Statements of Movements in Unitholders’ Funds Year ended 31 December 2024 The accompanying notes form an integral part of these financial statements. Group Trust 2024 2023 2024 2023 $’000 $’000 $’000 $’000 Net assets attributable to Unitholders at beginning of the year 14,199,813 14,073,447 13,307,471 13,211,016 Operations Total return attributable to Unitholders for the year 933,683 862,570 1,235,669 822,662 Hedging reserves Effective portion of changes in fair value of cash flow hedges 47,085 (49,951) 6,944 (17,391) Net change in fair value of cash flow hedges reclassified to Statement of Total Return (44,848) 10,432 (15,978) (20,900) Share of net fair value changes on cash flow hedges of joint ventures 907 – – – Movement in foreign currency translation reserves (“FCTR”) 14,232 (3,680) – – Movement in fair value reserves (26,639) (30,430) (28,010) (25,341) Unitholders’ transactions Creation of units – Management fees paid 17,706 17,424 17,706 17,424 – Management fees payable 30,114 28,178 30,114 28,178 – Acquisition fee 18,655 – 18,655 – – Distribution reinvestment plan 115,543 – 115,543 – – Private placement 350,343 – 350,343 – – Preferential offering 757,249 – 757,249 – 1,289,610 45,602 1,289,610 45,602 Issue expenses (15,315) – (15,315) – Distributions to Unitholders (874,072) (708,177) (874,072) (708,177) Net increase/(decrease) in net assets resulting from Unitholders’ transactions 400,223 (662,575) 400,223 (662,575) Net assets attributable to Unitholders at end of the year 15,524,456 14,199,813 14,906,319 13,307,471 Non-controlling interests (“NCI”) Group 2024 2023 $’000 $’000 At beginning of the year 201,907 205,946 Total return attributable to NCI 8,094 6,648 Distributions to NCI (10,945) (9,584) Return of capital to NCI – (588) Hedging reserves attributable to NCI (802) (1,177) Translation differences from financial statements of foreign operations (539) 662 At end of the year 197,715 201,907 111 Annual Report 2024
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