Distribution Statement Year ended 31 December 2024 Group 2024 2023 $’000 $’000 Amount available for distribution to Unitholders at beginning of the year 371,657 364,108 Total return attributable to Unitholders 933,683 862,570 Net tax and other adjustments (Note A) (217,106) (168,722) Tax-exempt income 15,512 3,352 Capital distributions 7,585 22,518 Distribution income from joint ventures 21,918 8,768 761,592 728,486 Amount available for distribution to Unitholders 1,133,249 1,092,594 Distributions to Unitholders during the year: Distribution of 5.36 cents per unit for period from 01/07/2022 to 31/12/2022 – (355,643) Distribution of 5.30 cents per unit for period from 01/01/2023 to 30/06/2023 – (352,534) Distribution of 5.45 cents per unit for period from 01/07/2023 to 31/12/2023 (362,854) – Distribution of 5.43 cents per unit for period from 01/01/2024 to 30/06/2024 (365,687) – Advanced Distribution of 2.16 cents per unit for period from 01/07/2024 to 11/09/2024 (145,531) – (874,072) (708,177) Amount retained for general corporate and working capital purposes (Note B) (9,381) (12,760) Amount available for distribution to Unitholders at end of the year 249,796 371,657 Distribution per unit (cents)1 10.88 10.75 1 The Distribution per unit relates to the distributions in respect of the relevant financial year. The distribution relating to the period 12 September to 31 December 2024 will be paid after 31 December 2024. Note A – Net tax and other adjustments comprise: Group 2024 2023 $’000 $’000 – Management fees paid and payable in Units 47,055 44,866 – Trustee’s fees 3,268 3,194 – Amortisation of transaction costs 6,790 5,921 – Net change in fair value of investment properties1 (155,968) (118,830) – Profit of subsidiaries (41,386) (59,033) – Share of results (net of tax) of joint ventures (33,756) (15,579) – Taxation1 (6,124) 10,535 – Gain on divestment of investment property (32,765) – – Temporary differences and other adjustments2 (3,798) (43,851) – Rollover adjustments3 (422) 4,055 Net tax and other adjustments (217,106) (168,722) 1 These exclude the non-controlling interests’ share of Gallileo Property S.a.r.l. (“Gallileo Co.”), MAC Property Company B.V. and MAC Car Park Company B.V. (“MAC entities”) and 79RR LLP. 2 For FY 2024, these include mainly accounting effect of the purchase price allocation adjustment of certain fixed rate borrowings. For FY 2023, these include the government grant income of $34.4 million in relation to the construction of underground pedestrian link at Funan and the accounting effect of the purchase price allocation adjustment of certain fixed rate borrowings. 3 These relate to the differences between taxable income previously distributed and the quantum finally agreed with Inland Revenue Authority of Singapore (“IRAS”). Note B Amount retained for general corporate and working capital in financial year 2024 relates to distribution income received from CapitaLand China Trust (“CLCT”) of $8.0 million (2023: $9.5 million) and Sentral REIT of $1.4 million (2023: $3.2 million). The accompanying notes form an integral part of these financial statements. 110 CapitaLand Integrated Commercial Trust
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