Profit & Loss Statement
Unit in Million Baht
Q1 16/17 Q1 17/18
Rental and Service Income 1 742 746
Media Income 1 0 0
Total Investment Income 1 742 746
Interest Income  3 4
Property Operating Expense 2 (91) (88)
Fund Expense 3 (88) (87)
Amortisation of Deferred Expenses  - -
Financial Expenses (19) (19)
Net Investment Income 4 547 556
Income Distributable to Unitholders 5 509 498
Distributable Income per Unit (Baht per Unit)  0.2176 0.2129
Note: Reported in million THB as of 31 May 2017
  1. Per Management Accounts
  2. Includes operating expenses, sales promotion, appraisal fee, property tax, annual inspection fee, and insurance expenses
  3. Includes management, trustee, registrar and property management fees, professional fee, ground lease payments and other expenses.
  4. Excludes unrealized gain/loss from investment valuation
  5. Total distributable after adjusting for non-cash revenue recognition according to IAS17
  6. Dividend payout ratio Q1 17/18 90% compare with Q1 16/17 93%
Balance Sheet
Unit in Million Baht
  As of 31 May 2017
Investments 29,992
Cash & Cash Equivalents 475
Other Assets 490
Total Assets 30,957
Borrowing 2,591
Accounts Payable 38
Rental Income Received in Advance 107
Deposits Received from Customers 304
Accrued Expenses 275
Withholding tax payable 1
Total Liabilities 3,316
Net Assets Value 27,641
Units In Issue (‘000 units) 2,337,283
Net Asset Value (NAV) (Baht per unit)  11.8261
Note: Reported in million THB as of 31 May 2017
Distribution Summary
Unit in Million Baht
Q1 17/18
Net investment income4 556
Distributable income  
Via Dividend 498
Via Capital Reduction 1, 2 -
Total distributable income 498
Actual Distribution  
Via Dividend 498
Baht per unit 0.2129
Via Capital Reduction1, 2 -
Baht per unit -
Total Distribution 498
Baht per unit 0.2129
% of Dividend / Net Investment Income 90%
Annualized Distribution Yield3 5.03%
Note: Reported in million THB as of 31 May 2017
  1. SEC regulation stipulates non-cash expenses to be distributed only via capital reduction, not dividend.
  2. Total distributable after adjusting for non-cash revenue recognition according to IAS17.
  3. Based on closing price of THB 16.3 as of 31 May 17
  4. Net Investment Income exclude unrealized gain/loss from investment valuation.