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GROUP FINANCIAL REVIEW
TOTAL INCOME
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of total income, including charter income, fee income, hotel
income and investment returns are explained below.
(I) CHARTER INCOME
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under the Group’s ship owning subsidiary, Uni-Asia Shipping
Limited contributed to charter income. The delivery of 2
newvessels in February 2015andMarch2015 increased the
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Limited to 8 as at 31 December 2015, thereby increasing
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acquired in April 2015 by the Group also contributed to the
increase in charter income. The increase is in line with the
Group’s strategy to build up recurring charter income.
(II) FEE INCOME
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Asset management and administration fee remained fairly
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(III) HOTEL INCOME
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in visitors to Japan. This pushed up occupancy and daily
room rates across most hotels in Japan. The Group’s hotels
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against US Dollars, the Group’s hotel income in US Dollars
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(IV) INVESTMENT RETURNS
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losses from shipping portfolio due to the depressed
shipping market. On the property segment, the Group
disposed of some of its investments from its hotel and
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realised gain on investment in hotel and residential while
reversing fair value adjustments previously recognised
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Selected Data
)<
86 o
)<
86 o
Change
Charter Income
30,465
19,396
Fee income
7,796
6,729
Hotel income
33,345
34,971
Investment returns
3,961
4,672
Interest and other income
1,485
1,366
Total income
77,052
67,134
Total operating expenses
(68,145)
(61,522)
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8,907
5,612
3URƭW EHIRUH WD[
3,900
3,249
Income tax expense
(380)
(1,141)
3URƭW IRU WKH \HDU
3,520
2,108
1. GROUP FINANCIAL PERFORMANCE
