CapitaLand Ascott REIT Group CapitaLand Ascott BT Group Stapled Group Note 2023 2022 2023 2022 2023 2022 $’000 $’000 $’000 $’000 $’000 $’000 Balance brought forward 225,062 210,492 86,986 84,380 300,655 282,321 Cash flows from investing activities Acquisition of investment properties 38 (238,136) (261,470) – – (238,136) (261,470) Acquisition of property, plant and equipment 38 – – (72,193) – (72,193) – Advance (to)/from related corporations (38,956) (41,783) 38,956 41,783 – – Deferred income received 8,500 – – – 8,500 – Capital expenditure on investment properties (16,434) (10,349) (511) (507) (16,945) (10,856) Capital expenditure on investment properties under development (38,657) (25,183) – – (38,657) (25,183) Deposit paid for acquisition of investment properties – (10,058) – – – (10,058) Loan to joint venture – (6,866) – – – (6,866) Proceeds from disposal of assets held for sale 62,950 – – – 62,950 – Refund of purchase consideration to buyer for disposal of subsidiary in prior year – (128) – – – (128) Proceeds from disposal of strata units 300 530 – – 300 530 Interest received 3,175 1,130 1,193 198 4,308 1,328 Deposit received for divestment of investment properties 998 – – – 998 – Proceeds from sale of property, plant and equipment 23 11 – – 23 11 Purchase of property, plant and equipment (23,395) (10,847) (10,899) (1,640) (34,294) (12,487) Settlement of hedging instruments 24,925 – 1,545 16,355 26,470 16,355 Net cash (used in)/generated from investing activities (254,707) (365,013) (41,909) 56,189 (296,676) (308,824) Balance carried forward (29,645) (154,521) 45,077 140,569 3,979 (26,503) The accompanying notes form an integral part of these financial statements. STATEMENTS OF CASH FLOWS Year ended 31 December 2023 Overview Sustainability & Governance Leadership Portfolio & Performance Financial Statements and Other Information ANNUAL REPORT 2023 191
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