Page 95 - ar2013

Financial

Statements

Management Reports

93

Notes:

(A) Significant non–cash and other transactions

(i)

$3.1 million (2012: $3.0 million) of the $4.1 million (2012: $4.0 million) of the performance component

of the Manager’s management fee was paid during the year through the issue of 2,074,331 Units (2012:

2,276,951 Units). The remaining $1.0 million (2012: $1.0 million) will be paid through the issue of 786,472

new Units (2012: 594,927 new Units) subsequent to the year end.

(ii) The Group incurred $36.1 million to purchase investment property in 2008, of which $43,000 and

$1.7 million were paid in 2013 and 2012 respectively.

(iii) The Group enhanced its investment properties during the year, of which $6.6million (2012: $4.7 million)

was paid. During the year, the Group paid $1.3million (2012: $5.2million) of the prior years unpaid balance.

(B) Significant non–cash and other transactions

Net cash outflows on acquisition of subsidiaries are provided below:

Group

2013

2012

$’000

Investment property

380,459

–

Cash

8,293

–

Other assets

2,861

–

Other liabilities

(248,710)

–

Net identifiable assets and liabilities acquired

142,903

–

Cash consideration paid

(142,903)

–

Cash acquired

8,293

–

Net cash outflow

(134,610)

–

The accompanying notes form an integral part of these financial statements.