CapitaLand Investment Limited - Annual Report 2021

151 CapitaLand Investment Limited 150 Annual Report 2021 Consolidated Statement of Changes in Equity YEAR ENDED 31 DECEMBER 2021 The accompanying notes form an integral part of the financial statements. Share capital Revenue reserve Capital reserve # Hedging reserve Fair value reserve Asset revaluation reserve Foreign Currency translation reserve Total Perpetual securities Non- controlling interests Total equity $’M $’M $’M $’M $’M $’M $’M $’M $’M $’M $’M Changes in ownership interests in subsidiaries and other capital transactions Changes in ownership interests in subsidiaries with a change in control – (3) 17 – – – 1 15 – 4 19 Changes in ownership interests in subsidiaries with no change in control – 49 * * * – – 49 – (5) 44 Share of reserves of associates and joint ventures – (8) 7 – – – – (1) – – (1) Others – (39) 15 – – – – (24) – 2 (22) Total changes in ownership interests in subsidiaries and other capital transactions – (1) 39 * * – 1 39 – 1 40 Total transactions with owners 100 (727) 36 * * – 1 (590) * (45) (635) At 31 December 2020 7,926 8,916 (4,756) (110) 52 6 (159) 11,875 396 3,463 15,734 * Less than $1 million # Includes equity compensation reserve and other capital reserves. Note 2021 2020 $’M $’M Cash flows from operating activities Profit/(Loss) after tax 1,560 (673) Adjustments for: (Write-back of)/Allowance for: – impairment loss on receivables (64) 27 – foreseeable losses 26 – 17 – impairment on intangible assets 26 15 153 – impairment on property, plant and equipment 26 * 27 Amortisation of intangible assets 27 23 Depreciation of property, plant and equipment and right-of-use assets 133 126 Dividend income 26 (5) (10) Finance costs 26 353 377 Gain on disposal of equity investment fair value through profit or loss 26 (24) – Gain on disposal of investment properties 26 (205) (41) Income from income support guarantee (15) – Interest income 26 (29) (40) Loss on disposal and write off of property, plant and equipment 26 3 * Loss on right-of-use assets lease remeasurement/modification 2 – Net change in fair value of investment properties and assets held for sale 26 (255) 698 Net change in fair value of financial assets designated at fair value through profit or loss 26 18 13 Net gain from change of ownership interests in subsidiaries, associates and joint ventures 26 (131) (99) Share of results of associates and joint ventures (1,218) 25 Share-based expenses 58 18 Tax expense 396 114 (941) 1,428 Operating profit before working capital changes 619 755 Changes in working capital: Trade and other receivables (7) (208) Development properties for sale (42) (9) Trade and other payables 307 (212) Restricted bank deposits (3) – 255 (429) Cash generated from operations 874 326 Taxation paid (207) (143) Net cash generated from operating activities 667 183 * Less than $1 million The accompanying notes form an integral part of the financial statements. Consolidated Statement of Cash Flows YEAR ENDED 31 DECEMBER 2021