Stockland Direct Retail Trust No.1

Stockland Direct Retail Trust No. 1 and its controlled entities
Balance Sheets
As at 30 June 2009
Consolidated
Trust
2009 2008 2009 2008
Notes $’000 $’000 $’000 $’000
Current assets
Cash and cash equivalents 5 2,761 4,686 2,761 4,686
Trade and other receivables 6 444 127 – –
Loans to related entities 22 – – 67,925 67,763
Other assets 7 74 1,159 31 58
Total current assets 3,279 5,972 70,717 72,507
Non-current assets
Investment properties 8 77,242 90,422 – –
Units in controlled entities 9 – – 10,000 17,500
Trade and other receivables 10 476 386 – –
Other assets 11 105 3,160 – 3,146
Total non-current assets 77,823 93,968 10,000 20,646
Total assets 81,102 99,940 80,717 93,153
Current liabilities
Trade and other payables 12 1,712 2,611 651 459
Interest-bearing loans and borrowings 14 55,940 – 55,940 –
Other liabilities 13 655 778 655 778
Total current liabilities 58,307 3,389 57,246 1,237
Non-current liabilities
Interest-bearing loans and borrowings 14 – 55,668 – 55,668
Other liabilities 15 778 – 778 –
Total non-current liabilities 778 55,668 778 55,668
Total liabilities 59,085 59,057 58,024 56,905
Net assets 22,017 40,883 22,693 36,248
Unitholders’ funds
Units on issue 16 30,304 33,102 30,304 33,102
Undistributed (loss)/profit (7,509) 4,635 (6,833) –
Reserves 17 (778) 3,146 (778) 3,146
Total Unitholders’ funds 22,017 40,883 22,693 36,248
The above Balance Sheets should be read in conjunction with the accompanying notes.
6
Stockland Direct Retail Trust No. 1 June 2009