Notes to the Financial Statements Year ended 31 December 2024 11 FINANCIAL DERIVATIVES CapitaLand Ascott REIT Group CapitaLand Ascott BT Group Stapled Group 2024 2023 2024 2023 2024 2023 $’000 $’000 $’000 $’000 $’000 $’000 Financial derivative assets Non-current Interest rate swaps 16,564 21,684 – – 16,564 21,684 Cross currency interest rate swaps 74,923 62,969 – 209 74,923 63,178 91,487 84,653 – 209 91,487 84,862 Current Interest rate swaps 1,247 1,376 – – 1,247 1,376 Currency forwards – 69 – – – 69 Cross currency interest rate swaps 29,790 5,861 3,409 – 33,199 5,861 31,037 7,306 3,409 – 34,446 7,306 Financial derivative liabilities Non-current Interest rate swaps (569) (5,923) (575) (566) (1,144) (6,489) Cross currency interest rate swaps – (1,177) – – – (1,177) (569) (7,100) (575) (566) (1,144) (7,666) At the reporting date, the notional principal amounts of the financial instruments were as follows: CapitaLand Ascott REIT Group CapitaLand Ascott BT Group Stapled Group 2024 2023 2024 2023 2024 2023 $’000 $’000 $’000 $’000 $’000 $’000 Interest rate swaps 901,693 799,304 31,688 32,813 933,381 832,117 Cross currency interest rate swaps 771,415 776,964 34,088 34,302 805,503 811,266 Currency forwards – 7,019 – – – 7,019 1,673,108 1,583,287 65,776 67,115 1,738,884 1,650,402 192 CapitaLand Ascott Trust
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