Positioning for the Future | 65
Borrowings
As at 31 December 2014, the Group’s gross debt stood
at S$16.0 billion. With a cash balance of S$2.8 billion,
the net debt as at 31 December 2014 was S$13.2 billion.
The increase in net debt was mainly due to the cash
consideration paid for the privatisation of CMA during
the year.
6KDUHKROGHUVҋ (TXLW\
As at 31 December 2014, issued and paid-up ordinary
share capital (excluding treasury shares) of the Company
comprised 4.3 billion shares at S$6.3 billion. The Group’s
total reserves increased from S$9.8 billion in December
2013 to S$10.5 billion in December 2014. This increase
was mainly contributed by the S$1,160.8 million net
promt for the year and exchange gains arising from
the translation of foreign operations, partially offset by
the goodwill arising from the privatisation of CMA and
payment of the 2013 dividends during the year.
As a result of the increase in total reserves,
the shareholders’ funds rose to S$16.8 billion as at end
2014 compared to S$16.1 billion in 2013. Accordingly,
the Group’s net tangible assets per share increased from
S$3.68 in 2013 to S$3.83 as at 31 December 2014.
This refers to the value of all real estate managed by CapitaLand group entities stated at 100% of the property carrying value.
The Group continues to grow its assets under
management, and as at 31 December 2014, the Group
managed S$70.6 billion of real estate assets, 9.3%
higher than FY 2013, which mrmly strengthens its position
as one of Asia’s largest real estate companies.
7RWDO $VVHWV E\ (IIHFWLYH 6WDNH
%
Residential & Ofmce Strata 26.2
Commercial & Integrated
Developments
1
29.9
Malls
29.3
Serviced residence
12.9
Others
1.7
1
Excluding residential component.
S$33.1b
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