MEDIA RELEASE
Keppel Infrastructure Fund Management Pte Ltd (as Trustee-Manager of Keppel Infrastructure Trust) (Co Reg No: 200803959H)1 HarbourFront Avenue
#06-09 Keppel Bay Tower Singapore 098632
Tel: (65) 6499 0599
Fax: (65) 62651953
Website: www.kepinfratrust.com
KEPPEL INFRASTRUCTURE TRUST UNAUDITED RESULTS FOR THE FOURTH QUARTER AND FULL YEAR ENDED 31 DECEMBER 2016 23 January 2017The Directors of Keppel Infrastructure Fund Management Pte Ltd, as Trustee-Manager of
Keppel Infrastructure Trust, advise the following results of Keppel Infrastructure Trust for the fourth quarter and full year ended 31 December 2016.
These figures have not been audited.
FY 2016 RESULTS HIGHLIGHTS
Distribution per unit ("DPU") of 0.93 Singapore cents was declared for the quarter ended 31 December 2016, bringing total DPU to 3.72 Singapore cents for FY 2016.
Revenue and distributable cash flows(1) for FY 2016 were S$581.1 million and S$149.5 million respectively. Corresponding amounts for FY 2015 were S$427.9 million and S$90.7 million respectively. These were mainly due to:
12 months of results from KMC versus 6 months in FY 2015, as its acquisition was completed on 30 June 2015;
Crystal Assets contributed 12 months of results in FY 2016 versus 7.5 months in FY 2015, as its acquisition was completed on 18 May 2015;
The other assets of the Group reported 12 months of results in FY 2016 versus 9 months in FY 2015, due to the change in financial year end last year.
Net asset value per unit as at 31 December 2016 decreased to 32.5 Singapore cents from 35.3 Singapore cents as at 31 December 2015 primarily attributable to the marked-to-market movement of derivative instruments and distributions to Unitholders.
Gearing(2) as at 31 December 2016 was 37% compared to 35% as at 31 December 2015 as the Trust drew down loans to repay one of its subsidiaries and to fund the Senoko boiler upgrade.
(1) Excluding Basslink, consistent with previous results announcements
(2) Defined as net debt over total assets
Keppel Infrastructure Trust is a business trust constituted by a trust deed dated 05 January 2007 under the laws of Singapore. Business Trust Registration Number 2007001
For more information, please contact:Media
Mr Brian Higgs Assistant Manager
Group Corporate Communications Keppel Corporation Limited
Tel: (65) 6413 6426 / 9652 3761
Email: brian.higgs@kepcorp.com
Investor Relations
Ms Grace Chia
Assistant General Manager
Investor Relations & Communications Keppel Capital
Tel: (65) 6433 7622 / 9694 1328
Email: grace.chia@kepcapital.com
This media release is also available at www.kepcorp.com , www.kepcapital.com and
www.kepinfratrust.com.
KEPPEL INFRASTRUCTURE TRUST
FULL YEAR 2016 FINANCIAL STATEMENTS AND DISTRIBUTION ANNOUNCEMENT TABLE OF CONTENTSParagraph
Description
Page
INTRODUCTION
1
1(a)
INCOME STATEMENT AND STATEMENT OF OTHER COMPREHENSIVE INCOME
2-3
1(b)(i)
STATEMENTS OF FINANCIAL POSITION
4
1(b)(ii)
AGGREGATE AMOUNT OF BORROWINGS AND DEBT SECURITIES
5
1(c)
CONSOLIDATED STATEMENT OF CASH FLOWS
6-7
1(d)(i)
STATEMENTS OF CHANGES IN UNITHOLDERS' FUNDS
8-10
1(d)(ii)
DETAILS OF ANY CHANGE IN THE UNITS
11
1(d)(iii)
TOTAL NUMBER OF ISSUED UNITS EXCLUDING TREASURY UNITS AS AT THE END OF THE CURRENT FINANCIAL PERIOD, AND AS AT THE END OF THE IMMEDIATELY PRECEDING YEAR
11
1(d)(iv)
STATEMENT OF ALL SALES, TRANSFERS, DISPOSAL, CANCELLATION AND/OR USE OF TREASURY UNITS AS AT THE END OF THE CURRENT FINANCIAL PERIOD REPORTED ON
11
2
AUDIT
11
3
AUDITORS' REPORT
11
4
ACCOUNTING POLICIES
11
5
CHANGES IN THE ACCOUNTING POLICIES
11
6
EARNINGS PER UNIT
12
7
NET ASSET VALUE PER UNIT
12
8
REVIEW OF PERFORMANCE
12-14
9
VARIANCE FROM FORECAST STATEMENT
14
10
PROSPECTS
15
11
DISTRIBUTIONS
16
12
SEGMENT ANALYSIS
17-19
13
REVIEW OF SEGMENT PERFORMANCE
19
14
BREAKDOWN OF REVENUE
19
15
BREAKDOWN OF TOTAL ANNUAL DISTRIBUTION
19
16
INTERESTED PERSON TRANSACTIONS
20
-
REPORT OF PERSONS OCCUPYING MANAGERIAL POSITIONS WHO ARE RELATED TO A DIRECTOR, CEO OR SUBSTANTIAL SHAREHOLDER
21
-
CONFIRMATION THAT THE ISSUER HAS PROCURED UNDERTAKINGS FROM ALL OF ITS DIRECTORS AND EXECUTIVE OFFICERS (IN THE FORMAT SET OUT IN APPENDIX 7.7) UNDER RULE 720 (1)
21
Keppel Corporation Ltd. published this content on 23 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 23 January 2017 10:15:05 UTC.
Original documenthttp://www.kepcorp.com/en/download.ashx?id=11064
Public permalinkhttp://www.publicnow.com/view/809BBFE3DEA13350B0554D543889D197482827CA