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 Non- controlling interests Total equity CapitaLand Ascott REIT Group $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 At 1 January 2024 2,505,410 1,526,773 (358,354) 724 21,602 3,696,155 396,298 75,949 4,168,402 Total return for the year – 208,342 – – – 208,342 – 2,815 211,157 Total return attributable to perpetual securities holders – (14,413) – – – (14,413) 14,413 – – Other comprehensive income Effective portion of change in fair values of cash flow hedges – – – – 16,923 16,923 – – 16,923 Net change in fair value of cash flow hedge reclassified to Statement of Total Return – – – – (17,342) (17,342) – – (17,342) Realisation of reserves upon divestment – – 7,790 – – 7,790 – – 7,790 Exchange differences arising from translation of foreign operations and foreign currency loans forming part of net investment in foreign operations – – (15,895) – – (15,895) – (3,081) (18,976) Total other comprehensive income – – (8,105) – (419) (8,524) – (3,081) (11,605) Transactions with owners, recognised directly in equity Contributions by and distributions to owners REIT Manager’s management fee payable in Stapled Securities 23,663 – – – – 23,663 – – 23,663 Issue expenses relating to equity fund raising* 575 – – – – 575 – – 575 Issuance of perpetual securities – – – – – – 150,000 – 150,000 Issue expenses relating to perpetual securities – – – – – – (1,004) – (1,004) Redemption of perpetual securities – – – – – – (150,000) – (150,000) REIT Manager’s acquisition fees payable in Stapled Securities 4,177 – – – – 4,177 – – 4,177 Distribution to Stapled Securityholders (87,576) (85,213) – – – (172,789) – – (172,789) Distribution to perpetual securities holders – – – – – – (13,532) – (13,532) Distribution to non-controlling interests – – – – – – – (3,430) (3,430) Total contributions by and distributions to owners (59,161) (85,213) – – – (144,374) (14,536) (3,430) (162,340) * Credited against Stapled Securityholders’ funds due to reversal of over provision of issue expenses The accompanying notes form an integral part of these financial statements. 119 Annual Report 2024
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