CapitaLand Ascott REIT Group CapitaLand Ascott BT Group Stapled Group Note 2023 2022 2023 2022 2023 2022 $’000 $’000 $’000 $’000 $’000 $’000 Non-current assets Investment properties 4 6,498,182 6,075,974 424,990 447,974 6,501,017 6,103,633 Property, plant and equipment 5 47,348 35,562 602,005 570,389 1,001,941 944,878 Investment properties under development 6 268,000 385,707 – – 268,000 385,707 Investment securities 7 2,454 2,416 – – – – Associate 11 2,985 3,035 – – 2,985 3,035 Financial derivative assets 12 84,653 69,942 209 – 84,862 69,942 Deferred tax assets 13 10,595 10,738 3,983 4,137 14,578 14,875 6,914,217 6,583,374 1,031,187 1,022,500 7,873,383 7,522,070 Current assets Inventories 91 20 456 275 547 295 Trade and other receivables 14 316,041 257,341 13,714 15,804 109,556 112,187 Assets held for sale 15 211,599 1,020 95,628 – 307,227 1,020 Financial derivative assets 12 7,306 21,463 – 3,024 7,306 24,487 Cash and cash equivalents 16 369,371 299,251 63,435 64,383 432,806 363,634 904,408 579,095 173,233 83,486 857,442 501,623 Total assets 7,818,625 7,162,469 1,204,420 1,105,986 8,730,825 8,023,693 Non-current liabilities Financial liabilities 17 2,385,856 2,389,473 100,143 83,407 2,485,999 2,472,880 Financial derivative liabilities 12 7,100 6,939 566 – 7,666 6,939 Trade and other payables 18 – 32 8,135 8,624 8,135 8,656 Deferred income 19 7,969 – 747 876 8,716 876 Deferred tax liabilities 13 154,002 121,425 41,323 39,458 195,325 160,883 Lease liabilities 20 253,677 257,368 64,412 76,203 253,677 257,368 2,808,604 2,775,237 215,326 208,568 2,959,518 2,907,602 Current liabilities Financial liabilities 17 529,122 226,244 33,240 175,462 562,362 401,706 Financial derivative liabilities 12 – 5 – 810 – 815 Trade and other payables 18 286,577 212,432 285,654 192,769 352,032 244,243 Deferred income 19 425 – 120 135 545 135 Current tax liabilities 15,207 11,593 579 3,158 15,786 14,751 Lease liabilities 20 10,288 9,646 5,155 5,185 10,288 9,646 841,619 459,920 324,748 377,519 941,013 671,296 Total liabilities 3,650,223 3,235,157 540,074 586,087 3,900,531 3,578,898 Net assets 4,168,402 3,927,312 664,346 519,899 4,830,294 4,444,795 Represented by: Stapled Securityholders’ funds 21 3,696,155 3,449,568 660,198 515,868 4,356,353 3,965,436 Perpetual securities holders 22 396,298 396,298 – – 396,298 396,298 Non-controlling interests 10 75,949 81,446 4,148 4,031 77,643 83,061 4,168,402 3,927,312 664,346 519,899 4,830,294 4,444,795 Stapled Securities in issue (’000) 22 3,763,304 3,445,625 3,763,304 3,445,625 3,763,304 3,445,625 Net asset value per Stapled Security ($) 0.98 1.00 0.18 0.15 1.16 1.15 STATEMENTS OF FINANCIAL POSITION As at 31 December 2023 The accompanying notes form an integral part of these financial statements. 156 CAPITALAND ASCOTT TRUST
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