Description of
leasehold
property
Location
Term of
lease
(years)
Lease
expiry
Valuation
Valuation
Percentage
of
Unitholders’
funds
2014
2013
2014
2013 2014 2013
RMB’000 RMB’000
$’000
$’000
% %
Balance brought
forward
10,361,911 9,802,074 2,195.689 2,006,712 162.7 169.1
CapitaMall
Wuhu
No. 37 Zhongshan
North Road,
Jinghu District,
Wuhu,
Anhui Province
40 May 2044 260,000 251,000
55,094
51,382 4.1 4.3
Investment properties, at valuation
10,621,911 10,053,074 2,250,783 2,058,094 166.8 173.4
Other assets and liabilities (net)
(872,967)
(844,229) (64.7) (71.1)
1,377,816 1,213,865 102.1 102.3
Net assets attributable to non-
controlling interests
(28,078)
(26,914)
(2.1)
(2.3)
Net assets attributable to Unitholders
1,349,738 1,186,951 100.0 100.0
Notes:
1 The carrying amount of CapitaMall Minzhongleyuan includes the valuation of the retail mall and carrying amount of the three
residential units.
2 CapitaMall Qibao is held under a master lease by CapitaRetail Dragon Mall (Shanghai) Co., Ltd, a subsidiary of CapitaRetail
China Investments (B) Alpha Pte. Ltd. The master lease was entered with Shanghai Jin Qiu (Group) Co., Ltd (“Jin Qiu”), the
legal owner of CapitaMall Qibao and expires in January 2024, with the right to renew for a further term of 19 years and two
months from January 2024 at the option of the Group. Accordingly, the land use rights is held by Jin Qiu.
The accompanying notes form an integral part of these financial statements.
Portfolio Statement
As at 31 December 2014
86 | CapitaRetail China Trust Annual Report 2014
