Change
FY 2014
1
RMB’000
FY 2013
2
RMB’000
%
Change
Multi-Tenanted Malls
CapitaMall Xizhimen
53,978 48,596 11.1 262,259 241,352
8.7
CapitaMall Wangjing
41,100 36,871 11.5 199,691 183,118
9.1
CapitaMall Grand Canyon
28,430
–
N.M.
138,129
–
N.M.
CapitaMall Minzhongleyuan
3
5,150
4,578 12.5
25,020 22,738 10.0
CapitaMall Qibao
19,821 17,813 11.3
96,301 88,468
8.9
CapitaMall Saihan
11,456
9,962 15.0
55,663 49,474 12.5
CapitaMall Wuhu
6,802
7,043
(3.4)
33,049 34,978
(5.5)
166,737 124,863 33.5 810,112 620,128 30.6
Master-Leased Malls
CapitaMall Anzhen
16,794 16,262
3.3
81,596 80,766
1.0
CapitaMall Erqi
10,385 10,084
3.0
50,459 50,082
0.8
CapitaMall Shuangjing
9,346
8,866
5.4
45,407 44,033
3.1
36,525 35,212
3.7 177,462 174,881
1.5
Total
203,262 160,075 27.0 987,574 795,009 24.2
Gross Revenue Contribution By Property
FY 2014
1
(%)
FY 2013
2
(%)
Multi-Tenanted Malls
CapitaMall Xizhimen
26.6
30.4
CapitaMall Wangjing
20.2
23.0
CapitaMall Grand Canyon
14.0
–
CapitaMall Minzhongleyuan
3
2.5
2.9
CapitaMall Qibao
9.8
11.1
CapitaMall Saihan
5.6
6.2
CapitaMall Wuhu
3.3
4.4
Master-Leased Malls
CapitaMall Anzhen
8.3
10.2
CapitaMall Erqi
5.1
6.3
CapitaMall Shuangjing
4.6
5.5
1 The financial year from 1 January 2014 to 31 December 2014.
2 The financial year from 1 January 2013 to 31 December 2013.
3 CapitaMall Minzhongleyuan’s gross revenue was impacted by the road closure to facilitate the construction of a new subway
line.
N.M. – Not Meaningful
Financial Review
Delivering Performance | 53
