FRASERS HOSPITALITY TRUST ANNUAL REPORT 2015
135
FHT FH-REIT Group
FH-BT
20 June 2014 to 30 September 2015
Note
$’000
$’000
$’000
CASH FLOWS FROM OPERATING ACTIVITIES
Total return before tax
153,453
153,455
(2)
Adjustments for:
Amortisation of debt upfront costs
8(a)
1,917
1,917
–
Acquisition fee paid in Stapled Securities
19
1,164
1,164
–
Effect of recognising rental income on a straight-line
basis over the lease term
12
(610)
(610)
–
Finance costs
8(b)
17,758
17,758
–
Finance income
(300)
(300)
–
Goodwill on acquisition of subsidiaries written off
5
4,296
4,296
–
Net change in fair value of derivative financial instruments
(1,744)
(1,744)
–
Net change in fair value of investment properties
12
(116,671)
(116,671)
–
Other management fees paid and payable in Stapled
Securities
1,874
1,874
–
Property management fees paid and payable in Stapled
Securities
7,431
7,431
–
REIT Manager’s management fees paid and payable in
Stapled Securities
3(a)
9,560
9,560
–
Unrealised gain on foreign exchange
(100)
(100)
–
Non-capitalisable expenses in relation to IPO
6(a)
27,201
27,201
–
Non-capitalisable expenses in relation to asset acquisition
and Private Placement
6(b)
13,398
13,398
–
Cash generated from/(used in) operations before
working capital changes
118,627
118,629
(2)
Changes in working capital:
Prepayments
(2,439)
(2,439)
–
Trade and other receivables
(6,705)
(6,705)
–
Trade and other payables
(26,914)
(26,916)
2
Rental deposits
16,555
16,555
–
Deferred income
12,151
12,151
–
Cash generated from operations
111,275
111,275
–
Tax paid
(65)
(65)
–
Interest income received
300
300
–
Net cash generated from operations
111,510
111,510
–
CASH FLOWS USED IN INVESTING ACTIVITIES
Costs incurred on acquisition of investment properties
(38,451)
(38,451)
–
Acquisition of investment properties
12
(1,758,874)
(1,758,874)
–
Additions to investment properties
(12,096)
(12,096)
–
Acquisition of subsidiaries
(107,883)
(107,883)
–
Acquisition of other assets
(193)
(193)
–
Net cash used in investing activities
(1,917,497)
(1,917,497)
–
The accompanying accounting policies and explanatory notes form an integral part of the financial statements.
STATEMENTS OF CASH FLOWS
FOR THE FINANCIAL PERIOD FROM 20 JUNE 2014 (DATE OF CONSTITUTION) TO 30 SEPTEMBER 2015
