Perennial China Retail Trust

[Boon]

I post this on Forterra thread, it would be interesting to see what is the ratio for PREH's China portfolio - this would have great implications on NAV or NTA .
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Interesting figures/ratios :

All 3 entities are China pure-play property counters, but the ratio of (DFL / Capital Value of properties) seems to vary a great deal among them – What are the potential explanations and implications?

SGD million
( Deferred Tax Liability / Capital Value of Properties Owned ) Ratio :
Forterra = 393.6 / 2,438 =16.1%
CRCT = 159.6 / 2,058 = 7.8%
PCRT = 41.6 / 1,501 = 2.8%

(not vested)

This is really DEEP for me. Mind explaining it in simple layman terms what this ratio means & it's implcation investment wise? Is a higher figure better or worse, why so? I'm sure there are a few others scratching thier head together with me

I goggled but still failed to understand.

The key word to google is "FRS 12 Singapore"

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