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CDL Hospitality Trusts 68
Statements of Financial Position
As at 31 December 2011
The accompanying notes form an integral part of these fnancial statements.
HBT H-REIT Group Stapled Group
2011 2010 2011 2010 2011 2010
Note $’000 $’000 $’000 $’000 $’000 $’000
Non-current assets
Investment properties 4 – – 2,029,847 1,787,098 2,029,847 1,787,098
Subsidiaries 5 – – – – – –
Rental deposits – – 76 76 76 76
– – 2,029,923 1,787,174 2,029,923 1,787,174
Current assets
Trade and other receivables 6 – – 18,036 14,972 18,036 14,972
Cash and cash equivalents 7 381 384 70,112 67,376 70,493 67,760
381 384 88,148 82,348 88,529 82,732
Total assets 381 384 2,118,071 1,869,522 2,118,452 1,869,906
Non-current liabilities
Loans and borrowings 9 – – 534,765 381,118 534,765 381,118
Rental deposits – – 6,472 4,703 6,472 4,703
Deferred tax liabilities 10 – – 6,001 2,042 6,001 2,042
– – 547,238 387,863 547,238 387,863
Current liabilities
Trade and other payables 11 1 1 22,736 20,609 22,737 20,610
Provision for taxation – – 816 1,195 816 1,195
1 1 23,552 21,804 23,553 21,805
Total liabilities 1 1 570,790 409,667 570,791 409,668
Net assets 380 383 1,547,281 1,459,855 1,547,661 1,460,238
Represented by:
Unitholders’ funds
Unitholders’ funds of H-REIT Group – – 1,547,281 1,459,855 1,547,281 1,459,855
Unitholders’ funds of HBT 380 383 – – 380 383
380 383 1,547,281 1,459,855 1,547,661 1,460,238
Units/Stapled Securities
in issue (’000) 8 963,254 957,719 963,254 957,719 963,254 957,719
Net asset value per unit/
Stapled Security ($) 12 0.0004 0.0004 1.60 1.52 1.60 1.52