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Annual Report FY2012 ParkwayLife REIT
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The accompanying notes form an integral part of these fnancial statements.
Group Trust
Note 2012 2011 2012 2011
$’000 $’000 $’000 $’000
Non-current assets
Investment properties 4 1,427,331 1,384,032 980,400 924,000
Interests in subsidiaries 5 – – 428,554 382,356
Security deposit receivable 855 1,004 – –
Financial derivatives 6 2,229 – 2,229 –
1,430,415 1,385,036 1,411,183 1,306,356
Current assets
Financial derivatives 6 105 – 105 –
Trade and other receivables 7 9,221 8,393 8,069 7,135
Cash and cash equivalents 8 30,598 36,184 2,470 6,063
39,924 44,577 10,644 13,198
Total assets 1,470,339 1,429,613 1,421,827 1,319,554
Current liabilities
Financial derivatives 6 39 – 39 –
Trade and other payables 9 13,084 12,757 7,696 7,191
Current portion of security deposits 1,948 2,129 – –
Loans and borrowings 10 14,250 5,800 14,250 5,800
29,321 20,686 21,985 12,991
Non-current liabilities
Financial derivatives 6 1,288 4,063 1,288 4,063
Non-current portion of security deposits 13,722 13,227 – –
Loans and borrowings 10 467,422 489,181 467,422 489,181
Deferred tax liabilities 11 7,232 6,280 – –
489,664 512,751 468,710 493,244
Total liabilities 518,985 533,437 490,695 506,235
Net assets 951,354 896,176 931,132 813,319
Represented by:
Unitholders’ funds 12 951,354 896,176 931,132 813,319
Units in issue (’000) 13 605,002 604,970 605,002 604,970
Net asset value per unit ($) 1.57 1.48 1.54 1.34
Statements of financial position
As at 31 December 2012