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CapitaLand Limited
Annual Report 2015
Performance Overview
CapitaLand Group achieved a profit af ter tax and
non-controlling interests (PATMI) of S$1.1 billion for the
full year ended 2015 (FY 2015), underpinned by the
recurring income from its portfolio of investment properties
and contribution from development projects in China.
This is 8.2% lower than FY 2014 PATMI of S$1.2 billion
which was boosted by a one-off gain of S$123.5 million from
the sale of Westgate Tower. The Group’s operating PATMI
grew 16.8% to S$823.6 million primarily due to the higher
recurring income from the shopping mall and serviced
residence businesses as well as the gains on change in use
of development properties for sale to investment properties.
Revenue
The Group’s revenue increased 21.3% to S$4.8 billion in
FY 2015, driven mainly by our development projects in China
as well as higher contribution from the serviced residence
business, partially offset by the absence of contribution from
the sale of Westgate Tower and lower revenue recognition
from our Vietnam development projects. The higher revenue
from China was attributable to higher number of residential
units handed over to buyers and consolidation of CapitaLand
Township’s revenue with effect fromMarch 2015, as well as fair
value gains arising from change in use of The Paragon (Tower
5 and 6) and Ascott Heng Shan, both located in Shanghai.
Geographically, the Group’s core markets of Singapore
and China contributed about S$3.9 billion or 81.8% of
the Group’s revenue. In terms of revenue contribution
by business t ype, the Group’s trading proper ties
in Singapore, China and V ietnam accounted for
S$2.7 billion or 56.3% of the total revenue, driven by
higher handover from development projects in China as
mentioned above, while the rental and related income
from the investment properties portfolio accounted for
S$1.5 billion or 30.5% of the total revenue.
%
CapitaLand Singapore
25.8
CapitaLand China
42.8
CapitaLand Mall Asia
13.9
The Ascott Limited
15.6
Corporate and Others
1.9
2015 Revenue by Strategic Business Unit
S$4.8 billion
%
CapitaLand Singapore
31.6
CapitaLand China
16.2
CapitaLand Mall Asia
30.0
The Ascott Limited
17.4
Corporate and Others
4.8
2014 Revenue by Strategic Business Unit
S$3.9 billion
%
Trading of properties
56.3
Rental and related income 17.1
Serviced residence rental
and related income
13.4
Fee income
8.7
Others
4.5
2015 Revenue by Business Type
S$4.8 billion
%
Singapore
32.7
China (including Hong Kong) 49.1
Other Asia (excluding
Singapore and China)
10.2
Europe and Others
8.0
2015 Revenue by Geographical Location
S$4.8 billion
