CapitaLand Integrated Commercial Trust - Annual Report 2021

Group 2021 2020 $’000 $’000 Amount available for distribution to Unitholders at beginning of the year 119,914 121,717 Total return attributable to Unitholders 1,083,086 349,819 Net tax and other adjustments (Note A) (438,374) (7,006) Tax-exempt income from subsidiaries and joint venture 28,442 – Distribution income (taxable) from joint ventures 14,262 32,832 687,416 375,645 Amount available for distribution to Unitholders 807,330 497,362 Distributions to Unitholders during the year: Distribution of 3.11 cents per unit for period from 01/10/2019 to 31/12/2019 – (114,722) Distribution of 0.85 cents per unit for period from 01/01/2020 to 31/03/2020 – (31,366) Distribution of 2.11 cents per unit for period from 01/04/2020 to 30/06/2020 – (77,862) Distribution of 3.10 cents per unit for period from 01/07/2020 to 30/09/2020 – (114,661) Distribution of 0.89 cents per unit for period from 01/10/2020 to 20/10/2020 – (32,576) Distribution of 1.74 cents per unit for period from 21/10/2020 to 31/12/2020 (112,590) – Distribution of 5.18 cents per unit for period from 01/01/2021 to 30/06/2021 (335,456) – (448,046) (371,187) Amount retained for general corporate and working capital purposes (Note B) (12,703) (12,511) Release of taxable income retained at RCS Trust – 6,250 Amount available for distribution to Unitholders at end of the year 346,581 119,914 Distribution per unit (cents) 1 10.40 8.69 1 The Distribution per unit relates to the distributions in respect of the relevant financial year. The distribution relating to the period 1 July to 31 December 2021 will be paid after 31 December 2021. Note A – Net tax and other adjustments comprise: Group 2021 2020 $’000 $’000 – Management fees paid and payable in Units 40,378 6,194 – Trustee’s fees 2,997 1,806 – Amortisation of transaction costs 7,300 2,756 – Net change in fair value of investment properties 1 (271,893) 393,164 – Profit from subsidiaries (60,888) (8,228) – Share of results (net of tax) of joint ventures (140,202) 14,106 – Taxation 1 18,712 (32) – Gain relating to negative goodwill arising from the Merger – (430,003) – Temporary differences and other adjustments (34,660) 13,692 – Rollover adjustments (118) (461) Net tax and other adjustments (438,374) (7,006) 1 These exclude the non-controlling interests’ share of Gallileo Property S.a.r.l. (“Gallileo Co.”) and MAC Property Company B.V. and MAC Car Park Company B.V. (“MAC entities”). Note B Amount retained for general corporate and working capital in financial year 2021 relates to distribution income received fromCapitaLand China Trust (“CLCT”) of $10.0 million (2020: $12.5 million) and Sentral REIT of $2.7 million (2020: Nil). Distribution Statement YEAR ENDED 31 DECEMBER 2021 The accompanying notes form an integral part of these financial statements. CapitaLand Integrated Commercial Trust 220