36 CapitaLand Integrated Commercial Trust 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. As at 31 December 2025, the value of cash and cash equivalents of CICT Group stood at S$149.5 million, a decrease of S$6.9 million compared with S$156.4 million as at 31 December 2024 mainly due to capital expenditure incurred in respect of the asset enhancement works, which is partially offset by higher net income. Foreign Exchange Risk Management CICT Group manages foreign exchange risks through natural and forward hedges. For CICT Group’s Germany and Australia properties, Euro and Australian dollar denominated borrowings were obtained as a hedge for CICT’s net investment value. In addition, any anticipated net dividends from the overseas properties were hedged with forward foreign exchange contracts. Accounting Policies The financial statements have been prepared in accordance with the Statement of Recommended Accounting Practice 7 Reporting Framework for Investment Funds (RAP 7) issued by the Institute of Singapore Chartered Accountants, the applicable requirements of the Code on Collective Investment Schemes issued by the Monetary Authority of Singapore and the provisions of the Trust Deed. RAP 7 requires that the accounting policies adopted generally comply with the principles relating to recognition and measurement of the Singapore Financial Reporting Standards. Capital Management Debt Maturity Profile1 as at 31 December 2025 (S$ million) 651 1,111 2,629 1,871 1,551 1,164 840 475 258 299 417 460 440 407 354 1,110 1,076 475 305 700 140 859 175 300 200 915 814 694 175 177 6% 10% 25% 17% 14% 11% 8% 2% 5% 2% Medium Term Notes (MTN) Secured Bank Loans Unsecured Bank Loans Proportionate share of borrowings in ION Orchard 1 Based on CICT Group’s borrowings, including proportionate share of borrowings in joint ventures as at 31 December 2025. 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035
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