(C)
Significant non-cash transactions
Year ended 31 March 2015
During the year, 3,184,914 units amounting to $7,424,000 were issued at issue prices ranging from $2.3229 to $2.3396 per
unit as payment for 20% of the base management fee relating to the period from 1 December 2013 to 30 November 2014.
Year ended 31 March 2014
During the year, there were the following significant non-cash transactions:
•
3,112,708 units amounting to $6,964,000 were issued at issue prices ranging from $2.1621 to $2.3219 per unit as
payment for 20% of the base management fee relating to the period from 1 December 2012 to 30 November 2013.
•
462,860 units amounting to $1,260,000 were issued at an issue price of $2.7222 per unit as payment for the
acquisition fee to the Manager in relation to the acquisition of The Galen.
The issue prices of the units were determined based on the volume weighted average traded price for all trades done on
Singapore Exchange Securities Trading Limited (“SGX-ST”) in the ordinary course of trading for 10 business days immediately
preceding the respective date of issue of the new units.
Consol idated Statement of Cash Flows
Year ended 31 March 2015
The accompanying notes form an integral part of these financial statements.
ASCENDAS REAL ESTATE INVESTMENT TRUST ANNUAL REPORT 2014/15
