NOTES TO THE FINANCIAL STATEMENTS
16 Trust expenses
Group
Trust
2014
2013
2014
2013
$’000
$’000
$’000
$’000
Trustee’s fees
364
359
364
359
Valuation fees
126
320
126
320
Professional fees
436
1,132
413
1,096
Other expenses
505
676
529
713
1,431
2,487
1,432
2,488
Included in the professional fees are audit fees paid/payable to the auditors of the Group amounting to
$186,000 (2013: $172,000) and non-audit fees paid/payable to the auditors of the Group amounting to
$110,000 (2013: $132,000). The non-audit fees comprise mainly tax compliance fees of $40,000 (2013:
$67,000) and tax advisory fees of $70,000 (2013 : $65,000).
17 Borrowing costs
Group and Trust
2014
2013
$’000
$’000
Borrowing costs paid and payable:
– bank loans
9,014
10,659
– financial derivatives
1,660
2,742
– fixed rate note
3,754
2,375
Amortisation of transaction costs relating to debt facilities
3,566
7,949
Total borrowing costs
17,994
23,725
Borrowing costs capitalised in investment properties under development
(367)
(57)
17,627
23,668
18 Gain on disposal of investment properties
The gain on disposal of investment properties represent the excess of proceeds from disposal over the carrying
value of properties disposed of during the financial year.
CAMBRIDGE INDUSTRIAL TRUST | A WINNING FORMULA
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