Balance Sheet

Current Liabilities	17.7m
Accounts Payable	12.4m
Other Current Liabilities	5.3m
Non-Current Liabilities	509.5m
Long-Term Debt	448.9m
Other Non-Current Liabilities	60.5m

Currency: SGD

	Dec-2014	Dec-2015	Dec-2016	Dec-2017	Dec-2018	Dec-2019	Dec-2020	Dec-2021	Dec-2022	Dec-2023
Assets
Cash & Cash Equivalents	28	27	34	16	28	33	19	51	46	40
Cash Equivalents	28	27	34	16	28	33	19	51	46	40
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Total Receivables	9	15	12	26	32	49	45	32	5	6
Accounts Receivables	3	6	10	26	27	20	15	1	4	6
Other Receivables	7	9	1	0	5	29	30	31	1	1
Other Current Assets	3	3	4	5	5	3	1	3	1	1
Total Current Assets	40	44	49	46	65	85	65	87	52	48
PP&E Net	0	0	0	0	0	0	0	0	0	0
Note Receivable	0	0	18	27	27	0	0	0	0	0
Long-Term Investments	1 172	1 268	1 273	1 349	1 345	1 341	940	962	1 145	1 139
Other Long-Term Assets	1	3	1	1	1	1	0	0	1	0
Total Assets	1 212 N/A	1 315 +8%	1 341 +2%	1 424 +6%	1 439 +1%	1 427 -1%	1 005 -30%	1 050 +4%	1 199 +14%	1 187 -1%
Liabilities
Accounts Payable	2	2	7	18	9	9	9	19	15	12
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Current Portion of Long-Term Debt	27	44	142	198	110	0	195	99	1	1
Other Current Liabilities	40	37	33	25	33	35	20	9	5	4
Total Current Liabilities	68	84	182	241	151	44	223	127	21	18
Long-Term Debt	370	398	272	278	387	486	294	250	450	449
Deferred Income Tax	29	42	49	51	32	40	20	21	51	50
Other Liabilities	0	0	0	1	0	1	4	0	12	11
Total Liabilities	467 N/A	524 +12%	503 -4%	572 +14%	570 0%	571 +0%	541 -5%	398 -26%	533 +34%	527 -1%
Equity
Common Stock	424	439	424	407	388	0	0	0	0	0
Retained Earnings	320	351	352	384	419	0	0	0	0	0
Other Equity	1	2	63	62	62	856	464	652	665	660
Total Equity	745 N/A	791 +6%	839 +6%	852 +2%	869 +2%	856 -2%	464 -46%	652 +40%	665 +2%	660 -1%
Total Liabilities & Equity	1 212 N/A	1 315 +8%	1 341 +2%	1 424 +6%	1 439 +1%	1 427 -1%	1 005 -30%	1 050 +4%	1 199 +14%	1 187 -1%
Shares Outstanding
Common Shares Outstanding	732	762	701	709	717	725	807	1 613	2 059	2 077

First Real Estate Investment Trust
SGX:AW9U