Investor Presentaiton
Healthy Balance Sheet
As at 31 March 2021
FRASERS
LOGISTICS & COMMERCIAL
TRUST
ā The value of investment properties decreased by 0.6% from S$6,501 million as at 30 September 2020 to S$6,462 million as at 31 March 2021, due
mainly to:
> The completion of the divestment of the 50% interest in 99 Sandstone Place, Parkinson, Queensland
> The completion of the divestment of three leasehold industrial properties in South Australia
partially offset by:
> Higher AUD/SGD and GBP/SGD exchange rates
FLCT is in a net current liability position as at 31 March 2021 due to the maturity of short-term borrowings of S$320 million. The REIT Manager is in discussion
with banks to refinance the various loans
ā Net asset value per Unit increased 3.6% from S$1.10 as at 30 September 2020 to S$1.14 as at 31 March 2021.
Balance Sheet (S$'000)
Investment properties
Other non-current assets
Current assets
Total assets
As at 31 Mar 21
6,461,951
As at 30 Sep 20
6,500,881(1)
Net asset value per Unit (S$)
1.14
60,985
34,182
204,799
199,584
6,727,735
6,734,647
1.10
+3.6%
2,471,071
2,620,806
Other liabilities
Total liabilities
Note: As reported by FLCT in its 1HFY21 results announcement dated 6 May 2021.
317,739
2,788,810
307,164
2,927,970
30-Sep-20
31-Mar-21
1. Includes investment property held for sale. 2. Gross borrowings net of upfront debt related expenses, includes lease liabilities recognised due to the adoption of FRS 116 Leases effective from 1 October 2019.
Loans and borrowings(2)
20
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