125
Annual Report 2015
HBT Group
H-REIT Group
Stapled Group
Note
2015
2014
2015
2014
2015
2014
$’000
$’000
$’000
$’000
$’000
$’000
Balance carried forward
(133,699)
3,461
113,882
43,370
(19,817)
46,831
Cash flows from financing activities
Other payables/(receivables)
139,144
–
(139,144)
–
–
–
Distribution to holders of
Stapled Securities
–
–
(102,587)
(105,639)
(102,587)
(105,639)
Finance costs paid
–
–
(20,142)
(16,644)
(20,142)
(16,644)
Payment of transaction costs
related to borrowings
–
–
(2,835)
(892)
(2,835)
(892)
Proceeds from bank loans
–
–
378,723
230,959
378,723
230,959
Proceeds from issuance of bond
–
–
35,030
–
35,030
–
Repayment of bank loans
–
–
(273,308)
(76,896)
(273,308)
(76,896)
Repayment of notes
–
–
–
(70,000)
–
(70,000)
Restricted cash
–
–
(1,371)
–
(1,371)
–
Net cash from/(used in)
financing activities
139,144
–
(125,634)
(39,112)
13,510
(39,112)
Net increase/(decrease) in
cash and cash equivalents
5,445
3,461
(11,752)
4,258
(6,307)
7,719
Cash and cash equivalents at
beginning of the year
4,066
605
72,381
68,123
76,447
68,728
Effect of exchange rate changes
on cash and cash equivalents
190
–
267
–
457
–
Cash and cash equivalents at
end of the year (Note 10)
9,701
4,066
60,896
72,381
70,597
76,447
Significant Non-Cash Transactions
H-REIT Group and Stapled Group
For the financial year ended 31 December 2015, a total of 6,921,908 (2014: 6,462,785) Stapled Securities amounting to
$10,210,000 (2014: $10,917,000) were issued or will be issued to the H-REIT Manager at various unit prices as satisfaction of
asset management fees payable in units.
STATEMENTS OF CASH FLOWS
The accompanying notes form an integral part of these financial statements.
Year ended 31 December 2015
