Future Park Leasehold Property Fund

TH

Financial Highlight

Total Income

Net Investment Income

Unit : Baht Million

1Q2022 1Q2021 % Change (YoY) 4Q2021 % Change (QoQ)
Rental and Service Income* 173.13 149.09 16% 289.97 (40%)
Interest Income and Other Income 1.21 0.27 347% 0.60 102%
Total Investment Income 174.33 149.36 17% 287.57 (39%)
Property Operating Expenses 7.58 3.91 94% 9.84 (23%)
Property Management Fee 19.90 17.51 14% 18.06 10%
Fund-related expenses 3.61 3.71 (3%) 3.24 11%
Finance costs** 61.59 58.73 5% 60.86 1%
Total Expenses 92.67 83.86 11% 92.00 1%
Net Investment Income 81.66 65.50 25% 195.57 (58%)
Net Gains (Loss) from Investments 109.25 (186.58) 159% 117.50 (7%)
Net Increase (decrease) in Net Assets from Operations 190.91 (121.08) 258% 313.07 (39%)

Remark: *The fund has applied TFRS16 “Lease” which indicate that the Fund have to gradually recognize rental and service income and rental discount throughout the remaining lease terms by straight line method. This resulted the accounting record of rental and service income and net investment income lower than an actual amount of 11.11 MB. Thus, the rental and service income and net investment income for this period would be 184.24 MB and 92.77 MB respectively.

** The finance cost was recognized due to the fund has adopted financial reporting standards TFRS16 relating to lease liability which the fund have to gradually recognize its from 1 January 2020 onwards. It was an accounting expense recognition and was not an actual cash outflow during the Y2020 - Y2026.