113
Annual Report 2015
Year ended 31 December 2015
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 2015
1,149,220
(24,042)
(581)
(23,774)
515,304 1,616,127
Operations
Increase in net assets
resulting from operations
–
–
–
–
58,434
58,434
Hedging reserve
- Effective position of changes
in fair value of cash flow hedge
–
–
581
–
–
581
Foreign currency translation reserve
- Translation differences relating
to financial statements of
foreign subsidiaries
–
–
–
11,848
–
11,848
- Exchange differences on
monetary items forming
part of net investment
in foreign operation
–
–
–
(13,225)
–
(13,225)
- Exchange differences on
hedge of net investment
in foreign operation
–
–
–
(8,024)
–
(8,024)
Other comprehensive income
–
–
581
(9,401)
–
(8,820)
Total comprehensive income
–
–
581
(9,401)
58,434
49,614
Unitholders’ transactions
Units/Stapled Securities to be
issued as payment of H-REIT
Manager’s management fees
10,210
–
–
–
–
10,210
Distributions to holders of
Stapled Securities
–
–
–
– (102,587)
(102,587)
Net decrease in net
assets resulting from
unitholders’ transactions
10,210
–
–
– (102,587)
(92,377)
At 31 December 2015
1,159,430
(24,042)
–
(33,175)
471,151 1,573,364
STATEMENTS OF MOVEMENTS IN UNITHOLDERS’ FUNDS
The accompanying notes form an integral part of these financial statements.
