Page 89 - ar2012

annual report 2012
87
HBT H-REIT Group Stapled Group
2012 2011 2012 2011 2012 2011
$’000 $’000 $’000 $’000 $’000 $’000
Balance brought forward (1) (3) 130,742 (35,081) 130,741 (35,084)
Cash fows from fnancing activities
Distribution to holders
of Stapled Securities – – (110,241) (102,270) (110,241) (102,270)
Finance expense paid – – (14,190) (13,063) (14,190) (13,063)
Fixed deposits pledged – – – 15 – 15
Payment of transaction costs
related to borrowings – – (1,429) (450) (1,429) (450)
Proceeds from bank loans – – 118,178 153,200 118,178 153,200
Proceeds from issuance of notes – – – 153,600 – 153,600
Repayment of bank loans – – (118,178) (153,200) (118,178) (153,200)
Net cash (used in)/
from fnancing activities – – (125,860) 37,832 (125,860) 37,832
Net (decrease)/increase in cash
and cash equivalents (1) (3) 4,882 2,751 4,881 2,748
Cash and cash equivalents
at beginning of the year 381 384 70,112 67,361 70,493 67,745
Cash and cash equivalents
at end of the year (Note 7) 380 381 74,994 70,112 75,374 70,493
Signifcant Non-Cash Transactions
H-REIT Group and Stapled Group
A total of 5,204,588 (2011: 5,308,975) Stapled Securities were issued or will be issued to the H-REIT Manager
at various unit prices as satisfaction of management fees payable to the H-REIT Manager in Stapled Securities,
amounting to $9,776,000 (2011: $9,354,000) in respect of the year ended 31 December 2012.
Statements of Cash Flows
Year ended 31 December 2012
The accompanying notes form an integral part of these fnancial statements.