Rental income was $13.3 million including recoverable outgoings of $1.3M. Recoverable outgoings is likely costs such as utility bills which are passed on to the tennant.
The P&L on page 14 of the presentation cites Gross Rental Income at $11.9 million. It does not include recoverable outgoings.
With respect the P&L in the accounts includes a $53.4 million dollar write down on the value of the buildings and a bunch of other charges that would need to be adjusted for if you are going to use the $13.3 million number in the accounts.
I think it's fair to say that the Gross Income in the presentation is the underlying income on the properties. The question is will it change this year.
Ann: Ceasing to be a substantial holder from SOL, page-27
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