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Information
Ascott Residence Trust
Annual Report 2015
Statements of Financial Position
As at 31 December 2015
Group
Trust
Note
2015
$’000
2014
$’000
2015
$’000
2014
$’000
Non-current assets
Serviced residence properties
4 4,289,711 3,724,036 563,091 558,693
Plant and equipment
5
52,506
54,100
4,909
6,307
Subsidiaries
6
–
–
347,535 297,603
Associate
8
3,479
3,152
3,958
3,638
Deferred tax assets
10
3,983
3,382
–
–
Deposits
11
20,250
20,250
20,250
20,250
4,369,929 3,804,920 939,743 886,491
Current assets
Inventories
296
286
–
–
Trade and other receivables
12
49,707
36,374 2,270,111 1,973,582
Financial derivative assets
9
–
353
–
353
Assets held for sale
13
84,207
87,403
–
–
Cash and cash equivalents
14
220,467 192,556
38,150
50,618
354,677 316,972 2,308,261 2,024,553
Total assets
4,724,606 4,121,892 3,248,004 2,911,044
Non-current liabilities
Financial liabilities
15 1,556,773 1,301,564 279,064 460,996
Financial derivative liabilities
9
10,313
14,120
7,098
10,429
Deferred tax liabilities
10
88,851
77,244
–
–
1,655,937 1,392,928 286,162 471,425
Current liabilities
Trade and other payables
16
136,453 118,534 746,691 597,472
Financial liabilities
15
258,404 249,348 202,385
13,561
Financial derivative liabilities
9
1,222
15
1,145
12
Provision for taxation
4,014
7,831
–
70
400,093 375,728 950,221 611,115
Total liabilities
2,056,030 1,768,656 1,236,383 1,082,540
Net assets
2,668,576 2,353,236 2,011,621 1,828,504
Represented by:
Unitholders’ funds
17 2,189,714 2,106,078 1,614,527 1,679,153
Perpetual securities holders
18
397,094 149,351 397,094 149,351
Non-controlling interests
7
81,768
97,807
–
–
2,668,576 2,353,236 2,011,621 1,828,504
Units in issue (’000)
18 1,548,736 1,535,023 1,548,736 1,535,023
Net asset value per Unit
attributable to Unitholders ($)
1.41
1.37
1.04
1.09
The accompanying notes form an integral part of these financial statements.
