112 CapitaLand Ascendas REIT Statements of Financial Position As at 31 December 2025 Group Trust Note 2025 $’000 2024 $’000 2025 $’000 2024 $’000 ASSETS Non-current assets Investment properties 4 18,202,446 16,758,446 10,669,200 10,004,000 Investment properties under development 5 416,605 268,734 147,600 144,350 Finance lease receivables 6 23,207 27,965 23,207 27,965 Right-of-use assets 7 604,776 629,861 573,761 600,874 Interests in subsidiaries 8 – – 5,152,224 4,213,668 Loans to subsidiaries 8 – – 593,522 495,236 Investment in an associate company 9 131,526 118,456 122,903 122,903 Investment in a joint venture 9 270 142 – – Derivative assets 13 22,089 96,904 22,089 86,248 Deferred tax asset 15 7,377 18,289 – – 19,408,296 17,918,797 17,304,506 15,695,244 Current assets Finance lease receivables 6 4,758 4,861 4,758 4,861 Trade and other receivables 10 168,089 121,814 53,039 69,334 Loan to a subsidiary 8 – – 240,550 30,187 Cash and fixed deposits 11 209,444 167,741 4,017 34,482 Derivative assets 13 3,801 55,797 2,797 51,876 386,092 350,213 305,161 190,740 Total assets 19,794,388 18,269,010 17,609,667 15,885,984 LIABILITIES Current liabilities Trade and other payables 12 524,634 412,153 336,516 257,508 Security deposits 79,173 76,662 76,235 72,940 Derivative liabilities 13 26,850 1,186 26,850 1,186 Short term bank borrowings 14 848,380 144,966 848,380 144,966 Term loans 14 626,996 509,851 – – Medium term notes 14 237,619 325,644 237,619 325,644 Lease liabilities 7 42,277 39,315 41,803 38,393 Provision for taxation 8,495 10,727 883 4,104 2,394,424 1,520,504 1,568,286 844,741 Non-current liabilities Security deposits 149,910 148,886 133,801 133,606 Derivative liabilities 13 76,479 36,462 76,479 36,462 Amount due to a subsidiary – – 25,686 20,020 Term loans 14 3,256,387 3,660,365 1,927,529 1,933,676 Medium term notes 14 2,350,846 1,883,986 2,350,846 1,883,986 Lease liabilities 7 562,499 590,546 531,958 562,481 Other payables 12 163 85 – – Deferred tax liabilities 15 149,374 119,661 – – 6,545,658 6,439,991 5,046,299 4,570,231 Total liabilities 8,940,082 7,960,495 6,614,585 5,414,972 Net assets 10,854,306 10,308,515 10,995,082 10,471,012 Represented by: Unitholders’ funds 10,550,108 10,008,906 10,692,728 10,172,074 Perpetual securities holders’ funds 16 302,354 298,938 302,354 298,938 Non-controlling interests 1,844 671 – – 10,854,306 10,308,515 10,995,082 10,471,012 Units in issue (’000) 17 4,611,952 4,400,309 4,611,952 4,400,309 Net asset value per unit* ($) 2.29 2.27 2.32 2.31 *Net asset value attributable to Unitholders. The accompanying notes form an integral part of these financial statements.
RkJQdWJsaXNoZXIy NTM2MDQ5