Year ended 31 December 2024 Statement of Cash Flows Group 2024 2023 $’000 $’000 Cash flows from financing activities Distributions paid to Unitholders (758,529) (708,177) Distributions paid to non-controlling interests (12,463) (7,924) Interest paid (341,294) (329,590) Payment of issue and financing expenses (24,188) (7,833) Payment of lease liabilities (2,580) (1,952) Proceeds from issue of units 1,107,592 – Proceeds from loans and borrowings 3,388,752 2,602,487 Proceeds from loans and borrowings from non-controlling interests 4,361 – Repayment of loans and borrowings (3,869,626) (2,695,045) Return of capital to non-controlling interest – (588) Net cash used in financing activities (507,975) (1,148,622) Net increase/(decrease) in cash and cash equivalents 15,658 (107,696) Cash and cash equivalents at beginning of the year 140,700 248,396 Cash and cash equivalents at end of the year (Note 13) 156,358 140,700 Note: Significant Non-Cash Transactions • In 2024, 22,835,333 (2023: 22,601,089) Units were issued to the Manager as payment for the management fees payable in units, amounting to $45,884,000 (2023: $44,643,000). • In 2024, 9,041,779 Units (2023: Nil) were issued to the Manager as payment of the acquisition fees payable in units in respect of the acquisition of CapitaLand Retail Singapore Investments Pte. Ltd. (“CRSI”), which holds an indirect 50.0% interest in ION Orchard and ION Orchard Link, amounting to $18,655,000. • In 2024, 59,828,333 Units (2023: Nil) were issued pursuant to CICT’s distribution reinvestment plan in respect of the distribution of 5.45 cents per Unit for the period from 1 July 2023 to 31 December 2023. The accompanying notes form an integral part of these financial statements. 116 CapitaLand Integrated Commercial Trust
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