Significant non-cash transactions CapitaLand Ascott REIT Group During the year, the CapitaLand Ascott REIT Group has the following significant non-cash transactions: • A total of 22,134,460 (2022: 18,634,723) Stapled Securities were issued or will be issued as payment of the REIT Manager’s management fees amounting to $22,340,000 (2022: $19,481,000) in respect of the year ended 31 December 2023. • The CapitaLand Ascott REIT Group incurred capital expenditure on investment properties of $20,577,000 (2022: $12,925,000), of which $4,143,000 (2022: $2,576,000) was unpaid and included in trade and other payables. The $2,576,000 unpaid as at 31 December 2022 was settled via acquisition fees in Stapled Securities to the REIT Manager during the year. • The CapitaLand Ascott REIT Group incurred capital expenditure on investment properties under development of $42,343,000 (2022: $25,217,000), of which $9,907,000 (2022: $6,221,000) was unpaid and included in trade and other payables. CapitaLand Ascott BT Group During the year, the CapitaLand Ascott BT Group has the following significant non-cash transactions: • A total of 2,350,563 (2022: 2,169,590) Stapled Securities were issued or will be issued as payment of the BT Trustee-Manager’s management fees amounting to $2,329,000 (2022: $2,276,000) in respect of the year ended 31 December 2023. • The CapitaLand Ascott BT Group acquired property, plant and equipment with an aggregate cost of $11,925,000 (2022: $1,640,000) of which $1,026,000 (2022: $Nil) was unpaid and included in trade and other payables. Stapled Group During the year, the Stapled Group has the following significant non-cash transactions: • A total of 22,134,460 (2022: 18,634,723) Stapled Securities were issued or will be issued as payment of the REIT Manager’s management fees amounting to $22,340,000 (2022: $19,481,000) in respect of the year ended 31 December 2023. • A total of 2,350,563 (2022: 2,169,590) Stapled Securities were issued or will be issued as payment of the BT Trustee-Manager’s management fees amounting to $2,329,000 (2022: $2,276,000) in respect of the year ended 31 December 2023. • The Stapled Group incurred capital expenditure on investment properties of $21,088,000 (2022: $13,432,000), of which $4,143,000 (2022: $2,576,000) was unpaid and included in trade and other payables. The $2,576,000 unpaid as at 31 December 2022 was settled via acquisition fees in Stapled Securities to the REIT Manager during the year. • The Stapled Group incurred capital expenditure on investment properties under development of $42,343,000 (2022: $25,217,000), of which $9,907,000 (2022: $6,221,000) was unpaid and included in trade and other payables. • The Stapled Group acquired property, plant and equipment with an aggregate cost of $35,320,000 (2022: $12,487,000) of which $1,026,000 (2022: $Nil) was unpaid and included in trade and other payables. 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 193
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