66 | CapitaLand Limited Annual Report 2014
Performance Overview
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2014
2013
Restated
1
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Bank facilities available
13,202
12,278
Amount utilised for loans
8,211
8,563
Available and unutilised
4,991
3,715
Cash and mxed deposit balances
2,749
6,306
Unutilised facilities and funds available for use
7,740
10,021
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Debt securities capacity
15,697
15,837
Debt securities issued (net of debt securities purchased)
7,775
7,373
Unutilised debt securities capacity
2
7,922
8,464
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Gross debt
15,986
15,936
Cash and cash equivalents
2,749
6,306
Net debt
13,237
9,630
Equity
23,219
24,455
Net debt equity ratio (times)
0.57
0.39
Total assets (net of cash)
41,364
38,757
Net debt/Total assets (net of cash) (times)
0.32
0.25
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Secured debt
5,849
5,341
Percentage of secured debt
37%
34%
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Earnings before net interest, tax, depreciation and amortisation
2,739
2,616
Net interest expense
382
458
Interest cover ratio (times)
7.2
5.7
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Operating cashnow before interest and tax
2,038
2,583
Net interest paid
443
557
Interest service ratio (times)
4.6
4.6
Business Review
1
Comparatives have been restated to take into account the retrospective adjustment relating to FRS 110 Consolidated Financial Statements
which require the Group to consolidate CapitaCommercial Trust, CapitaMalls Malaysia Trust and Ascott Residence Trust.
2
This includes Euro Medium Term Note Programmes.
