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Net Asset Split

Investa Office Fund is a stapled security consisting of units in both Prime Credit Property Trust (“PCP”) and Armstrong Jones Office Fund (“AJO”). The sale (or acquisition) of units in IOF represents the sale (or acquisition) of separate interests in each of the two entities. 

For capital gains tax purposes, the acquisition costs and disposal proceeds need to be apportioned to each of the two entities, using a reasonable basis of apportionment.

One possible method of apportionment is on the basis of the relative net assets (excluding minority interest) of the individual entities comprising IOF, which are set out below.

FY2018
30 June 2018 IOF PCP AJO
Net asset % split 100% 54.3% 45.7%


 
FY2017
30 June 2017 IOF PCP AJO
Net asset % split 100% 54.6% 45.4%


 
FY2016
30 June 2016 IOF PCP AJO
Net asset % split 100% 55.4% 44.6%

 
FY2015
30 June 2015 IOF PCP AJO
Net asset % split 100% 58.3% 41.7%

 
FY2014
30 June 2014 IOF PCP AJO
Net asset % split 100% 58.35% 41.65%

 
FY2013
30 June 2013 IOF PCP AJO
Net asset % split 100% 55.89% 44.11%

 
FY2012
30 June 2012 IOF PCP AJO
Net assets ($m) 1926.8 1073.7 853.1
Minority interest ($m) 0.0 0.0 0.0
  1926.8 1073.7 853.1
Net asset % split   55.72% 44.28%

 
FY2011
30 June 2011 IOF PCP AJO
Net assets ($m) 2016.8 1093.7 923.1
Minority interest ($m) 23.6 23.6 0.0
  1993.2 1070.1 932.1
Net asset % split   53.7% 46.3%

 
FY2010
30 June 2010 IOF PCP AJO
Net assets ($m) 2046.4 1092.6 953.8
  2026.2 1072.4 953.8
Minority interest ($m) 20.2 20.2 0.0
Net asset % split   52.9% 47.1%

 
FY2009
30 June 2009 IOF PCP AJO
Net assets ($m) 1810.4 950.4 860
Minority interest ($m) 18.7 18.7 0.0
  1791.7 931.7 860
Net asset % split   52.0% 48.0%

 
FY2008
30 June 2008 IOF PCP AJO
Net assets ($m) 2314.7 1284.8 1029.9
Minority interest ($m) 27.1 27.1 0.0
  2287.6 1257.7 1029.9
Net asset % split   55.0% 45.0%

 
FY2007
30 June 2007 IOF PCP AJO
Net assets ($m) 2136 1251.4 884.6
Minority interest ($m) 26.6 26.6 0.0
  2109.4 1224.8 884.6
Net asset % split   58.1% 41.9%

 
FY2006
30 June 2006 IOF PCP AJO
Net assets ($m) 1528.8 936.6 592.2
Minority interest ($m) 29.5 29.5 0.0
  1499.3 907.1 592.2
Net asset % split   60.5% 39.5%

 
FY2005
30 June 2005 IOF PCP AJO
Net assets ($m) 1227.9 744.6 483.3
Minority interest ($m) 52.2 52.2 0.0
  1175.6 692.3 483.3
Net asset % split   58.9% 41.1%

 
FY2004
30 June 2004 IOF PCP AJO
Net assets ($m) 1013.3 578.3 435.0
Minority interest ($m) 0.0 0.0 0.0
  1013.3 578.3 435.0
Net asset % split   57.1% 42.9%

 
FY2003
30 June 2003 IOF PCP AJO
Net assets ($m) 912.9 512.8 400.0
Minority interest ($m) 0.0 0.0 0.0
  912.9 512.8 400.0
Net asset % split   56.2% 43.8%

 
FY2002
30 June 2002 IOF PCP AJO
Net assets ($m) 867.4 494.9 372.5
Minority interest ($m) 0.0 0.0 0.0
  867.4 494.9 372.5
Net asset % split   57.1% 42.9%

 
FY2001
30 June 2001 IOF PCP AJO
Net assets ($m) 871.9 498.3 373.7
Minority interest ($m) 0.0 0.0 0.0
  871.9 498.3 373.7
Net asset % split   57.1% 42.9%

 
FY2000
30 June 2000 IOF PCP AJO
Net assets ($m) 816.3 472.4 343.9
Minority interest ($m) 0.0 0.0 0.0
  816.3 472.4 343.9
Net asset % split   57.9% 42.1%

 

1 January 2000 IOF PCP AJO
per statement in accounts
Net asset % split   62.75% 37.25%