STATEMENT OF CASH FLOWS Year ended 31 December 2023 The accompanying notes form an integral part of these financial statements. Group 2023 2022 $’000 $’000 Cash flows from financing activities Distributions paid to Unitholders (708,177) (684,847) Distributions paid to non-controlling interests (7,924) (3,989) Interest paid (329,590) (237,409) Payment of issue and financing expenses (7,833) (10,930) Payment of lease liabilities (1,952) (2,635) Proceeds from loans and borrowings 2,602,487 4,376,135 Proceeds from loans and borrowings from non-controlling interests – 34,200 Repayment of loans and borrowings (2,695,045) (3,684,777) Return of capital to non-controlling interest (588) – Net cash used in financing activities (1,148,622) (214,252) Net decrease in cash and cash equivalents (107,696) (116,737) Cash and cash equivalents at beginning of the year 248,396 365,133 Cash and cash equivalents at end of the year (Note 13) 140,700 248,396 Note: Significant Non-Cash Transactions • In 2023, 22,601,089 (2022: 20,642,852) Units were issued to the Manager as payment for the management fees payable in units, amounting to $44,643,000 (2022: $42,125,000). • In 2022, 804,962 Units were issued to the Manager as payment for the divestment fees payable in units in respect of the divestment of JCube, amounting to $1,700,000. • In 2022, 5,056,101 Units were issued to the Manager as payment for the acquisition fees payable in units in respect of the acquisitions of 66 Goulburn Street and 100 Arthur Street as well as CapitaSky, amounting to $11,228,000. 184 CAPITALAND INTEGRATED COMMERCIAL TRUST
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