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GROUP TRUST
2011 2010 2011 2010
$’000 $’000 $’000 $’000
Balance brought forward (95,128) 877,591 116,591 872,074
Cash flows from financing activities
Distributions to Unitholders (217,564) (214,899) (217,564) (214,899)
Interest paid (61,781) (70,829) (39,435) (47,104)
Payment of transaction costs related to
borrowings and convertible bonds (12,654) (4,990) (480) (4,990)
Proceeds from interest-bearing liabilities 977,800 91,600 200,000 70,000
Proceeds from issuance of convertible bonds – 225,000 – 225,000
Proceeds from loan from joint venture partners 64,800 – – –
Repayment of interest-bearing liabilities (678,400) (377,650) (100,000) (377,650)
Repurchase of convertible bonds (29,457) (202,344) (29,457) (202,344)
Redemption of convertible bonds (6,634) – (6,634) –
Net cash from/(used in) financing activities 36,110 (554,112) (193,570) (551,987)
Net (decrease)/increase in cash and
cash equivalents (59,018) 323,479 (76,979) 320,087
Cash and cash equivalents at beginning
of the year 635,937 312,458 619,516 299,429
Cash and cash equivalents at end of the year
(Note 13) 576,919 635,937 542,537 619,516
Significant non-cash transactions
During the year, 9,098,992 (2010: 9,393,280) Units were issued as payment for asset management fees amounting to
$11,961,000 (2010: $11,382,000).
The accompanying notes form an integral part of these financial statements.
CapitaCommercial Trust Annual Report 2011 77