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Financial
Statements
149
Statements of
Financial Position
As at 31 December 2013
The accompanying notes form an integral part of these financial statements.
Group Trust
2013 2012 2013 2012
Note $’000 $’000 $’000 $’000
Non-current assets
Plant and equipment 4 3,249 2,085 2,210 2,002
Investment properties 5 8,799,400 8,191,800 7,276,000 7,031,000
Investment properties under development 6 – 336,027 – –
Subsidiaries 7 – – 80 80
Associate and joint ventures 8 275,455 227,476 840,600 801,382
Financial derivatives 9 4,530 – – –
9,082,634 8,757,388 8,118,890 7,834,464
Current assets
Inventories 244 218 – –
Development property for sale 10 91,106 – – –
Trade and other receivables 11 10,828 12,845 21,546 21,068
Cash and cash equivalents 12 832,687 1,118,270 829,718 1,104,470
934,865 1,131,333 851,264 1,125,538
Total assets 10,017,499 9,888,721 8,970,154 8,960,002
Current liabilities
Financial derivatives 9 5,132 – 5,132 –
Trade and other payables 13 169,973 235,135 141,540 211,099
Current portion of security deposits 45,225 54,017 41,118 48,379
Interest-bearing borrowings 14 150,000 300,000 150,000 300,000
Convertible bonds 15 348,349 105,188 348,349 105,188
Provision for taxation 494 45 494 45
719,173 694,385 686,633 664,711
Non-current liabilities
Financial derivatives 9 118,552 156,041 – 12,078
Interest-bearing borrowings 14 2,952,260 2,819,319 2,415,081 2,339,100
Convertible bonds 15 – 342,789 – 342,789
Amounts owing to joint venture partners 16 102,292 78,749 – –
Non-current portion of security deposits 113,535 94,512 100,910 87,498
Other payables 2,943 – – –
3,289,582 3,491,410 2,515,991 2,781,465
Total liabilities 4,008,755 4,185,795 3,202,624 3,446,176
Net assets 6,008,744 5,702,926 5,767,530 5,513,826
Represented by:
Unitholders’ funds 6,008,744 5,702,926 5,767,530 5,513,826
Units in issue (’000) 17 3,459,157 3,456,421 3,459,157 3,456,421
$ $ $ $
Net asset value per unit 1.74 1.65 1.67 1.60