101
ANNUAL REPORT 2014
STATEMENTS OF MOVEMENTS IN UNITHOLDERS’ FUNDS
H-REIT Group
Foreign
currency
Units in
Issue
Hedging translation Accumulated
issue
expenses
reserve
reserve
profits
Total
$’000
$’000
$’000
$’000
$’000
$’000
At 1 January 2013
1,127,879
(23,921)
–
(5,395)
465,351 1,563,914
Operations
Increase in net assets resulting
from operations
–
–
–
–
140,303 140,303
Movement in hedging reserve:
- Effective position of changes in
fair value of cash flows hedge
–
–
(421)
–
–
(421)
Movements in foreign currency
translation reserve:
- Translation differences relating to
financial statements of foreign
subsidiaries
–
–
–
(6,333)
–
(6,333)
- Exchange differences on
a monetary item forming part of
net investment in a foreign operation
–
–
–
(14,257)
–
(14,257)
- Exchange differences arising from
hedge of net investment in
a foreign operation
–
–
–
9,040
–
9,040
Other comprehensive income
–
–
(421)
(11,550)
–
(11,971)
Total comprehensive income
–
–
(421)
(11,550)
140,303 128,332
Unitholders’ transactions
Units/Stapled Securities to
be issued as payment of H-REIT
Manager’s management fees
9,924
–
–
–
–
9,924
Distributions to holders of
Stapled Securities
–
–
–
– (107,136)
(107,136)
Net increase/(decrease) in
net assets resulting from
unitholders’ transactions
9,924
–
–
– (107,136)
(97,212)
At 31 December 2013
1,137,803
(23,921)
(421)
(16,945)
498,518 1,595,034
Year ended 31 December 2013
The accompanying notes form an integral part of these financial statements.
