99
ANNUAL REPORT 2014
Stapled Group
Foreign
currency
Units in
Issue
Hedging translation Accumulated
issue
expenses
reserve
reserve
profits
Total
$’000
$’000
$’000
$’000
$’000
$’000
At 1 January 2014
1,138,303
(24,042)
(421)
(16,945)
498,487 1,595,382
Operations
Increase in net assets resulting
from operations
–
–
–
–
122,456 122,456
Movement in hedging reserve:
- Effective position of changes in
fair value of cash flows hedge
–
–
(160)
–
–
(160)
Movements in foreign currency
translation reserve:
- Translation differences relating to
financial statements of foreign
subsidiaries
–
–
–
3,896
–
3,896
- Exchange differences on
a monetary item forming part of
net investment in a foreign operation
–
–
–
(8,052)
–
(8,052)
- Exchange differences arising
from hedge of net investment in
a foreign operation
–
–
–
(2,673)
–
(2,673)
Other comprehensive income
–
–
(160)
(6,829)
–
(6,989)
Total comprehensive income
–
–
(160)
(6,829)
122,456 115,467
Unitholders’ transactions
Units/Stapled Securities to be
issued as payment of H-REIT
Manager’s management fees
10,278
–
–
–
–
10,278
Units/Stapled Securities to be
issued as payment of H-REIT
Manager’s acquisition fees
639
–
–
–
–
639
Distributions to holders of
Stapled Securities
–
–
–
– (105,639)
(105,639)
Net increase/(decrease) in
net assets resulting from
unitholders’ transactions
10,917
–
–
– (105,639)
(94,722)
At 31 December 2014
1,149,220
(24,042)
(581)
(23,774)
515,304 1,616,127
Year ended 31 December 2014
STATEMENTS OF MOVEMENTS IN UNITHOLDERS’ FUNDS
The accompanying notes form an integral part of these financial statements.
