Statements of Cash Flows Year ended 31 December 2024 CapitaLand Ascott REIT Group CapitaLand Ascott BT Group Stapled Group 2024 2023 2024 2023 2024 2023 $’000 $’000 $’000 $’000 $’000 $’000 Balance brought forward 394,434 (29,645) 110,045 45,077 493,597 3,979 Cash flows from financing activities Distributions to Stapled Securityholders (172,789) (161,366) (40,128) (36,845) (212,917) (198,211) Distributions to perpetual securities holders (13,532) (13,495) – – (13,532) (13,495) Dividends paid to non-controlling interests (3,430) (3,234) (488) (167) (3,513) (3,286) Payment for acquisition of ownership interests in subsidiaries with no change in control (8,489) – – – (8,489) – Proceeds from issuance of Stapled Securities – 165,861 – 137,192 – 303,053 Payment of issue expenses on issuance of Stapled Securities (265) (2,340) (210) (2,095) (475) (4,435) Proceeds from borrowings and issuance of notes 1,263,992 704,147 30,720 51,270 1,294,712 755,417 Proceeds from issuance of perpetual securities 150,000 – – – 150,000 – Repayment of borrowings and notes (1,171,195) (499,073) (30,720) (175,468) (1,201,915) (674,541) Payment of transaction costs on borrowings and notes (5,683) (2,966) (181) (557) (5,864) (3,523) Redemption of perpetual securities (150,000) – – – (150,000) – Payment of transaction costs on issuance of perpetual securities (968) – – – (968) – Payment of lease liabilities (10,025) (9,000) (4,910) (4,890) (10,025) (9,000) Interest paid (96,319) (73,847) (10,535) (12,970) (101,287) (80,369) Change in restricted cash deposits 3,755 (6,084) 237 (1,040) 3,992 (7,124) Net cash (used in)/generated from financing activities (214,948) 98,603 (56,215) (45,570) (260,281) 64,486 Net increase/(decrease) in cash and cash equivalents 179,486 68,958 53,830 (493) 233,316 68,465 Cash and cash equivalents at 1 January 362,898 298,862 60,315 62,303 423,213 361,165 Effect of exchange rate changes on balances held in foreign currency (12,445) (4,922) (2,536) (1,495) (14,981) (6,417) Cash and cash equivalents reclassified to assets held for sale (2,890) – – – (2,890) – Restricted cash deposits reclassified to assets held for sale (204) – – – (204) – Cash and cash equivalents at 31 December (Note 15) 526,845 362,898 111,609 60,315 638,454 423,213 The accompanying notes form an integral part of these financial statements. 148 CapitaLand Ascott Trust
RkJQdWJsaXNoZXIy NTkwNzg=