Page 85 - Report_to_Unitholders_2012

Statements of Movements in
Unitholders’ Funds
Year ended 31 December 2012
Group Trust
2012 2011 2012 2011
$’000 $’000 $’000 $’000
Unitholders’ funds as at beginning of the year 913,839 734,507 508,760 475,140
Operations
Change in Unitholders’ funds resulting from operations 137,000 119,683 (6,542) 17,483
Transfer to general reserve (2,706) (1,904) – –
Net increase/(decrease) in net assets resulting from
operations 134,294 117,779 (6,542) 17,483
Movements in hedging reserve
Effective portion of changes in fair value of cash flow
hedges 749 (1,638) 749 (1,638)
Movements in foreign currency translation reserve
Translation differences from financial statements of
foreign operations (35,536) 29,735 – –
Exchange differences on monetary items forming part
of net investment in foreign operations (50,648) 8,362 – –
Exchange differences on hedges of net investment in
foreign operations 11,764 5,415 – –
Net (loss)/gain recognised directly in Unitholders’
funds (73,671) 41,874 749 (1,638)
Movement in general reserve 2,706 1,904 – –
Unitholders’ transactions
New Units issued 86,070 70,000 86,070 70,000
Creation of Units paid/payable to Manager
- Units issued and to be issued as satisfaction of the
portion of Manager’s management fees payable in
Units 3,987 3,432 3,987 3,432
- Units issued in respect of acquisition fees for
CapitaMall Minzhongleyuan – 1,141 – 1,141
Distributions to Unitholders (85,983) (52,775) (85,983) (52,775)
Equity issue expenses (2,500) (4,023) (2,500) (4,023)
Net increase in net assets resulting from
Unitholders’ transactions 1,574 17,775 1,574 17,775
Unitholders’ funds as at end of year 978,742 913,839 504,541 508,760
The accompanying notes form an integral part of these financial statements.
CapitaRETAIL china trust | Report to UNITHOLDERS 2012 83