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STATEMENTS OF MOVEMENTS IN UNITHOLDERS’ FUNDS
REPORTS
As at 31 December 2015
H-REIT Group
Units in
issue and to
be issued
Issue
expenses
Hedging
reserve
Foreign
currency
translation
reserve
Accumulated
profits/
(losses)
Total
$’000
$’000
$’000
$’000
$’000
$’000
At 1 January 2015
1,148,720
(23,921)
(581)
(23,650)
518,277 1,618,845
Operations
Increase/(decrease) in net
assets resulting from
operations
–
–
–
–
56,926
56,926
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
–
–
–
11,947
–
11,947
- Exchange differences on
a monetary item forming
part of net investment in
foreign operation
–
–
–
(13,225)
–
(13,225)
- Exchange differences on
hedge of net investments
in foreign operations
–
–
–
(8,024)
–
(8,024)
Other comprehensive
income
–
–
581
(9,302)
–
(8,721)
Total comprehensive
income
–
–
581
(9,302)
56,926
48,205
Unitholders’ transactions
- Units/ Stapled Securities
issued and 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
1,158,930
(23,921)
–
(32,952)
472,616 1,574,673
The accompanying notes form an integral part of these financial statements.
121
Annual Report 2016