Notes:
(A)
Net Cash Outflow on Purchase of Investment Properties (including acquisition related costs)
Net cash outflow on purchase of investment properties (including acquisition related costs) is set out below:
Group
2014
2013
$’000
$’000
Investment properties
143,170 101,022
Acquisition related costs
2,125
1,373
Capital expenditure incurred
9,094
3,448
Investment properties acquired (including acquisition
related costs and capital expenditure incurred)
154,389 105,843
Retention sums
6,694
(5,740)
Net cash outflow
161,083 100,103
(B)
Significant Non-cash Transactions
(i)
Distributions paid to Unitholders
Distributions for the year ended 31 December 2014 were partly paid by CIT issuing an aggregate of 28.8
million units (2013: 23.3 million units), amounting to $20.0 million (2013: $16.9 million), pursuant to the
distribution reinvestment plan.
Group
2014
2013
$’000
$’000
Distributions paid to Unitholders
62,609
60,723
Distributions paid in units pursuant to distribution reinvestment plan
(19,981)
(16,943)
Net Distributions paid to Unitholders in cash
42,628
43,780
(ii)
Management fees payable in units
Management fees for the year ended 31 December 2014 were partly paid by CIT issuing an aggregate of
3.4 million units amounting to $2.4 million (2013: Nil).
CONSOLIDATED STATEMENT OF CASH FLOWS
YEAR ENDED 31 DECEMBER 2014
The accompanying notes form an integral part of these financial statements.
CAMBRIDGE INDUSTRIAL TRUST | A WINNING FORMULA
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