NOTES TO THE FINANCIAL STATEMENTS Year ended 31 December 2023 29. CAPITAL AND FINANCIAL RISK MANAGEMENT (continued) Financial assets and liabilities subject to offsetting and enforceable master netting arrangement under termination events Gross amounts of recognised financial instruments Gross amount of recognised financial instruments offset in the statement of financial position Net amounts of financial instruments presented in the statement of financial position Related amounts not offset in the statement of financial position Net amounts $’000 $’000 $’000 $’000 $’000 31 December 2023 Financial assets Interest rate swaps 19,657 – 19,657 (2,718) 16,939 Forwards 570 – 570 – 570 20,227 – 20,227 (2,718) 17,509 Financial liabilities Interest rate swaps 3,987 – 3,987 (2,718) 1,269 Cross currency interest rate swap 1,362 – 1,362 – 1,362 Forwards – – – – – 5,349 – 5,349 (2,718) 2,631 31 December 2022 Financial assets Interest rate swaps 42,694 – 42,694 (792) 41,902 Forwards 1,670 – 1,670 – 1,670 44,364 – 44,364 (792) 43,572 Financial liabilities Interest rate swaps 825 – 825 (792) 33 Forwards – – – – – 825 – 825 (792) 33 30. SUBSEQUENT EVENTS • On 23 January 2024, the Group announced that it has completed the divestment of its entire equity interest in CapitaRetail Beijing Shuangjing Real Estate Co., Ltd. which holds CapitaMall Shuanging. The aggregate consideration payable by the buyer is RMB849.2 million (approximately $158.2 million). • On 30 January 2024, the Manager declared a distribution of 3.00 cents per Unit to Unitholders in respect of the period from 1 July 2023 to 31 December 2023. ANNUAL REPORT 2023 223 Financials Framework Portfolio Performance Leadership Overview
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