102
CDL
HOSPITALITY TRUSTS
STATEMENTS OF MOVEMENTS IN UNITHOLDERS’ FUNDS
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 2013
1,128,379
(24,042)
–
(5,395)
465,351 1,564,293
Operations
Increase in net assets
resulting from operations
–
–
–
–
140,272 140,272
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)
140,272 128,301
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
1,138,303
(24,042)
(421)
(16,945)
498,487 1,595,382
The foreign currency translation reserve comprises foreign exchange differences arising from the translation of the
financial statements of foreign operations into Singapore dollar, exchange differences on a monetary item which form
part of H-REIT Group's net investment in a foreign operation and exchange differences arising from hedge of net
investment in foreign operation.
Year ended 31 December 2013
The accompanying notes form an integral part of these financial statements.
