(C)
Significant non-cash transactions
Year ended 31 March 2016
During the year, there were the following significant non-cash transactions:
•
3,410,058 units amounting to $8,075,000 were issued at issue prices ranging from $2.3107 to $2.4318 per unit as
payment for 20% of the base management fee relating to the period from 1 December 2014 to 30 November 2015.
•
6,650,105 units amounting to $15,539,000 were issued at issue prices ranging from $2.2504 to $2.6361 per unit
as payment for the acquisition fees to the Manager in relation to the acquisition of The Kendall, 26 Australia
properties and ONE@Changi City.
•
48,431 units amounting to $124,000 were issued at $2.5603 per unit as payment for the divestment fee to the
Manager in relation to the divestment of 26 Senoko Way.
•
94,466,936 units amounting to $210,000,000 were issued to related parties of the Manager at $2.2230 per unit in
satisfaction of 50% of the consideration for ONE@Changi City.
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.
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.
Consolidated Statement of Cash Flows
Year ended 31 March 2016
The accompanying notes form an integral part of these financial statements.
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A-REIT ANNUAL REPORT
2015/2016
