Westfield Group (ASX:WDC) allocation of interest expense
23 March 2006
In response to market queries regarding the allocation of interest expense by Business Segment for modelling purposes, additional information is attached in respect of the annual amortisation amounts of the fixed interest rate mark to market benefit recognised at the time of the Westfield Group Merger (July 2004).
This information should be read in conjunction with the following Slides from the 2005 Westfield Group Annual Results Presentation, released to the ASX on Monday 20 February 2006:
Slide 32 – Segment Definitions
Slide 45 – Interest Rate Hedging Profile
Annual amortisation amounts of the fixed interest rate mark to market benefit recognised at the time of the Westfield Group Merger (July 2004).
|Year ending||US$ fixed rate loans and swaps||A$ and NZ$ fixed interest rate loans and swaps|
|31 December 2007||US$57.6||(A$8.1)|
|31 December 2008||US$44.7||(A$10.4)|
|31 December 2009||US$35.3||(A$9.0)|
|31 December 2010||US$18.7||(A$9.1)|
|31 December 2011||US$9.8||(A$6.6)|