116
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
Hedging reserve
- Effective position of changes
in fair value of cash flow hedge
–
–
(160)
–
–
(160)
Foreign currency translation reserve
- Translation differences relating
to financial statements of
foreign subsidiaries
–
–
–
3,896
–
3,896
- Exchange differences on
monetary items forming part
of net investment in foreign operation
–
–
–
(8,052)
–
(8,052)
- Exchange differences on hedge
of net investment in 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 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
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 foreign operation and exchange differences arising from hedge of net investment in foreign
operation.
STATEMENTS OF MOVEMENTS IN UNITHOLDERS’ FUNDS
The accompanying notes form an integral part of these financial statements.
Year ended 31 December 2014
