RC4: Nature of Entity's Business – Above Green

Intent

The entity’s primary business activities during the reporting year is useful for distinguishing infrastructure funds. The information can be used to develop further insights and potentially for peer grouping.

Requirements

Select the option applicable to the reporting entity.

What is the entity's core business?

Management of standing investment/operating assets
Development of new construction and major renovation projects

Terminology

Major Renovations: Alterations that affect more than 50 percent of the total asset or cause relocation of more than 50 percent of regular building occupants. Major renovation projects refer to assets that were under construction at any time during the reporting year.

New Construction: Includes all activities to obtain or change building or land use permissions and financing. Includes construction work for the project with the intention of enhancing the assets' value. Development of new facilities and additions to existing facilities can be treated as new constructions. New construction projects refer to facilities that were under construction at any time during the reporting year.

Standing Investments: Assets where construction work has been completed and which are owned for the purpose of providing a service in exchange of an income. Also known as an operating asset.