STATEMENTSOFMOVEMENTS INUNITHOLDERS’ FUNDS Year ended 31 December 2023 The accompanying notes form an integral part of these financial statements. Group Trust 2023 2022 2023 2022 $’000 $’000 $’000 $’000 Net assets attributable to Unitholders at beginning of the year 14,073,447 13,667,754 13,211,016 12,752,268 Operations Total return attributable to Unitholders for the year 862,570 723,369 822,662 753,957 Hedging reserves Effective portion of changes in fair value of cash flow hedges (49,951) (23,324) (17,391) 32,845 Net change in fair value of cash flow hedges reclassified to Statement of Total Return 10,432 28,969 (20,900) (5,109) Movement in foreign currency translation reserves (“FCTR”) (3,680) 2,465 – – Movement in fair value reserves (30,430) (12,179) (25,341) (9,338) Unitholders’ transactions Creation of units – Management fees paid 17,424 16,761 17,424 16,761 – Management fees payable 28,178 27,219 28,178 27,219 – Acquisition fee – 11,228 – 11,228 – Divestment fee – 1,700 – 1,700 Distributions to Unitholders (708,177) (370,515) (708,177) (370,515) Net decrease in net assets resulting from Unitholders’ transactions (662,575) (313,607) (662,575) (313,607) Net assets attributable to Unitholders at end of the year 14,199,813 14,073,447 13,307,471 13,211,016 Non-controlling interests (“NCI”) Group 2023 2022 $’000 $’000 At beginning of the year 205,946 27,946 Total return attributable to NCI 6,648 2,520 Distributions to NCI (9,584) (6,460) Return of capital to NCI (588) – Hedging reserves attributable to NCI (1,177) 2,144 Acquisition of subsidiary (Note 32) – 181,806 Translation differences from financial statements of foreign operations 662 (2,010) At end of the year 201,907 205,946 ANNUAL REPORT 2023 179 Other Information Overview Leadership Performance Framework
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