Notes to the financial statements Year ended 31 December 2024 19. OTHER PROPERTY OPERATING EXPENSES Group Note 2024 2023 $’000 $’000 Utilities 11,462 11,182 Advertising and promotion 9,921 10,638 Maintenance 22,402 22,089 Staff costs 14,873 15,443 Depreciation of plant and equipment 5 659 953 Impairment losses on trade receivables, net 8 37 93 Amortisation of deferred expenditure included in other receivables 47 58 Plant and equipment written off 51 104 Others 1,828 2,104 61,280 62,664 Included in staff costs is contribution to defined contribution plans of $2.5 million (2023: $2.5 million). 20. MANAGER’S MANAGEMENT FEES Manager’s management fees comprise base fee of $10.9 million (31 December 2023: $11.9 million) and performance fee of $8.3 million (31 December 2023: $8.9 million). The Manager has elected to receive partial manager’s management fees in the form of Units. The performance component of the Manager’s management fee amounting to $8.3 million (31 December 2023: $8.9 million) and base fee amounting to $5.6 million (31 December 2023: $6.0 million) will be paid through the issue of 19,612,240 (31 December 2023: 16,010,485) new Units subsequent to the year end (the “Management Fee Units”). 21. OTHER OPERATING INCOME/(EXPENSES) Group 2024 2023 $’000 $’000 Professional fees (280) (551) Others(1) 396 297 116 (254) (1) Includes reversal of over provision of other operating expenses in 2024 and reversal of over provision of prior year equity fund raising related expenses in 2023. 142 CapitaLand China Trust
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