Mapletree North Asia Commercial Trust
OTC:MTGCF
Income Statement
Earnings Waterfall
Mapletree North Asia Commercial Trust
Revenue
|
426.7m
SGD
|
Cost of Revenue
|
-129.5m
SGD
|
Gross Profit
|
297.2m
SGD
|
Operating Expenses
|
-2.9m
SGD
|
Operating Income
|
294.3m
SGD
|
Other Expenses
|
-272.4m
SGD
|
Net Income
|
21.8m
SGD
|
Income Statement
Mapletree North Asia Commercial Trust
Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Sep-2020 | Mar-2021 | Sep-2021 | Mar-2022 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||
Revenue |
268
N/A
|
273
+2%
|
277
+2%
|
285
+3%
|
281
-1%
|
293
+4%
|
310
+6%
|
325
+5%
|
337
+4%
|
346
+3%
|
344
0%
|
344
0%
|
351
+2%
|
355
+1%
|
360
+1%
|
360
+0%
|
355
-1%
|
361
+2%
|
377
+5%
|
394
+5%
|
409
+4%
|
419
+3%
|
420
+0%
|
382
-9%
|
354
-7%
|
334
-6%
|
391
+17%
|
417
+6%
|
427
+2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||
Cost of Revenue |
(74)
|
(74)
|
(74)
|
(77)
|
(74)
|
(77)
|
(81)
|
(83)
|
(85)
|
(87)
|
(86)
|
(85)
|
(87)
|
(88)
|
(90)
|
(91)
|
(91)
|
(92)
|
(97)
|
(102)
|
(106)
|
(109)
|
(109)
|
(103)
|
(101)
|
(108)
|
(122)
|
(127)
|
(129)
|
|
Gross Profit |
194
N/A
|
199
+2%
|
203
+2%
|
208
+3%
|
207
-1%
|
216
+5%
|
230
+6%
|
242
+5%
|
252
+4%
|
259
+3%
|
258
0%
|
258
+0%
|
264
+2%
|
267
+1%
|
270
+1%
|
269
0%
|
265
-2%
|
269
+2%
|
280
+4%
|
292
+4%
|
302
+3%
|
310
+2%
|
311
+0%
|
279
-10%
|
253
-9%
|
226
-11%
|
270
+19%
|
289
+7%
|
297
+3%
|
|
Operating Income | ||||||||||||||||||||||||||||||
Operating Expenses |
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
|
Selling, General & Administrative |
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
|
Operating Income |
192
N/A
|
197
+3%
|
201
+2%
|
206
+3%
|
204
-1%
|
214
+5%
|
227
+6%
|
240
+5%
|
250
+4%
|
257
+3%
|
256
0%
|
257
+0%
|
263
+2%
|
266
+1%
|
268
+1%
|
268
0%
|
263
-2%
|
267
+2%
|
279
+4%
|
291
+4%
|
301
+3%
|
308
+2%
|
309
+0%
|
277
-11%
|
251
-9%
|
224
-11%
|
267
+19%
|
287
+7%
|
294
+3%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||
Interest Income Expense |
225
|
227
|
233
|
224
|
149
|
179
|
172
|
170
|
216
|
178
|
179
|
176
|
150
|
151
|
151
|
155
|
355
|
356
|
351
|
349
|
395
|
391
|
394
|
398
|
(90)
|
(391)
|
(542)
|
(234)
|
(253)
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
37
|
46
|
10
|
12
|
|
Pre-Tax Income |
417
N/A
|
423
+1%
|
433
+2%
|
430
-1%
|
353
-18%
|
393
+11%
|
399
+2%
|
410
+3%
|
466
+14%
|
435
-7%
|
435
+0%
|
433
-1%
|
413
-5%
|
416
+1%
|
420
+1%
|
422
+1%
|
618
+47%
|
624
+1%
|
630
+1%
|
640
+2%
|
696
+9%
|
700
+1%
|
703
+1%
|
674
-4%
|
162
-76%
|
(130)
N/A
|
(228)
-75%
|
63
N/A
|
54
-15%
|
|
Net Income | ||||||||||||||||||||||||||||||
Tax Provision |
(30)
|
(31)
|
(32)
|
(32)
|
(34)
|
(34)
|
(35)
|
(35)
|
(38)
|
(39)
|
(39)
|
(40)
|
(40)
|
(41)
|
(42)
|
(42)
|
(44)
|
(45)
|
(47)
|
(48)
|
(61)
|
(63)
|
(63)
|
(58)
|
(37)
|
(34)
|
(36)
|
(38)
|
(32)
|
|
Income from Continuing Operations |
387
|
392
|
402
|
398
|
319
|
359
|
364
|
375
|
428
|
396
|
396
|
393
|
373
|
375
|
378
|
380
|
574
|
579
|
584
|
592
|
634
|
637
|
640
|
616
|
124
|
(164)
|
(265)
|
25
|
22
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
|
Net Income (Common) |
387
N/A
|
392
+1%
|
402
+2%
|
398
-1%
|
319
-20%
|
359
+12%
|
364
+2%
|
375
+3%
|
428
+14%
|
396
-8%
|
396
0%
|
393
-1%
|
373
-5%
|
375
+1%
|
378
+1%
|
380
+1%
|
574
+51%
|
578
+1%
|
583
+1%
|
591
+1%
|
634
+7%
|
636
+0%
|
639
+0%
|
616
-4%
|
124
-80%
|
(166)
N/A
|
(266)
-61%
|
24
N/A
|
22
-8%
|
|
EPS (Diluted) |
0.14
N/A
|
0.15
+7%
|
0.15
N/A
|
0.15
N/A
|
0.12
-20%
|
0.13
+8%
|
0.13
N/A
|
0.14
+8%
|
0.16
+14%
|
0.14
-13%
|
0.14
N/A
|
0.14
N/A
|
0.13
-7%
|
0.13
N/A
|
0.13
N/A
|
0.13
N/A
|
0.2
+54%
|
0.19
-5%
|
0.19
N/A
|
0.19
N/A
|
0.2
+5%
|
0.2
N/A
|
0.2
N/A
|
0.19
-5%
|
0.04
-79%
|
-0.05
N/A
|
-0.08
-60%
|
0.01
N/A
|
0.01
N/A
|