228 STRATEGICALLY ADVANCING CONSOLIDATED STATEMENT OF CASH FLOWS For the financial year ended 31 December 2024 Group 2024 2023 $’000 $’000 Cash flows from financing activities Proceeds from issuance of new Units 88,200 299,749 Proceeds from issuance of perpetual securities 100,000 – Payment for unit buy-back (12,908) (2,720) Redemption of perpetual securities – (100,000) Issue costs for perpetual securities paid (2,497) (15) Equity issue costs paid (203) (5,073) Finance costs paid (67,083) (69,582) Proceeds from borrowings 1,386,550 317,800 Repayment of borrowings (1,059,900) (824,168) Loan from non-controlling interest – 4,784 Distributions paid to Unitholders (Note A) (177,424) (199,771) Distributions paid to perpetual securities holders (17,229) (18,198) Distributions paid to non-controlling interest — perpetual securities holders – (2,773) Distributions paid to non-controlling interest (3,651) (1,922) Payment of interest portion of lease liabilities for leasehold land (19,859) (19,981) Payment of principal portion of lease liabilities for leasehold land (3,431) (3,510) Movement in restricted cash (10,155) (946) Net cash generated from/(used in) financing activities 200,410 (626,326) Net increase/(decrease) in cash and cash equivalents 33,084 (3,740) Cash and cash equivalents at 1 January 38,409 42,949 Effect of exchange rate fluctuations on cash held (1,279) (800) Cash and cash equivalents at 31 December (Note 11) 70,214 38,409 Note: (A) Distributions paid to Unitholders Distributions during the year ended 31 December 2024 were fully paid in cash (2023: partially paid by issuing an aggregate of 14.8 million new Units amounting to $5.2 million pursuant to the Distribution Reinvestment Plan). Group 2024 2023 $’000 $’000 Distributions paid to Unitholders (177,424) (204,984) Distributions paid in Units pursuant to Distribution Reinvestment Plan – 5,213 Net distributions paid to Unitholders in cash (177,424) (199,771) The accompanying accounting policies and explanatory notes form an integral part of the financial statements.
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