Notes to the Financial Statements For the financial year ended 31 December 2024 3 MATERIAL ACCOUNTING POLICIES (CONTINUED) 3.9 New standards and interpretations not yet adopted (continued) SFRS(I) 18 Presentation and Disclosures in Financial Statements SFRS(I) 18 replaces SFRS(I) 1-1 Presentation of Financial Statements, carrying forward many of the requirements in SFRS(I) 1-1 unchanged and complementing them with new requirements. In addition, some SFRS(I) 1-1 paragraphs have been moved to SFRS(I) 1-8 Accounting Policies, Changes in Accounting Estimates and Errors and SFRS(I) 7 Financial Instruments: Disclosures. Furthermore, minor amendments to SFRS(I) 1-7 Statement of Cash Flows and SFRS(I) 1-33 Earnings per Share have been made. SFRS(I) 18 introduces new requirements to: • present specified categories and defined subtotals in the statement of profit or loss; • provide disclosures on management-defined performance measures (“MPMs”) in the notes to the financial statements; and • improve aggregation and disaggregation. An entity is required to apply SFRS(I) 18 for annual reporting periods beginning on or after 1 January 2027, with earlier application permitted. The amendments to SFRS(I) 1-7 and SFRS(I) 1-33, as well as the revised SFRS(I) 1-8 and SFRS(I) 7, become effective when an entity applies SFRS(I) 18. SFRS(I) 18 requires retrospective application with specific transition provisions. 4 OTHER INVESTMENTS 2024 2023 $ $ Equity investments designated as at FVOCI Balance at beginning of financial year 8,108,062 5,970,165 Additions 3,825,774 2,384,913 Subscription of preferential offering stapled securities(a) – 220,402 Disposals(b) (10,190,133) – Fair value changes recognised in other comprehensive income (786,517) (467,418) Balance at end of financial year 957,186 8,108,062 (a) During the year ended 31 December 2024, the Company subscribed Nil preferential offering stapled securities (2023: 215,026) in CapitaLand Ascott Trust (“CLAS”), amounting to $Nil (2023: $220,402) as part of CLAS’s fund raising activities. (b) During the year ended 31 December 2024, the Company transferred 11,233,552 (2023: Nil) stapled securities in CLAS, amounting to $10,190,133 (2023: $Nil) to its related corporation, Somerset Capital Pte Ltd. 296 CapitaLand Ascott Trust
RkJQdWJsaXNoZXIy NTkwNzg=