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BALANCE SHEETS
As at 31 March 2012
The accompanying notes form an integral part of these fnancial statements.
Group Trust
Note 2012 2011 2012 2011
$’000 $’000 $’000 $’000
Non-current assets
Investment properties 4 6,170,295 5,254,556 6,108,574 5,254,556
Investment properties under development 5 121,400 26,078 121,400 26,078
Investment in debt securities 6 103,250 - 103,250 -
Plant and equipment 7 1,760 2,810 1,757 2,810
Finance lease receivable 8 65,271 67,043 65,271 67,043
Interest in a subsidiary 9 - - 46,352 -
Other assets 10 33,424 26,862 33,424 26,862
Derivative assets 16 9,231 4,452 9,231 4,452
6,504,631 5,381,801 6,489,259 5,381,801
Current assets
Finance lease receivable 8 1,772 1,505 1,772 1,505
Trade and other receivables 11 38,382 28,451 37,704 28,451
Cash and cash equivalents 12 19,589 8,067 10,232 8,067
59,743 38,023 49,708 38,023
Current liabilities
Trade and other payables 13 116,227 119,539 114,239 119,539
Security deposits 14 58,709 41,407 57,508 41,407
Deferred payment 15 - 6,991 - 6,991
Derivative liabilities 16 2,915 3,827 2,915 3,827
Short term borrowings 17 575,490 349,883 554,430 349,883
Medium term notes 17 - 149,980 - 149,980
Provision for taxation 377 - 103 -
753,718 671,627 729,195 671,627
Net current liabilities (693,975) (633,604) (679,487) (633,604)
Non-current liabilities
Security deposits 14 2,865 2,138 2,865 2,138
Derivative liabilities 16 67,508 55,901 67,508 55,901
Medium term notes 17 470,600 270,707 470,600 270,707
Collateral loan 18 307,608 306,468 307,608 306,468
Term loans 17 1,044,470 820,341 1,044,470 820,341
Deferred tax liabilities 19 2,225 976 1,794 976
1,895,276 1,456,531 1,894,845 1,456,531
Net assets 3,915,380 3,291,666 3,914,927 3,291,666
Represented by:
Unitholders’ funds 3,915,380 3,291,666 3,914,927 3,291,666
Units in issue (’000) 20 2,085,077 1,874,293 2,085,077 1,874,293
Net asset value per unit ($) 1.88 1.76 1.88 1.76
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A DECADE OF ENABLING BUSINESSES