115
Annual Report 2015
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 2014
1,137,803
(23,921)
(421)
(16,945)
498,518 1,595,034
Operations
Increase in net assets resulting
from operations
–
–
–
–
125,398 125,398
Hedging reserve
- Effective position of changes in
fair value of cash flows hedge
–
–
(160)
–
–
(160)
Foreign currency translation reserve
- Translation differences relating
to financial statements of
foreign subsidiaries
–
–
–
4,020
–
4,020
- Exchange differences on a monetary
item forming part of net investment
in foreign operation
–
–
–
(8,052)
–
(8,052)
- Exchange differences arising from
hedge of net investment in
foreign operation
–
–
–
(2,673)
–
(2,673)
Other comprehensive income
–
–
(160)
(6,705)
–
(6,865)
Total comprehensive income
–
–
(160)
(6,705)
125,398 118,533
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 decrease in net
assets resulting from
unitholders’ transactions
10,917
–
–
– (105,639)
(94,722)
At 31 December 2014
1,148,720
(23,921)
(581)
(23,650)
518,277 1,618,845
STATEMENTS OF MOVEMENTS IN UNITHOLDERS’ FUNDS
The accompanying notes form an integral part of these financial statements.
Year ended 31 December 2014
