Page 118 - ar2013.pdf

F INANCIAL REPORT FY12/13
114 ASCENDAS REAL ESTATE INVESTMENT TRUST
Group Trust
Note 2013 2012 2013 2012
$’000 $’000 $’000 $’000
Non-current assets
Investment properties 4 6,447,054 6,170,295 6,378,190 6,108,574
Investment properties under development 5 151,916 121,400 151,916 121,400
Investment in debt securities 6 145,535 103,250 145,535 103,250
Plant and equipment 7 992 1,760 990 1,757
Finance lease receivable 8 63,370 65,271 63,370 65,271
Interest in a subsidiary 9 – – 48,918 46,352
Other assets 10 33,070 33,424 33,070 33,424
Derivative assets 15 12,259 9,231 12,259 9,231
6,854,196 6,504,631 6,834,248 6,489,259
Current assets
Finance lease receivable 8 1,901 1,772 1,901 1,772
Trade and other receivables 11 47,301 38,382 46,653 37,704
Other assets 10 36,040 – 36,040 –
Derivative assets 15 64 – 64 –
Cash and cash equivalents 12 19,525 19,589 12,544 10,232
104,831 59,743 97,202 49,708
Current liabilities
Trade and other payables 13 134,647 114,151 132,981 112,163
Security deposits 14 69,667 58,709 68,394 57,508
Derivative liabilities 15 885 2,915 885 2,915
Short term borrowings 16 109,710 575,490 109,710 554,430
Medium term notes 16 124,965 – 124,965 –
Provision for taxation 759 377 478 103
440,633 751,642 437,413 727,119
Non-current liabilities
Security deposits 14 4,617 2,865 4,617 2,865
Derivative liabilities 15 105,879 67,508 105,879 67,508
Medium term notes 16 456,202 470,600 456,202 470,600
Term loans 16 928,671 1,044,470 914,920 1,044,470
Collateral loan 17 359,517 307,608 359,517 307,608
Deferred tax liabilities 18 2,359 2,225 – 1,794
1,857,245 1,895,276 1,841,135 1,894,845
Net assets 4,661,149 3,917,456 4,652,902 3,917,003
Represented by:
Unitholders’ funds 4,661,149 3,917,456 4,652,902 3,917,003
Units in issue (’000) 19 2,398,946 2,085,077 2,398,946 2,085,077
Net asset value per unit ($) 1.94 1.88 1.94 1.88
Balance Sheets
As at 31 March 2013
The accompanying notes form an integral part of these financial statements.