Page 112 - SAR141018_Forterra AR 2013

FORTERRA
ANNUAL REPORT 2013
NOTES TO THE
FINANCIAL STATEMENTS
110
15 UNITHOLDERS’ FUNDS (CONTINUED)
Capital management (Continued)
The objectives of the Trustee-Manager are to:
(a) maintain a strong Statement of Financial Position by adopting and maintaining a target
gearing range;
(b) secure diversified funding sources from financial institutions and/or capital markets;
(c) adopt a proactive interest rate management strategy to manage risks related to interest
rate fluctuations; and
(d) manage the foreign currency exposure through hedging, where appropriate.
There were no changes in the Group’s approach to capital management during the year.
During the year, the Group has complied with all the externally imposed capital requirements.
16 UNITS IN ISSUE
Trust
2013 2012
Number of
units
Number of
units
At 1 January 253,619,717 253,619,717
Issue of units:
– Unit options exercised (Note 17) 175,000 –
At 31 December 253,794,717 253,619,717