Statements of Financial Position As at 31 December 2024 CapitaLand Ascott REIT Group CapitaLand Ascott BT Group Stapled Group Note 2024 2023 2024 2023 2024 2023 $’000 $’000 $’000 $’000 $’000 $’000 Non-current assets Investment properties 4 6,556,284 6,498,182 419,331 424,990 6,561,673 6,501,017 Property, plant and equipment 5 68,907 47,348 584,365 602,005 1,007,178 1,001,941 Investment properties under development 6 279,000 268,000 – – 279,000 268,000 Investment securities 7 1,977 2,454 – – – – Associate 10 2,977 2,985 – – 2,977 2,985 Financial derivative assets 11 91,487 84,653 – 209 91,487 84,862 Deferred tax assets 12 15,069 10,595 3,828 3,983 18,897 14,578 7,015,701 6,914,217 1,007,524 1,031,187 7,961,212 7,873,383 Current assets Inventories 167 91 518 456 685 547 Trade and other receivables 13 320,849 316,041 22,107 13,714 112,441 109,556 Assets held for sale 14 67,251 211,599 – 95,628 67,251 307,227 Financial derivative assets 11 31,037 7,306 3,409 – 34,446 7,306 Cash and cash equivalents 15 529,563 369,371 114,492 63,435 644,055 432,806 948,867 904,408 140,526 173,233 858,878 857,442 Total assets 7,964,568 7,818,625 1,148,050 1,204,420 8,820,090 8,730,825 Non-current liabilities Financial liabilities 16 2,792,879 2,385,856 80,528 100,143 2,873,407 2,485,999 Financial derivative liabilities 11 569 7,100 575 566 1,144 7,666 Trade and other payables 17 62,670 – 7,515 8,135 70,185 8,135 Deferred income 18 8,986 7,969 2,668 747 11,654 8,716 Deferred tax liabilities 12 166,847 154,002 43,623 41,323 210,470 195,325 Lease liabilities 19 229,639 253,677 54,803 64,412 229,639 253,677 3,261,590 2,808,604 189,712 215,326 3,396,499 2,959,518 Current liabilities Financial liabilities 16 251,831 529,122 48,281 33,240 300,112 562,362 Liabilities held for sale 14 23,955 – – – 23,955 – Trade and other payables 17 206,400 286,577 256,682 285,654 232,567 352,032 Deferred income 18 425 425 111 120 536 545 Current tax liabilities 12,335 15,207 1,859 579 14,194 15,786 Lease liabilities 19 10,907 10,288 5,233 5,155 10,907 10,288 505,853 841,619 312,166 324,748 582,271 941,013 Total liabilities 3,767,443 3,650,223 501,878 540,074 3,978,770 3,900,531 Net assets 4,197,125 4,168,402 646,172 664,346 4,841,320 4,830,294 Represented by: Stapled Securityholders’ funds 20 3,734,556 3,696,155 642,423 660,198 4,376,979 4,356,353 Perpetual securities holders 21 396,175 396,298 – – 396,175 396,298 Non-controlling interests 9 66,394 75,949 3,749 4,148 68,166 77,643 4,197,125 4,168,402 646,172 664,346 4,841,320 4,830,294 Stapled Securities in issue (’000) 21 3,796,166 3,763,304 3,796,166 3,763,304 3,796,166 3,763,304 Net asset value per Stapled Security ($) 0.98 0.98 0.17 0.18 1.15 1.16 The accompanying notes form an integral part of these financial statements. 113 Annual Report 2024
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