Consolidated Statement of Changes in Equity Year ended 31 December 2024 Share capital Revenue reserve Reserve for own shares Capital reserve# Hedging reserve Fair value reserve Asset revaluation reserve Foreign currency translation reserve Total Perpetual securities Noncontrolling interests Total equity $’M $’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 – – – – – – – – – – (32) (32) Changes in ownership interests in subsidiaries with no change in control – (50) – – (3) – (6) 109 50 – 231 281 Share of reserves of associates and joint ventures – (9) – 8 – – – – (1) – – (1) Others – (35) – 23 – – – 4 (8) – (7) (15) Total changes in ownership interests in subsidiaries and other capital transactions – (94) – 31 (3) – (6) 113 41 – 192 233 Total transactions with owners – (1,028) (37) 45 (3) – (6) 113 (916) – 359 (557) At 31 December 2023 10,760 9,420 (352) (4,714) 19 13 – (1,185) 13,961 396 3,880 18,237 # Includes equity compensation reserve and other capital reserves. The accompanying notes form an integral part of these financial statements. 96 CapitaLand Investment Limited Consolidated Statement of Cash Flows Year ended 31 December 2024 Note 2024 2023 $’M $’M Cash flows from operating activities Profit after tax 694 333 Adjustments for: Write off and allowance/(reversal of allowance) for impairment loss on receivables 6 (4) Allowance for impairment loss on interest in associates and joint ventures 25 3 1 Foreseeable losses on development properties for sale 24 – Write off of intangible assets 25 5 – Amortisation of intangible assets 4 20 19 Depreciation of property, plant and equipment and right-of-use assets 120 123 Distribution income 25 (4) (6) Loss/(gain) from change of ownership interests in subsidiaries, associates and joint ventures 25 96 (40) Loss/(gain) on disposal of investment properties 25 33 (23) (Gain)/loss on disposal and write off of property, plant and equipment 25 (16) 1 Gain on disposal of available-for-sale financial assets 25 – (10) Gain on right-of-use assets lease remeasurement/modification (20) (*) Mark-to-market loss on derivative instruments 16 18 Net change in fair value of investment properties 25 22 257 Net change in fair value of financial assets designated as fair value through profit or loss 25 (3) 8 Share of results of associates and joint ventures (620) (273) Interest income 25 (55) (62) Finance costs 25 507 488 Share-based expenses 24 55 Tax expense 80 141 238 693 Operating profit before working capital changes 932 1,026 Changes in working capital: Development properties for sale 13 1 Trade and other receivables (88) (76) Trade and other payables (65) (137) Loans to credit customers (77) (16) Loans from banks 43 9 Restricted bank deposits – 29 (174) (190) Cash generated from operations 758 836 Taxation paid (197) (154) Net cash generated from operating activities 561 682 * Less than $1 million. The accompanying notes form an integral part of these financial statements. 97 Annual Report 2024
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