Ascendas REIT - Annual Report 2021

Group Trust 31/12/2021 31/12/2020 31/12/2021 31/12/2020 $’000 $’000 $’000 $’000 Unitholders’ Funds Balance at beginning of the financial year 8,891,615 7,810,370 8,667,430 7,727,989 Operations Total return for the year attributable to Unitholders 957,039 457,078 638,563 356,752 Less: Amount reserved for distribution to perpetual securities holders (9,000) (15,142) (9,000) (15,142) Net increase in net assets resulting from operations 948,039 441,936 629,563 341,610 Movement in foreign currency translation reserve (886) 41,478 – – Unitholders’ transactions Units issued through equity fund raising 420,003 1,196,490 420,003 1,196,490 Consideration Units 79,997 – 79,997 – Acquisition fee paid in Units 5,400 – 5,400 – Divestment fee paid in Units 516 – 516 – Management fees paid / payable in Units 15,873 13,292 15,873 13,292 Unit issue costs (3,866) (14,068) (3,866) (14,068) Distributions to Unitholders (378,461) (597,883) (378,461) (597,883) Net increase in net assets resulting from Unitholders’ transactions 139,462 597,831 139,462 597,831 Balance at end of the financial year 9,978,230 8,891,615 9,436,455 8,667,430 Perpetual Securities Holders’ Funds Balance at beginning of the financial year 298,938 300,868 298,938 300,868 Redemption of perpetual securities – (300,000) – (300,000) Proceeds from the issuance of perpetual securities – 300,000 – 300,000 Issue costs – (1,635) – (1,635) Amount reserved for distribution to perpetual securities holders 9,000 15,142 9,000 15,142 Distribution to perpetual securities holders (9,000) (15,437) (9,000) (15,437) Balance at end of the financial year 298,938 298,938 298,938 298,938 Total 10,277,168 9,190,553 9,735,393 8,966,368 The accompanying notes form an integral part of these financial statements. Statements of Movements in Unitholders’ Funds YEAR ENDED 31 DECEMBER 2021 Annual Report 2021 165