Attributable to Stapled Securityholders Stapled Securities in issue Revenue reserve Foreign currency translation reserve Capital reserve Hedging reserve Asset revaluation reserve Total Perpetual securities Noncontrolling interests Total equity Stapled Group $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 At 1 January 2022 2,962,074 1,095,152 (172,250) 724 1,444 3,716 3,890,860 396,298 80,561 4,367,719 Total return for the year – 223,305 – – – – 223,305 – 2,915 226,220 Total return attributable to perpetual securities holders – (13,495) – – – – (13,495) 13,495 – – Other comprehensive income Effective portion of change in fair values of cash flow hedges – – – – 38,373 – 38,373 – – 38,373 Net change in fair value of cash flow hedge reclassified to Statement of Total Return – – – – (2,387) – (2,387) – – (2,387) Revaluation surplus on land and buildings (net of tax) – – – – – 67,858 67,858 – – 67,858 Exchange differences arising from translation of foreign operations and foreign currency loans forming part of net investment in foreign operations – – (260,862) – – – (260,862) – (4,548) (265,410) Total other comprehensive income – – (260,862) – 35,986 67,858 (157,018) – (4,548) (161,566) Transactions with owners, recognised directly in equity Contributions by and distributions to owners REIT Manager’s management fee payable in Stapled Securities 19,458 – – – – – 19,458 – – 19,458 BT Trustee-Manager’s management fee payable in Stapled Securities 2,276 – – – – – 2,276 – – 2,276 Issue of Stapled Securities under private placement 170,000 – – – – – 170,000 – – 170,000 Issue expenses relating to private placement (2,269) – – – – – (2,269) – – (2,269) Distribution to Stapled Securityholders (76,478) (92,192) – – – – (168,670) – – (168,670) Distribution to perpetual securities holders – – – – – – – (13,495) – (13,495) Distribution to non-controlling interests – – – – – – – – (1,929) (1,929) Total contributions by and distributions to owners 112,987 (92,192) – – – – 20,795 (13,495) (1,929) 5,371 The accompanying notes form an integral part of these financial statements. STATEMENTS OF MOVEMENTS IN STAPLED SECURITYHOLDERS’ FUNDS Year ended 31 December 2023 166 CAPITALAND ASCOTT TRUST
RkJQdWJsaXNoZXIy NTkwNzg=