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STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2016
Note
June 2016
$000
June 2015
$000
ASSETS
Current assets
Cash
3
14,029
32,445
Receivables and prepayments
4
2,313
4,233
Assets held for sale
5
19,450
16,357
Total current assets
35,792
53,035
Non-current assets
Investment properties
6
2,164,700
1,964,915
Total non-current assets
2,164,700
1,964,915
Total assets
2,200,492
2,017,950
LIABILITIES
Current liabilities
Payables and deferred income
7
18,206
27,363
Derivative financial instruments
759
392
Distribution payable
8
54,603
52,483
Total current liabilities
73,568
80,238
Non-current liabilities
Interest-bearing loans and borrowings
9
472,333
485,401
Derivative financial instruments
9,219
10,551
Total non-current liabilities
481,552
495,952
Total liabilities
555,120
576,190
Net assets
1,645,372
1,441,760
EQUITY
Equity attributable to unitholders of BWP Trust
Issued capital
10
945,558
945,558
Hedge reserve
11
(9,978)
(10,943)
Undistributed income
709,792
507,145
Total equity
1,645,372
1,441,760
The statement of financial position should be read in conjunction with the accompanying notes.
BWP Trust Annual Report 2016
29
Financial Report