Page 81 - ar2012

annual report 2012
79
Statements of Movements in Unitholders’ Funds
Year ended 31 December 2011
Stapled
Unitholders’ funds of HBT Unitholders’ funds of H-REIT Group Group
Foreign
currency
Units in Accumulated Units Issue translation Accumulated
Issue profts Total in issue expenses reserve profts Total Total
$’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000
Balance brought forward 379 1 380 1,107,209 (24,695) (325) 555,694 1,637,883 1,638,263
Unitholders’ transactions
Units/Stapled Securities
to be issued as
payment of H-REIT
Manager’s
acquisition fees – – – 1,540 – – – 1,540 1,540
Units/Stapled Securities
to be issued as
payment of H-REIT
Manager’s
management fees – – – 9,354 – – – 9,354 9,354
Issue expenses – – – – 774 – – 774 774
Distributions to
holders of
Stapled Securities – – – – – – (102,270) (102,270) (102,270)
Net decrease in
net assets resulting
from unitholders’
transactions – – – 10,894 774 – (102,270) (90,602) (90,602)
At 31 December 2011 379 1 380 1,118,103 (23,921) (325) 453,424 1,547,281 1,547,661
The foreign currency translation reserve comprises foreign exchange differences arising from the translation of the fnancial
statements of foreign operations whose functional currencies are different from the functional currency of H-REIT, exchange
differences on a monetary item which forms part of the H-REIT Group’s net investment in a foreign operation and exchange
differences arising from hedge of net investment in a foreign operation.
The accompanying notes form an integral part of these fnancial statements.