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STATEMENTS OF CASH FLOWS
REPORTS
HBT Group
H-REIT Group
Stapled Group
2016 2015 2016 2015 2016 2015
$’000 $’000
Restated
$’000 $’000 $’000 $’000
Restated
Cash flows from financing activities
Movements in related party balances
3,282 139,144 (3,282) (139,144)
–
–
Proceeds from bank loans
–
– 223,612 378,723 223,612 378,723
Proceeds from issuance of bond
–
–
– 35,030
– 35,030
Repayment of bank loans
–
– (207,422) (273,308) (207,422) (273,308)
Payment of transaction costs related to
borrowings
–
– (1,214)
(2,835)
(1,214)
(2,835)
Finance costs paid
(1,269)
– (22,368)
(20,142)
(22,368)
(20,142)
Distributions to holders of Stapled
Securities
(2,476)
– (94,738) (102,587)
(97,214) (102,587)
Movement in restricted cash
–
–
(11)
(1,371)
(11)
(1,371)
Net cash generated from/(used in)
financing activities
(463)
139,144 (105,423) (125,634) (104,617)
13,510
Net increase/(decrease) in cash and
cash equivalents
5,854 5,445 4,950 (11,752)
10,804 (6,307)
Cash and cash equivalents at beginning
of the year
9,701 4,066 60,896 72,381 70,597 76,447
Effect of exchange rate changes on cash
and cash equivalents
(1,254)
190
625
267
(629)
457
Cash and cash equivalents at end of
the year (Note 10)
14,301 9,701 66,471 60,896 80,772 70,597
Significant non-cash transactions
There were the following non-cash transactions:
Year ended 31 December 2016
(i)
7,445,903 Stapled Securities amounting to $9.9 million have been or will be issued to the H-REIT Manager as
satisfaction of the management fee payable in Stapled Securities.
(ii)
266,125 Stapled Securities amounting to $0.4 million will be issued to the HBT Trustee-Manager as satisfaction of
the management fee payable in Stapled Securities.
Year ended 31 December 2015
6,921,908 Stapled Securities amounting to $10.2 million had been or would be issued to the H-REIT Manager at various
unit prices as satisfaction of asset management fees payable in Stapled Securities.
Year ended 31 December 2016
The accompanying notes form an integral part of these financial statements.
131
Annual Report 2016