Ascendas REIT - Annual Report 2021

Group Trust Note 31/12/2021 31/12/2020 31/12/2021 31/12/2020 $’000 $’000 $’000 $’000 Non-current liabilities Security deposits 103,848 100,327 98,529 94,614 Derivative liabilities 13 58,774 99,187 55,650 94,684 Amount due to a subsidiary – – 23,298 25,156 Term loans 14 2,857,904 2,560,701 781,636 744,208 Medium term notes 14 1,975,623 1,700,624 1,975,623 1,700,624 Lease liabilities 7 567,990 572,734 548,902 572,734 Other payables 12 86 86 – – Deferred tax liabilities 15 117,772 55,941 – – 5,681,997 5,089,600 3,483,638 3,232,020 Total liabilities 7,453,323 5,932,666 5,002,352 3,985,614 Net assets 10,277,168 9,190,553 9,735,393 8,966,368 Represented by: Unitholders’ funds 9,978,230 8,891,615 9,436,455 8,667,430 Perpetual securities holders’ funds 16 298,938 298,938 298,938 298,938 10,277,168 9,190,553 9,735,393 8,966,368 Units in issue (’000) 17 4,197,930 4,020,843 4,197,930 4,020,843 Net asset value per unit ($) 2.38 2.21 2.25 2.16 The accompanying notes form an integral part of these financial statements. Statements of Financial Position AS AT 31 DECEMBER 2021 Annual Report 2021 161