Noted that capitaland reported a net loss of 1.6 bil in AY2020 and generated $770mil in operating PATMI. Just wondering what the formula for operating PATMI is, and how is this figure derived?
The operating profit of Capitaland is $179.8m while the net loss is $1.6b. The operating profit is derived from the total revenue minus total operating expense. For Capitaland, their operating profit include fair value gain/loss of investment properties.
In Capitaland case, the low in operating profit was due to net fair value loss from investment properties (Page 242 of annual report). The figure is a paper loss which does not affect their cash flow.
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