Page 88 - ar2012

CDL Hospitality TrustS
86
HBT H-REIT Group Stapled Group
2012 2011 2012 2011 2012 2011
$’000 $’000 $’000 $’000 $’000 $’000
Cash fows from operating activities
Net (loss)/income (1) (3) 124,531 180,792 124,530 180,789
Adjustments for:
H-REIT Manager’s acquisition fee – – – 1,540 – 1,540
H-REIT Manager’s management
fees paid/payable in
Stapled Securities – – 9,776 9,354 9,776 9,354
Net fnance (income)/ expense (1) – 15,709 13,167 15,708 13,167
Net surplus on revaluation
of investment properties – – (14,982) (73,213) (14,982) (73,213)
Operating (loss)/income before
working capital changes (2) (3) 135,034 131,640 135,032 131,637
Changes in working capital:
Trade and other receivables – – 3,111 (2,875) 3,111 (2,875)
Trade and other payables – – (1,914) 3,081 (1,914) 3,081
Cash generated from (2) (3) 136,231 131,846 136,229 131,843
operating activities
Income tax paid – – – (727) – (727)
Net cash (used in)/from
operating activities (2) (3) 136,231 131,119 136,229 131,116
Cash fows from investing activities
Acquisition of investment properties – – – (156,083) – (156,083)
Capital expenditure on
investment properties – – (6,148) (12,356) (6,148) (12,356)
Interest received 1 – 659 639 660 639
Security deposit from acquisition
of investment property – – – 1,600 – 1,600
Net cash from/(used in)
investing activities 1 – (5,489) (166,200) (5,488) (166,200)
Balance carried forward (1) (3) 130,742 (35,081) 130,741 (35,084)
Statements of Cash Flows
Year ended 31 December 2012
The accompanying notes form an integral part of these fnancial statements.