Page 111 - SAR141018_Forterra AR 2013

FORTERRA
ANNUAL REPORT 2013
NOTES TO THE
FINANCIAL STATEMENTS
109
14 TRADE AND OTHER PAYABLES (CONTINUED)
Intra-group payables of $7,256,000 as at 31 December 2012 were not eliminated between the
group entities which held Beijing Logistics Park and Central Plaza and other group entities
following the reclassification of the assets/liabilities related to Beijing Logistics Park and Central
Plaza as held for sale.
Deferred consideration pertained to the amount due to the vendor of Central Park Mall as part of
the consideration for the acquisition of the property. During the current financial year, the Trust
undertook a restructuring of the original acquisition arrangements with the vendor of Central
Park Mall (see Note 19).
15 UNITHOLDERS’ FUNDS
Foreign currency translation reserve
The foreign currency translation reserve comprises foreign exchange differences arising from the
translation of the financial statements of foreign operations and from the translation of monetary
items forming part of the Group’s net investment in foreign operations.
Unit option reserve
The unit option reserve comprises the cumulative value of employee services received for the
issue of the units under the Trust’s Unit Option Scheme.
Convertible bond reserve
The convertible bond reserve comprises the equity component of the Forum CB issued net of
tax (see Note 11).
Capital management
The Trustee-Manager reviews the Group’s and the Trust’s capital structure regularly, which the
Group defines as total Unitholders’ funds. The Group uses a combination of debt and equity to
fund acquisition, property development and asset enhancement projects. The Trustee-Manager
seeks to maintain an optimal combination of debt and equity in order to minimise the cost of
capital and maximise returns to Unitholders.