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EC World Real Estate Investment Trust ANNUAL REPORT 2016
Group
ECW
31 December
2016
31 December
2015
31 December
2016
31 December
2015
Note
S$’000
S$’000
S$’000
S$’000
ASSETS
Current assets
Cash and cash equivalents
9
103,665
16,032
11,113
–
Financial assets, at fair value
through profit or loss
10
7,700
–
–
–
Trade and other receivables
11
37,264
168,241
1,061
–
Derivative financial instruments
12
417
–
417
–
Loans to subsidiaries
13
–
–
241,557
–
149,046
184,273
254,148
–
Non-current assets
Trade and other receivables
11
–
526
–
–
Investment properties
14
1,333,297
1,383,809
–
–
Investment properties under
development
15
–
55,148
–
–
Investments in subsidiaries
16
–
–
–*
–*
1,333,297
1,439,483
–
–
Total assets
1,482,343
1,623,756
254,148
–
LIABILITIES
Current liabilities
Trade and other payables
17
27,425
404,134
3,578
167
Borrowings
18
2,206
61,147
–
–
Derivative financial instruments
12
387
–
387
–
Current income tax liabilities
10,798
4,248
1
–
40,816
469,529
3,966
167
Non-current liabilities
Trade and other payables
17
59,674
–
–
–
Borrowings
18
396,624
205,993
194,855
–
Deferred income tax liabilities
19
258,408
264,595
–
–
Government grant
20
702
769
–
–
715,408
471,357
194,855
–
Total liabilities
756,224
940,886
198,821
167
NET ASSET ATTRIBUTABLE TO
UNITHOLDERS
726,119
682,870
55,327
(167)
Represented by:
Unitholders’ funds
782,700
696,814
55,327
(167)
Foreign currency translation reserve
(56,581)
(13,944)
–
–
726,119
682,870
55,327
(167)
UNITS IN ISSUE (’000)
21
778,516
N/M
778,516
N/M
NET ASSET VALUE PER UNIT (S$)
0.93
N/M
0.07
N/M
* Less than S$1,000
N/M: Not Meaningful
STATEMENTS OF
FINANCIAL POSITION
As at 31 December 2016
The accompanying notes form an integral part of these financial statements.