132
FRASERS HOSPITALITY TRUST ANNUAL REPORT 2015
FH REIT was constituted on 12 June 2014 and was inactive until FHT’s listing on SGX-ST on 14 July 2014. FH-BT has
been dormant since its date of registration. FHT is a Stapled group comprising units in FH-REIT stapled to units in FH-BT
pursuant to the Stapling Deed dated 20 June 2014. Statements of changes in Stapled Securityholders’ Funds comprise
movements commencing from the date of listing to 30 September 2015.
Attributable to Stapled Securityholders of the Trust
20 Jun 2014 to 30 Sep 2015
FHT
Note
Stapled
Securities
in issue
Issue
costs
Revenue
reserves
Hedging
reserve
Foreign
currency
translation
reserve
Total
(Note 19)
(Note 20)
(Note
21(a))
(Note
21(b))
$’000
$’000
$’000
$’000
$’000
$’000
At 20 Jun 2014 (Date of constitution)
–
–
–
–
–
–
Total return for the period, net of tax
–
– 135,467
–
– 135,467
Other comprehensive income
Fair value change of cash flow hedges
21(a)
–
–
– 6,599
– 6,599
Foreign currency translation
differences
21(b)
–
–
–
– (59,450)
(59,450)
Total comprehensive income for the
period, net of tax
–
– 135,467
6,599 (59,450)
82,616
Contributions by and distributions to
Stapled Securityholders
Issuance of new Stapled Securities
19
1,049,513
–
–
–
– 1,049,513
Private Placement
19
123,000
–
–
–
– 123,000
Issue costs
20
– (23,686)
–
–
– (23,686)
REIT Manager’s management fees paid
in Stapled Securities
19
5,544
–
–
–
– 5,544
Other management fees paid in
Stapled Securities
19
917
–
–
–
–
917
Property management fees paid in
Stapled Securities
19
4,185
–
–
–
– 4,185
Distribution reinvestment plan
19
1,216
–
–
–
– 1,216
Acquisition fee paid in Stapled
Securities
19
1,164
–
–
–
– 1,164
Distributions to Stapled Securityholders
31
–
– (72,187)
–
– (72,187)
Total contributions by and distributions
to Stapled Securityholders
1,185,539 (23,686)
(72,187)
–
– 1,089,666
At 30 Sep 2015
1,185,539 (23,686)
63,280 6,599 (59,450) 1,172,282
The accompanying accounting policies and explanatory notes form an integral part of the financial statements.
STATEMENTS OF CHANGES IN STAPLED SECURITYHOLDERS’ FUNDS
FOR THE FINANCIAL PERIOD FROM 20 JUNE 2014 (DATE OF CONSTITUTION) TO 30 SEPTEMBER 2015
