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CONSOLIDATED STATEMENT OF CASH FLOWS
Year ended 31 March 2012
Notes:
(A) Net cash outfow on purchase of investment properties (including acquisition costs)
Net cash outfow on purchase of investment properties (including acquisition costs) is set out below:
Group
2012 2011
$’000 $’000
Investment properties (including acquisition costs) (1) 491,097 242,438
Trade and other payables (5,370) (2,102)
Net identifable assets acquired/cash consideration paid 485,727 240,336
Cash acquired (11,540) (1,109)
Net cash outfow 474,187 239,227
(1) For the fnancial year ended 31 March 2012, cash consideration was paid for the acquisition of Nordic European Centre, Corporation
Place, 3 Changi Business Park Vista, Cintech I, Cintech II and Cintech III & IV.
(B) Net cash outfow on acquisition of subsidiary
Net cash outfow on acquisition of subsidiary is set out below:
Group
2012 2011
$’000 $’000
Investment property 61,770 -
Cash 8,681 -
Other assets 725 -
Other liabilities (41,044) -
Net identifable assets acquired/cash consideration paid 30,132 -
Cash acquired (8,681) -
Assumption of shareholder’s loan 15,465 -
Net cash outfow 36,916 -
The accompanying notes form an integral part of these fnancial statements.
ASCENDAS REAL ESTATE INVESTMENT TRUST
ANNUAL REPORT FY11/12
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