114
Ascott Residence Trust
Annual Report 2015
Group
Trust
Note
2015
$’000
2014
$’000
2015
$’000
2014
$’000
Capital reserve
At 1 January
2,008
1,818
–
–
Transfer from operations
–
190
–
–
At 31 December
2,008
2,008
–
–
Hedging reserve
At 1 January
(15,117)
(10,769)
(11,582)
(9,608)
Effective portion of change in fair values
of cash flow hedges
5,377
(4,348)
5,150
(1,974)
At 31 December
(9,740)
(15,117)
(6,432)
(11,582)
Unitholders’ funds at 31 December
2,189,714 2,106,078 1,614,527 1,679,153
Perpetual securities
At 1 January
149,351
–
149,351
–
Issue of perpetual securities
250,000 150,000 250,000 150,000
Issue expenses
28
(2,321)
(2,005)
(2,321)
(2,005)
Total return attributable to
perpetual securities holders
13,430
1,356
13,430
1,356
Distribution to perpetual securities holders
(13,366)
–
(13,366)
–
At 31 December
397,094 149,351 397,094 149,351
Non-controlling interests
At 1 January
97,807
94,050
–
–
Total return attributable to
non-controlling interests
13,807
7,904
–
–
Distribution to non-controlling interests
(3,382)
(3,228)
–
–
Change in ownership interests in subsidiaries
with no change in control
(30,330)
154
–
–
Effective portion of change in fair values of
cash flow hedges
166
(156)
–
–
Exchange differences arising from translation
of foreign operations and foreign currency
loans forming part of net investment
in foreign operations
3,700
(917)
–
–
At 31 December
81,768
97,807
–
–
2,668,576 2,353,236 2,011,621 1,828,504
Statements of Movements in Unitholders’ Funds
Year ended 31 December 2015
The accompanying notes form an integral part of these financial statements.
