Ascendas REIT - Annual Report 2021

Group Trust Note 31/12/2021 31/12/2020 31/12/2021 31/12/2020 $’000 $’000 $’000 $’000 Non-current assets Investment properties 4 16,293,725 13,707,692 9,199,500 9,017,200 Investment properties under development 5 246,054 259,782 64,800 223,000 Finance lease receivables 6 41,393 45,050 41,393 45,050 Right-of-use assets 7 604,646 609,956 584,932 609,956 Interests in subsidiaries 8 – – 4,078,331 2,406,805 Loans to subsidiaries 8 – – 549,157 288,323 Investment in an associate company 9 35,019 112,240 39,312 105,532 Investment in a joint venture 9 165 195 – – Deferred tax asset 15 – 1,484 – – Derivative assets 13 53,868 33,893 36,002 33,893 17,274,870 14,770,292 14,593,427 12,729,759 Current assets Finance lease receivables 6 3,657 3,281 3,657 3,281 Trade and other receivables 10 81,581 67,177 29,195 24,657 Derivative assets 13 1,834 4,490 1,834 4,490 Cash and fixed deposits 11 368,549 277,979 109,632 189,795 455,621 352,927 144,318 222,223 Total assets 17,730,491 15,123,219 14,737,745 12,951,982 Current liabilities Trade and other payables 12 385,926 297,635 234,576 224,197 Security deposits 76,582 67,758 69,851 66,772 Derivative liabilities 13 1,516 7,847 1,516 3,648 Short term borrowings 14 626,708 226,430 626,708 226,556 Term loans 14 274,155 – 198,795 – Medium term notes 14 349,958 194,209 349,958 194,209 Lease liabilities 7 36,656 37,222 36,030 37,222 Provision for taxation 19,825 11,965 1,280 990 1,771,326 843,066 1,518,714 753,594 The accompanying notes form an integral part of these financial statements. Statements of Financial Position AS AT 31 DECEMBER 2021 Ascendas Reit 160