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STATEMENTS OF MOVEMENTS IN UNITHOLDERS’ FUNDS
Group Trust
2013 2012 2013 2012
$’000 $’000 $’000 $’000
Unitholders’ funds at beginning of the year 702,857 681,782 701,833 681,782
Operations
Total return after taxation and before distribution 63,388 74,444 65,339 73,420
Net increase in net assets resulting from operations 766,245 756,226 767,172 755,202
Unitholders’ transactions
Issue of new Units:
- Private placement 40,000 – 40,000 –
- Manager’s fees paid in Units 3,447 3,230 3,447 3,230
- Manager’s fees payable in Units 1,247 1,163 1,247 1,163
- Conversion of Convertible Sukuk 8,271 – 8,271 –
Issue expenses (633) – (633) –
Distributions to Unitholders (62,073) (57,762) (62,073) (57,762)
Net decrease in net assets resulting from
Unitholders’ transactions (9,741) (53,369) (9,741) (53,369)
Unitholders’ funds at end of the year 756,504 702,857 757,431 701,833
For the year ended 31 December 2013
The accompanying notes form an integral part of these financial statements.
SABANA REIT | ANNUAL REPORT 2013
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