Capital Management Cashflows and Liquidity CICT Group takes a proactive role in monitoring its cash flow position and requirements to ensure sufficient liquidity and adequate funding is available for distribution to the Unitholders as well as to meet any short-term obligations. During the year, S$115.5 million was retained from distributable income under the Distribution Reinvestment Plan (DRP) and used for repayment of loans and borrowings and general corporate and working capital purposes. The DRP provides Unitholders with the opportunity to receive units in CICT without incurring additional costs while preserving our working capital. As at 31 December 2024, the value of cash and cash equivalents of CICT Group stood at S$156.4 million, an increase of S$15.7 million compared with S$140.7 million as at 31 December 2023 mainly due to higher net income. Medium Term Notes Secured Bank Loans Unsecured Bank Loans Proportionate share of borrowings in CapitaSpring and ION Orchard 2025 2027 2031 2028 2032 2033 2034 2026 2030 2029 2035 1,022 1,215 1,941 1,921 1,498 1,111 475 DEBT MATURITY PROFILE1 AS AT 31 DECEMBER 2024 (S$ MILLION) 188 2 164 981 636 351 740 250 258 300 200 175 305 752 543 832 299 417 475 460 814 647 407 10% 12% 19% 18% 15% 11% 3% 2% 3% 5% 2% 1 Based on CICT Group’s borrowings, including proportionate share of borrowings in joint ventures as at 31 December 2024. Foreign Exchange Risk Management CICT Group manages foreign exchange risks through natural and forward hedges. For CICT Group’s Germany and Australia properties, Euro and Australian dollar denominated borrowings were obtained as a hedge for CICT’s net investment value. In addition, any anticipated net dividends from the overseas properties were hedged with forward foreign exchange contracts. Accounting Policies The financial statements have been prepared in accordance with the Statement of Recommended Accounting Practice 7 Reporting Framework for Investment Funds (RAP 7) issued by the Institute of Singapore Chartered Accountants, the applicable requirements of the Code on Collective Investment Schemes issued by the Monetary Authority of Singapore and the provisions of the Trust Deed. RAP 7 requires that the accounting policies adopted generally comply with the principles relating to recognition and measurement of the Singapore Financial Reporting Standards. 32 CapitaLand Integrated Commercial Trust
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