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CapitaLand Mall Trust
Annual Report 2015
Overview
Sustainability
Business
Review
Portfolio
Details
Corporate
Governance &
Transparency
Financials &
Additional
Information
Note:
(A) Net cash outflow on the acquisition of subsidiary (including acquisition charges)
Net cash outflow on the acquisition of Brilliance Mall Trust (“BMT”) (including acquisition charges) is set out
below:
Group
$’000
Trust
$’000
Investment property
778,822
Plant and equipment
1,178
Other assets
3,274
Cash and bank balances
26,712
Trade and other payables
(9,637)
Amounts due to unitholders
(283,963)
Interest-bearing borrowings
(319,094)
Provision for taxation
(2,989)
Security deposits
(13,878)
Net assets acquired
180,425
Consideration for units acquired
180,425
Acquisition costs
9,412
9,412
Loans to BMT for repayment of amounts
due to previous unitholders and banks
603,057
603,057
Total acquisition outlay
792,894
792,894
Consideration paid in Units
(136,958)
(136,958)
Acquisition charges paid in Units
(7,800)
(7,800)
Cash of subsidiary acquired
(26,712)
Net cash outflow on acquisition of subsidiary
621,424
648,136
(B) Significant Non-Cash Transactions
During the financial year ended 31 December 2015:
s
UNITS WERE ISSUED AS PAYMENT FOR THE ASSET MANAGEMENT FEES PAYABLE IN
units, amounting to a value of $5,898,000 (2014: $5,775,000);
s
UNITS WERE ISSUED TO THE VENDORS OF "-4 WHO ARE RELATED CORPORATIONS OF THE -ANAGER
as partial consideration for the acquisition of all the units of BMT, amounting to a value of $136,958,000;
and
s
UNITS WERE ISSUED AS PAYMENT FOR THE ACQUISITION FEES OF
IN RELATION TO THE ACQUISITION
of BMT. Under the Property Funds Appendix, the acquisition fees paid in respect of transactions with
interested parties will have to be in the form of units which shall not be sold within one year from the
date of issuance of such units.
The accompanying notes form an integral part of these financial statements.
