Statements of movements in Unitholders’ funds Year ended 31 December 2024 Group Trust 2024 2023 2024 2023 $’000 $’000 $’000 $’000 Operations Unitholders’ funds as at beginning of the year 2,039,854 2,306,231 1,022,240 1,160,483 Change in Unitholders’ funds resulting from operations (14,682) 40,826 100,113 (4,691) Total return attributable to perpetual securities holders (3,384) (3,375) (3,384) (3,375) Transfer to general reserve (7,767) (7,834) – – Net (decrease)/increase in net assets resulting from operations (25,833) 29,617 96,729 (8,066) Movements in hedging reserve Effective portion of changes in fair value of cash flow hedges (11,624) (26,826) (11,624) (26,826) Movements in foreign currency translation reserve Translation differences from financial statements of foreign operations (7,696) (155,221) – – Exchange differences on monetary items forming part of net investment in foreign operations 5,910 (18,383) – – Exchange differences on hedges of net investment in foreign operations (6,137) (47) – – Net loss recognised directly in Unitholders’ funds (19,547) (200,477) (11,624) (26,826) Movement in general reserve 7,767 7,834 – – Unitholders’ transactions Creation of Units payable/paid to manager – Units issued and to be issued as satisfaction of the portion of Manager’s management fees payable in Units 13,880 14,931 13,880 14,931 Units issued in respect of the distribution reinvestment plan 12,490 1,794 12,490 1,794 26,370 16,725 26,370 16,725 Distributions to Unitholders (101,967) (120,076) (101,967) (120,076) Net decrease in net assets resulting from Unitholders’ transactions (75,597) (103,351) (75,597) (103,351) Unitholders’ funds as at end of the year 1,926,644 2,039,854 1,031,748 1,022,240 Perpetual securities holders’ funds Balance as at beginning of the year 99,610 99,610 99,610 99,610 Amount reserved for distribution to perpetual securities holders 3,384 3,375 3,384 3,375 Distributions to perpetual securities holders (3,384) (3,375) (3,384) (3,375) Balance as at end of the year 99,610 99,610 99,610 99,610 The accompanying notes form an integral part of these financial statements. 92 CapitaLand China Trust
RkJQdWJsaXNoZXIy NTM2MDQ5