CASH FLOW
As at 31 December 2014, Ascott Reit’s cash and cash equivalents was S$192.6 million, a decrease
of S$11.9 million over last year. The major cash flow movements are as follows:
S$’m
Proceeds from issue of medium term notes
212.7
Cash generated from operations
174.9
Proceeds from issue of perpetual securities, net of transaction costs
148.5
Net proceeds from bank borrowings
98.5
Proceeds on disposal of assets held for sale
5.5
Acquisitions of serviced residence properties/plant and equipment
(438.2)
Distributions to unitholders
(116.5)
Payment of interest and income tax
(64.2)
Capital expenditure on serviced residence properties
(30.2)
Financial Review
60 | Ascott Residence Trust Annual Report 2014
