Statements of Movements in Stapled Securityholders’ Funds Year ended 31 December 2024 Attributable to Stapled Securityholders Stapled Securities in issue Revenue reserve Foreign currency translation reserve Capital reserve Hedging reserve Total Perpetual securities Noncontrolling interests Total equity CapitaLand Ascott REIT Group $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 At 1 January 2023 2,428,769 1,365,474 (379,363) 724 33,964 3,449,568 396,298 81,446 3,927,312 Total return/(loss) for the year – 225,085 – – – 225,085 – (1,605) 223,480 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 – – – – 3,007 3,007 – – 3,007 Net change in fair value of cash flow hedge reclassified to Statement of Total Return – – – – (15,369) (15,369) – – (15,369) Realisation of reserves upon divestment – – 8,002 – – 8,002 – – 8,002 Exchange differences arising from translation of foreign operations and foreign currency loans forming part of net investment in foreign operations – – 13,007 – – 13,007 – (945) 12,062 Total other comprehensive income – – 21,009 – (12,362) 8,647 – (945) 7,702 Transactions with owners, recognised directly in equity Contributions by and distributions to owners REIT Manager’s management fee payable in Stapled Securities 22,340 – – – – 22,340 – – 22,340 Issue of Stapled Securities under equity fund raising 165,861 – – – – 165,861 – – 165,861 Issue expenses relating to equity fund raising (3,180) – – – – (3,180) – – (3,180) REIT Manager’s acquisition fees payable in Stapled Securities 2,982 – – – – 2,982 – – 2,982 Distribution to Stapled Securityholders (111,362) (50,004) – – – (161,366) – – (161,366) Distribution to perpetual securities holders – – – – – – (13,495) – (13,495) Distribution to non-controlling interests – – – – – – – (3,234) (3,234) Total contributions by and distributions to owners 76,641 (50,004) – – – 26,637 (13,495) (3,234) 9,908 The accompanying notes form an integral part of these financial statements. 117 Annual Report 2024
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