Notes:
(A)
Net cash outflow on acquisition of subsidiaries
Net cash outflow on acquisition of subsidiaries is set out below:
Group
2016
2015
$’000
$’000
Investment property (including acquisition costs)
646,901
459,888
Cash
–
9,074
Other assets
1,111
3,734
Bank loan
–
(255,969)
Convertible bonds
–
(184,993)
Accrued expenses
(810)
(20,339)
Deposits
–
(4,076)
Other liabilities
(2,536)
(2,319)
Net identifiable assets acquired
644,666
5,000
Total consideration
644,666
5,000
Add: Bank loan repaid
–
255,969
Less: Acquisition costs payable in form of units
(6,127)
–
Cash acquired
–
(9,074)
Net cash outflow
638,539
251,895
Details of the subsidiaries acquired are set out in Note 7.
(B)
Net cash outflow on purchase of investment properties (including acquisition costs)
Net cash outflow on purchase of investment properties (including acquisition costs) is set out below:
Group
2016
2015
$’000
$’000
Investment properties (including acquisition costs)
961,360
308,190
Cash
–
1,926
Trade and other payables
(4,396)
(5,645)
Net identifiable assets acquired
956,964
304,471
Total consideration
956,964
304,471
Consideration paid in the form of units
(210,000)
–
Acquisition costs paid in the form of units
(8,292)
(1,120)
Cash acquired
–
(1,926)
Net cash outflow
738,672
301,425
Consolidated Statement of Cash Flows
Year ended 31 March 2016
The accompanying notes form an integral part of these financial statements.
.143
A-REIT ANNUAL REPORT
2015/2016
