CapitaLand Ascott REIT Group CapitaLand Ascott BT Group Stapled Group 2023 2022 2023 2022 2023 2022 $’000 $’000 $’000 $’000 $’000 $’000 Balance brought forward (29,645) (154,521) 45,077 140,569 3,979 (26,503) Cash flows from financing activities Distributions to Stapled Securityholders (161,366) (139,955) (36,845) (28,715) (198,211) (168,670) Distributions to perpetual securities holders (13,495) (13,495) – – (13,495) (13,495) Dividends paid to non-controlling interests (3,234) (1,888) (167) (61) (3,286) (1,929) Proceeds from issue of Stapled Securities 165,861 170,000 137,192 – 303,053 170,000 Payment of issue expenses on issuance of Stapled Securities (2,340) (2,293) (2,095) – (4,435) (2,293) Proceeds from borrowings and issuance of notes 704,147 1,554,606 51,270 92,243 755,417 1,646,849 Repayment of borrowings and notes (499,073) (1,319,220) (175,468) (161,770) (674,541) (1,480,990) Payment of transaction costs on borrowings and notes (2,966) (7,842) (557) (231) (3,523) (8,073) Payment of lease liabilities (9,000) (7,897) (4,890) (4,989) (9,000) (7,897) Interest paid (73,847) (55,966) (12,970) (14,101) (80,369) (62,525) Change in restricted cash deposits (6,084) (18) (1,040) 212 (7,124) 194 Net cash generated from/(used in) financing activities 98,603 176,032 (45,570) (117,412) 64,486 71,171 Net increase/(decrease) in cash and cash equivalents 68,958 21,511 (493) 23,157 68,465 44,668 Cash and cash equivalents at 1 January 298,862 300,792 62,303 42,877 361,165 343,669 Effect of exchange rate changes on balances held in foreign currency (4,922) (23,441) (1,495) (3,731) (6,417) (27,172) Cash and cash equivalents at 31 December 362,898 298,862 60,315 62,303 423,213 361,165 The accompanying notes form an integral part of these financial statements. STATEMENTS OF CASH FLOWS Year ended 31 December 2023 192 CAPITALAND ASCOTT TRUST
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