Stockland Direct Retail Trust No.1

Stockland Direct Retail Trust No. 1 and its controlled entities
Notes to the Consolidated Financial Statements
For the Year Ended 30 June 2009
Consolidated
Trust
2009 2008 2009 2008
$’000 $’000 $’000 $’000
15 Non-current liabilities – Other liabilities
Fair value of hedging instrument 778 – 778 –
16 Units on issue
Consolidated and Trust
Consolidated and Trust
2009 2008 2009 2008
No. of units No. of units $’000 $’000
Units on issue 39,600,000 39,600,000 30,304 33,102
Date Details No. of units Price per unit $’000
Movement in units
1 July 2007 Opening balance 39,600,000 34,797
31 December 2007 Distribution paid from contributed equity – – (140)
31 March 2008 Distribution paid from contributed equity – – (777)
30 June 2008 Distribution paid from contributed equity – – (778)
30 June 2008 Balance 39,600,000 33,102
31 October 2008 Distribution paid from contributed equity – – (777)
31 December 2008 Distribution paid from contributed equity – – (777)
31 March 2009 Distribution paid from contributed equity – – (622)
30 June 2009 Distribution paid from contributed equity – – (622)
30 June 2009 Closing balance 39,600,000 30,304
Rights and restrictions over units
Each unit ranks equally with all other units for the purpose of distributions and on termination of the Trust.
Consolidated
Trust
2009 2008 2009 2008
$’000 $’000 $’000 $’000
17 Reserves
Balance at the beginning of the financial year 3,146 869 3,146 869
Effective portion of changes in fair value of cash flow hedge during the financial year (3,924) 2,277 (3,924) 2,277
Balance at the end of the financial year (778) 3,146 (778) 3,146
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Stockland Direct Retail Trust No. 1 June 2009