CapitaLand Integrated Commercial Trust - Annual Report 2021

Notes to the Financial Statements YEAR ENDED 31 DECEMBER 2021 29 FINANCIAL RISK MANAGEMENT (continued) Managing interest rate benchmark reform and associated risks (continued) Cash flow sensitivity analysis for variable rate instruments A reasonably possible change of 100 basis points in interest rate at the reporting date would have increased/ (decreased) the Statement of Total Return and Unitholders’ Funds by the amounts shown below. This analysis assumes that all other variables, in particular foreign currency exchange rates, remain constant. Statement of Total Return Unitholders’ Funds 100 bp increase 100 bp decrease 100 bp increase 100 bp decrease $’000 $’000 $’000 $’000 Group 31 December 2021 Variable rate instruments (23,838) 23,838 – – Interest rate swaps and cross currency swaps 14,129 (14,129) 19,196 (19,196) Cash flow sensitivity (net) (9,709) 9,709 19,196 (19,196) 31 December 2020 Variable rate instruments (28,729) 28,729 – – Interest rate swaps and cross currency swaps 16,263 (16,263) 17,150 (17,150) Cash flow sensitivity (net) (12,466) 12,466 17,150 (17,150) Trust 31 December 2021 Variable rate instruments (13,852) 13,852 – – Interest rate swaps 7,350 (7,350) 12,825 (12,825) Cash flow sensitivity (net) (6,502) 6,502 12,825 (12,825) 31 December 2020 Variable rate instruments (12,029) 12,029 – – Interest rate swaps 1,800 (1,800) 8,839 (8,839) Cash flow sensitivity (net) (10,229) 10,229 8,839 (8,839) Equity price risk The Group’s and Trust’s exposure to change in equity price relates to equity investments at FVOCI in quoted equity securities listed in Singapore and/or Malaysia. Sensitivity analysis As at 31 December 2021, if the price for the quoted equity securities increased by 5.0% with all other variables being held constant, the increase in Unitholders’ Funds of the Group and the Trust would be $9.7 million (2020: $10.9 million) and $7.9 million (2020: $9.3 million) respectively. A similar 5.0% decrease in the price would have an equal but opposite effect. Annual Report 2021 291