ESR-REIT Annual Report 2024 199 STATEMENTS OF FINANCIAL POSITION As at 31 December 2024 Group Trust 2024 2023 2024 2023 Note $’000 $’000 $’000 $’000 Assets Non-current assets Investment properties 4 5,548,674 4,686,985 1,287,655 1,292,290 Investments in subsidiaries 5 – – 1,854,809 1,953,875 Investment in joint venture 6 39,806 41,233 39,806 41,233 Investments at fair value through profit or loss (“FVTPL”) 7 261,576 300,347 71,567 75,910 Loans to subsidiaries 8 – – 798,887 667,506 Derivative financial instruments 9 1,283 5,075 1,283 – 5,851,339 5,033,640 4,054,007 4,030,814 Current assets Trade and other receivables 10 60,455 27,258 45,355 49,401 Derivative financial instruments 9 1,929 3,426 288 3,260 Cash and bank balances 11 83,945 41,985 8,834 10,131 146,329 72,669 54,477 62,792 Investment property held for divestment 4 9,732 – 9,732 – 156,061 72,669 64,209 62,792 Total assets 6,007,400 5,106,309 4,118,216 4,093,606 Liabilities Current liabilities Trade and other payables 12 122,387 77,924 39,975 35,693 Lease liabilities for leasehold land 13 10,650 17,073 2,992 2,735 Interest-bearing borrowings 14 30,234 163,088 – 163,088 Derivative financial instruments 9 1,407 182 1,407 182 Amount due to non-controlling interests 15 76,742 70,928 – – 241,420 329,195 44,374 201,698 Liabilities directly attributable to investment property held for divestment 13 1,010 – 1,010 – 242,430 329,195 45,384 201,698 Non-current liabilities Trade and other payables 12 42,576 35,854 17,311 15,909 Lease liabilities for leasehold land 13 597,173 574,972 131,063 129,355 Interest-bearing borrowings 14 2,223,766 1,392,799 1,305,499 984,165 Derivative financial instruments 9 2,874 2,674 2,433 2,674 Deferred tax liabilities 24 8,026 5,537 3,455 4,326 Amount due to non-controlling interests 15 214,879 – – – 3,089,294 2,011,836 1,459,761 1,136,429 Total liabilities 3,331,724 2,341,031 1,505,145 1,338,127 Net assets 2,675,676 2,765,278 2,613,071 2,755,479 Represented by: Unitholders’ funds 2,213,895 2,463,150 2,207,895 2,453,351 Perpetual securities holders’ funds 16 405,176 302,128 405,176 302,128 Non-controlling interest 17 56,605 – – – 2,675,676 2,765,278 2,613,071 2,755,479 Units in issue (’000) 18 8,049,164 7,689,164 8,049,164 7,689,164 Net asset value per Unit (cents) 27.5 32.0 27.4 31.9 The accompanying accounting policies and explanatory notes form an integral part of the financial statements.
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