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ANNUAL REPORT FY13/14 125
BALANCE SHEETS
As at 31 March 2014
Group Trust
Note 2014 2013 2014 2013
$’000 $’000 $’000 $’000
Non-current assets
Investment properties 4 6,922,966 6,447,054 6,651,419 6,378,190
Investment property under development 5 – 151,916 – 151,916
Investment in debt securities 6 194,574 145,535 194,574 145,535
Plant and equipment 7 418 992 303 990
Finance lease receivables 8 93,844 63,370 93,844 63,370
Interest in subsidiaries 9 – – 170,027 48,918
Other assets 10 – 33,070 – 33,070
Derivative assets 15 1,348 12,259 1,348 12,259
7,213,150 6,854,196 7,111,515 6,834,248
Current assets
Finance lease receivables 8 1,031 1,901 1,031 1,901
Trade and other receivables 11 65,539 47,301 61,894 46,653
Other assets 10 – 36,040 – 36,040
Derivative assets 15 1,345 64 1,345 64
Property held for sale 4 10,500 – 10,500 –
Cash and cash equivalents 12 65,928 19,525 57,952 12,544
144,343 104,831 132,722 97,202
Current liabilities
Trade and other payables 13 127,423 134,647 120,755 132,981
Security deposits 14 28,527 69,667 26,827 68,394
Derivative liabilities 15 2,658 885 2,658 885
Short term borrowings 16 209,790 109,710 209,790 109,710
Term loans 16 394,986 – 394,986 –
Medium term notes 16 – 124,965 – 124,965
Collateral loan 17 341,091 – 341,091 –
Provision for taxation 2,068 759 2,064 478
1,106,543 440,633 1,098,171 437,413
Non-current liabilities
Security deposits 14 57,435 4,617 56,982 4,617
Derivative liabilities 15 90,185 105,879 90,185 105,879
Term loans 16 731,932 928,671 717,649 914,920
Medium term notes 16 499,157 456,202 499,157 456,202
Collateral loan 17 – 359,517 – 359,517
Deferred tax liabilities 18 23,675 2,359 – –
1,402,384 1,857,245 1,363,973 1,841,135
Net assets 4,848,566 4,661,149 4,782,093 4,652,902
Represented by:
Unitholders’ funds 4,848,566 4,661,149 4,782,093 4,652,902
Units in issue (’000) 19 2,402,522 2,398,946 2,402,522 2,398,946
Net asset value per unit ($) 2.02 1.94 1.99 1.94
The accompanying notes form an integral part of these fnancial statements.