Ascendas REIT - Annual Report 2021

Note A – Distribution adjustments comprise: Group 31/12/2021 31/12/2020 $’000 $’000 Amount reserved for distribution to perpetual securities holders 9,000 15,142 Management fee paid / payable in Units 15,873 13,292 Trustee fee 2,570 2,328 Deferred tax expenses 58,229 27,898 Income from subsidiaries, joint venture and associate company (191,824) (124,029) Net change in fair value of financial derivatives (64,832) 33,625 Net foreign exchange differences (97) (11,152) Gain on disposal of investment properties (23,994) (5,390) Net change in fair value of investment properties and investment properties under development (Note 4) (283,245) 32,322 Remeasurement gain on the acquisition of remaining 75% equity interests in AF5PL (13,680) – Others (710) 4,580 Total distribution adjustments (492,710) (11,384) The accompanying notes form an integral part of these financial statements. Distribution Statement YEAR ENDED 31 DECEMBER 2021 Ascendas Reit 164