ESR-REIT Annual Report 2024 203 STATEMENTS OF MOVEMENTS IN UNITHOLDERS’ FUNDS For the financial year ended 31 December 2024 Group Trust 2024 2023 2024 2023 $’000 $’000 $’000 $’000 Unitholders’ Funds Balance at beginning of the year 2,463,150 2,444,653 2,453,351 2,448,955 Operations Total loss for the year after tax attributable to Unitholders and perpetual securities holders (127,779) (67,449) (154,049) (86,001) Less: Amount reserved for distribution to perpetual securities holders (20,277) (18,198) (20,277) (18,198) Net decrease in net assets resulting from operations (148,056) (85,647) (174,326) (104,199) Movement in foreign currency translation reserve (30,069) (4,451) – – Unitholders’ transactions Management fees paid in Units 14,167 16,223 14,167 16,223 Units issued through Distribution Reinvestment Plan – 5,213 – 5,213 Private placement – 150,000 – 150,000 Preferential offering 88,200 149,749 88,200 149,749 Unit buy-back (12,908) (2,720) (12,908) (2,720) Acquisition fees paid in Units 7,552 – 7,552 – Partial consideration paid in Units pursuant to the acquisition of subsidiaries 12,082 – 12,082 – Equity issue costs pursuant to: (Note 26) – Distribution Reinvestment Plan – (195) – (195) – Private placement – (3,472) – (3,472) – Preferential offering (166) (1,214) (166) (1,214) – Perpetual securities (2,596) – (2,596) – – Unit buy-back (37) (5) (37) (5) Distributions to Unitholders (177,424) (204,984) (177,424) (204,984) Net (decrease)/increase in Unitholders’ funds resulting from Unitholders’ transactions (71,130) 108,595 (71,130) 108,595 Balance at end of the year 2,213,895 2,463,150 2,207,895 2,453,351 Perpetual Securities Holders’ Funds Balance at beginning of the year 302,128 302,128 302,128 302,128 Issue of perpetual securities 100,000 – 100,000 – Amount reserved for distribution to perpetual securities holders 20,277 18,198 20,277 18,198 Distributions to perpetual securities holders (17,229) (18,198) (17,229) (18,198) Balance at end of the year 405,176 302,128 405,176 302,128 Non-controlling Interest — ALOG Trust’s Perpetual Securities Holders Balance at beginning of the year – 102,306 – – Amount reserved for distribution to non-controlling interest — perpetual securities holders – 467 – – Distributions to non-controlling interest — perpetual securities holders – (2,773) – – Redemption of non-controlling interest — perpetual securities – (100,000) – – Balance at end of the year – – – – Non-controlling Interest Balance at beginning of the year – – – – Acquisition of subsidiaries with non-controlling interest 41,613 – – – Total return attributable to non-controlling interest 14,992 – – – Balance at end of the year 56,605 – – – Total 2,675,676 2,765,278 2,613,071 2,755,479 The accompanying accounting policies and explanatory notes form an integral part of the financial statements.
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