CapitaLand Integrated Commercial Trust - Annual Report 2021

Group Trust Note 2021 2020 2021 2020 $’000 $’000 $’000 $’000 Non-current assets Plant and equipment 4 6,121 7,064 2,092 2,638 Investment properties 5 21,431,071 21,366,075 7,814,943 8,028,300 Subsidiaries 6 – – 9,877,779 9,410,942 Joint ventures 7 320,347 508,119 212,284 208,875 Equity investments at fair value 8 193,168 218,686 158,723 185,399 Financial derivatives 9 20,639 31,064 1,014 – Deferred tax asset 10 6,855 10,412 – – Other non-current asset 1,608 1,975 911 890 21,979,809 22,143,395 18,067,746 17,837,044 Current assets Asset held for sale 11 278,000 – 278,000 – Trade and other receivables 12 108,668 83,000 179,010 82,463 Cash and cash equivalents 13 365,133 183,617 165,962 29,320 Financial derivatives 9 10,240 6,366 45 – 762,041 272,983 623,017 111,783 Total assets 22,741,850 22,416,378 18,690,763 17,948,827 Current liabilities Financial derivatives 9 – 8,677 – – Trade and other payables 14 557,481 293,008 418,622 134,442 Current portion of security deposits 94,318 90,533 45,855 41,450 Loans and borrowings 15 594,641 931,932 189,218 414,492 Lease liabilities 16 2,261 2,248 1,522 2,008 Provision for taxation 10,108 7,435 412 – 1,258,809 1,333,833 655,629 592,392 Non-current liabilities Financial derivatives 9 32,428 60,285 2,034 9,980 Trade and other payables 14 1,072 1,467 495,000 633,900 Loans and borrowings 15 7,582,636 7,794,313 4,710,064 4,132,420 Lease liabilities 16 5,963 6,442 4,963 6,442 Non-current portion of security deposits 153,578 147,394 70,805 69,474 Deferred tax liabilities 10 11,664 4,706 – – 7,787,341 8,014,607 5,282,866 4,852,216 Total liabilities 9,046,150 9,348,440 5,938,495 5,444,608 Net assets 13,695,700 13,067,938 12,752,268 12,504,219 Represented by: Unitholders’ funds 17 13,667,754 13,037,638 12,752,268 12,504,219 Non-controlling interests (“NCI”) 18 27,946 30,300 – – 13,695,700 13,067,938 12,752,268 12,504,219 Units in issue (’000) 19 6,608,618 6,470,704 6,608,618 6,470,704 Net asset value per unit attributable to Unitholders 1 ($) 2.06 2.01 1.93 1.93 1 Excludes management fees to be issued in units. Statements of Financial Position AS AT 31 DECEMBER 2021 The accompanying notes form an integral part of these financial statements. CapitaLand Integrated Commercial Trust 218