STATEMENTS OF MOVEMENTS IN UNITHOLDERS’ FUNDS
Group
Trust
2014
2013
2014
2013
$’000
$’000
$’000
$’000
Unitholders’ funds at beginning of the year
756,504
702,857
757,431
701,833
Operations
Total return after taxation and before distribution
36,905
63,388
35,193
65,339
793,409
766,245
792,624
767,172
Unitholders’ transactions
Issue of new Units:
- Private placement
–
40,000
–
40,000
- Purchase consideration for
an investment property paid in Units
22,455
–
22,455
–
- Manager’s fees paid in Units
3,690
3,447
3,690
3,447
- Manager’s fees payable in Units
1,248
1,247
1,248
1,247
- Conversion of Convertible Sukuk
–
8,271
–
8,271
- Distribution Reinvestment Plan (“DRP”)
5,671
–
5,671
–
Issue expenses
(74)
(633)
(74)
(633)
Distributions to Unitholders
(53,814)
(62,073)
(53,814)
(62,073)
Net decrease in net assets resulting from
Unitholders’ transactions
(20,824)
(9,741)
(20,824)
(9,741)
Unitholders’ funds at end of the year
772,585
756,504
771,800
757,431
For the year ended 31 December 2014
The accompanying notes form an integral part of these financial statements.
SABANA REIT
|
ANNUAL REPORT 2014
93
