Group
Trust
Note 31/3/2015 31/3/2014 1/4/2013 31/3/2015 31/3/2014
$’000
$’000
$’000
$’000
$’000
(Restated) (Restated)
Non-current assets
Investment properties
4 7,867,930 6,922,966 6,447,054 7,558,780 6,651,419
Investment property under development
5
–
– 151,916
–
–
Investment in debt securities
6
– 194,574 145,535
– 194,574
Plant and equipment
7
260
418
992
152
303
Finance lease receivables
8
92,842
93,844
63,370
92,842
93,844
Interest in subsidiaries
9
–
–
– 179,324 170,027
Other assets
10
3,106
–
33,070
–
–
Derivative assets
15
38,736
1,348
12,259
38,736
1,348
8,002,874 7,213,150 6,854,196 7,869,834 7,111,515
Current assets
Finance lease receivables
8
1,002
1,031
1,901
1,002
1,031
Trade and other receivables
11
90,064
65,139
46,904
83,484
61,894
Other assets
10
–
–
36,040
–
–
Derivative assets
15
–
1,345
64
–
1,345
Property held for sale
4
24,800
10,500
–
24,800
10,500
Cash and cash equivalents
12
41,590
67,328
27,766
14,389
57,952
157,456 145,343 112,675 123,675 132,722
Current liabilities
Trade and other payables
13
188,548 128,366 142,440 163,064 120,755
Security deposits
14
27,810
28,527
69,667
27,809
26,827
Derivative liabilities
15
1,291
55,216
885
1,291
2,658
Short term borrowings
16
270,000 209,790 109,710 270,000 209,790
Term loans
16
15,525 342,451
–
– 394,986
Medium term notes
16
–
– 124,965
–
–
Exchangeable Collateralised Securities
17
– 341,091
–
–
–
Collateral loan
17
–
–
–
– 341,091
Provision for taxation
3,651
2,068
759
3,303
2,064
506,825 1,107,509 448,426 465,467 1,098,171
Non-current liabilities
Other payables
13
2,175
–
–
2,175
–
Security deposits
14
79,504
57,435
4,617
75,838
56,982
Derivative liabilities
15
87,484
90,185 186,945
87,484
90,185
Amount due to a subsidiary
–
–
–
44,473
–
Term loans
16 1,279,046 731,932 847,499 1,279,046 717,649
Medium term notes
16
797,129 499,157 456,202 797,129 499,157
Exchangeable Collateralised Securities
17
366,024
– 359,517
–
–
Collateral loan
17
–
–
– 366,024
–
Deferred tax liabilities
18
28,553
23,675
2,359
–
–
2,639,915 1,402,384 1,857,139 2,652,169 1,363,973
Net assets
5,013,590 4,848,600 4,661,306 4,875,873 4,782,093
Represented by:
Unitholders’ funds
5,013,551 4,848,566 4,661,149 4,875,873 4,782,093
Non-controlling interests
19
39
34
157
–
–
5,013,590 4,848,600 4,661,306 4,875,873 4,782,093
Units in issue (’000)
20 2,405,707 2,402,522 2,398,946 2,405,707 2,402,522
Net asset value per unit ($)
2.08
2.02
1.94
2.03
1.99
B a l a n c e S h e e t s
As at 31 March 2015
The accompanying notes form an integral part of these financial statements.
ASCENDAS REAL ESTATE INVESTMENT TRUST ANNUAL REPORT 2014/15
