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 Hedging reserve Asset revaluation reserve Total Non- controlling interests Total equity CapitaLand Ascott BT Group $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 At 1 January 2024 745,527 (107,463) (63,369) (264) 85,767 660,198 4,148 664,346 Total comprehensive income for the year Profit for the year – 38,895 – – – 38,895 227 39,122 Effective portion of change in fair values of cash flow hedges – – – 278 – 278 – 278 Net change in fair value of cash flow hedge reclassified to Statement of Total Return – – – (353) – (353) – (353) Realisation of reserves upon divestment – – 2,749 (299) – 2,450 – 2,450 Revaluation surplus on land and buildings (net of tax) – – – – 11,358 11,358 89 11,447 Transfer of reserves upon divestment – 19,087 – – (19,087) – – – Exchange differences arising from translation of foreign operations and foreign currency loans forming part of net investment in foreign operations – – (34,538) – – (34,538) (227) (34,765) Total comprehensive income – 57,982 (31,789) (374) (7,729) 18,090 89 18,179 Transactions with owners, recognised directly in equity Contributions by and distributions to owners BT Trustee-Manager’s management fee payable in Stapled Securities 2,925 – – – – 2,925 – 2,925 Issue expenses relating to equity fund raising * 315 – – – – 315 – 315 BT Trustee-Manager’s acquisition fees payable in Stapled Securities 1,023 – – – – 1,023 – 1,023 Distribution to Stapled Securityholders (42,475) 2,347 – – – (40,128) – (40,128) Distribution to non-controlling interests – – – – – – (488) (488) Total contributions by and distributions to owners (38,212) 2,347 – – – (35,865) (488) (36,353) At 31 December 2024 707,315 (47,134) (95,158) (638) 78,038 642,423 3,749 646,172 * 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. 122 CapitaLand Ascott Trust
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