Group 2024 2023 S$’000 S$’000 Amount available for distribution to Unitholders at beginning of the year 25,453 14,242 Total return for the year (64,861) (449,274) Adjustment for net effect of non-tax (chargeable)/deductible items and other adjustments (Note A) 82,421 482,197 Amount available for distribution 43,013 47,165 Distributions made during the year: Distribution of 0.628 cents per unit for the period from 1 October 2022 to 31 December 2022 – (2,896) Total Unitholders’ distributions – (2,896) Deferred Distributions during the year: Deferred Distribution of 0.628 cents per unit for the period from 1 October 2022 to 31 December 2022 – (2,190) Deferred Distribution of 2.053 cents per unit for the period from 1 January 2023 to 30 June 2023 – (16,626) Total Unitholders’ deferred distributions – (18,816) Amount available for distribution to Unitholders at end of the year 43,013 25,453 Note A: Adjustment for net effect of non-tax (chargeable)/deductible items and other adjustments comprise: – Straight lining of step-up rental 313 2,720 – Security deposits accretion (157) 206 – Trustee’s fees 184 294 – Net fair value loss on investment properties 95,699 606,750 – Deferred tax credit, net (20,355) (133,379) – Net change in fair value of financial derivatives (1,879) 2,649 – Amortisation of upfront debt issuance costs 2,945 5,368 – Foreign exchange loss/(gain), net 3,669 (3,057) – Provision of withholding tax 81 744 – Provision of doubtful debts 1,823 – – Others 98 (98) 82,421 482,197 The accompanying notes form an integral part of these financial statements. ANNUAL REPORT 2024 75 CONSOLIDATED DISTRIBUTION STATEMENT FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
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