146 CapitaLand Ascott Trust Statements of Cash Flows Year ended 31 December 2025 CapitaLand Ascott REIT Group CapitaLand Ascott BT Group Stapled Group 2025 $’000 2024 $’000 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Balance brought forward 271,919 394,434 28,138 110,045 289,665 493,597 Cash flows from financing activities Distributions to Stapled Securityholders (185,338) (172,789) (45,909) (40,128) (231,247) (212,917) Distributions to perpetual securities holders (14,407) (13,532) – – (14,407) (13,532) Dividends paid to non-controlling interests (3,763) (3,430) (168) (488) (3,855) (3,513) Contribution from non-controlling interests – – 59 – 59 – Payment for acquisition of ownership interests in subsidiaries with no change in control – (8,489) – – – (8,489) Payment of issue expenses on issuance of Stapled Securities – (265) – (210) – (475) Proceeds from borrowings and issuance of notes 1,286,047 1,263,992 50,000 30,720 1,336,047 1,294,712 Proceeds from issuance of perpetual securities 260,000 150,000 – – 260,000 150,000 Repayment of borrowings and notes (1,244,624) (1,171,195) (45,249) (30,720) (1,289,873) (1,201,915) Payment of transaction costs on borrowings and notes (3,218) (5,683) (284) (181) (3,502) (5,864) Redemption of perpetual securities (250,000) (150,000) – – (250,000) (150,000) Payment of transaction costs on issuance of perpetual securities (1,764) (968) – – (1,764) (968) Payment of lease liabilities (10,419) (10,025) (5,282) (4,910) (10,419) (10,025) Interest paid (97,611) (96,319) (9,292) (10,535) (101,869) (101,287) Change in restricted cash deposits (54) 3,755 201 237 147 3,992 Net cash used in financing activities (265,151) (214,948) (55,924) (56,215) (310,683) (260,281) Net increase/(decrease) in cash and cash equivalents 6,768 179,486 (27,786) 53,830 (21,018) 233,316 Cash and cash equivalents at 1 January 526,845 362,898 111,609 60,315 638,454 423,213 Effect of exchange rate changes on balances held in foreign currency (7,273) (12,445) (1,487) (2,536) (8,760) (14,981) 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) 526,340 526,845 82,336 111,609 608,676 638,454 The accompanying notes form an integral part of these financial statements.
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