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104
EC World Real Estate Investment Trust ANNUAL REPORT 2016
NOTES TO THE
Financial Statements
For the Financial Year ended 31 December 2016
19. Deferred income tax (continued)
Deferred tax assets
Accelerated
tax
depreciation
Total
S$’000
S$’000
Group
2016
Beginning of the year
(2,000)
(2,000)
Tax charged for the year
1,399
1,399
Currency translation differences
109
109
End of the year
(492)
(492)
2015
Beginning of the period
–
–
Acquisition of subsidary
(2,833)
(2,833)
Tax charged for the period
822
822
Currency translation differences
11
11
End of the period
(2,000)
(2,000)
20. Government grant
Group
2016
2015
S$’000
S$’000
Government grant
702
769
21. Units in issue
Group and ECW
2016
2015
No. of units
No. of units
’000
S$’000
’000
S$’000
Units in issue
Beginning of the year/period
–*
–*
–*
–
Sub-division of existing units (Note a)
673,995
–
–
–
Issue of units:
– Placement at listing (Note b)
777,512
629,785
–
–
– Manager’s base fees paid in units
(Note c)
1,004
772
–
–
Redemption of existing units (Note b)
(673,995)
(545,936)
–
–
Issue expenses
–
(12,324)
–
–
Distribution to Unitholders
–
(7,715)
–
–
End of the year/period
778,516
64,582
–*
–*
*: Amounts to S$1 or 1 unit