Bund Center Investment Cash Flow Statement

Financials in millions SGD. Fiscal year is January - December.

Millions SGD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	7.63	13.57	11.1	2.58	11.53
Depreciation & Amortization	21.77	20.43	20.49	21.79	21.91
Other Amortization	0.02	0.02	0.02	0.02	0.02
Gain (Loss) on Sale of Assets	-	-	-0.35	-	-
Asset Writedown	0.33	0.19	0.12	0.05	0.43
Change in Accounts Receivable	0.82	-0.99	-0.08	-4.92	-1.52
Change in Accounts Payable	-0.33	-2.42	-0.19	-3.45	-0.03
Other Operating Activities	2.03	1.94	0.37	5.29	1.54
Operating Cash Flow	32.23	32.78	32.96	21.39	33.94
Operating Cash Flow Growth	-1.68%	-0.55%	54.07%	-36.97%	43.74%
Acquisition of Real Estate Assets	-2.78	-3.06	-4.64	-2.6	-4.16
Sale of Real Estate Assets	-	-	0.36	-	-
Net Sale / Acq. of Real Estate Assets	-2.78	-3.06	-4.28	-2.6	-4.16
Investment in Marketable & Equity Securities	-102.8	-	-	-	-
Investing Cash Flow	-105.62	-3.06	-4.29	-2.6	-4.16
Long-Term Debt Repaid	-0.51	-0.14	-0.07	-	-0.02
Total Debt Repaid	-0.51	-0.14	-0.07	-	-0.02
Net Debt Issued (Repaid)	-0.51	-0.14	-0.07	-	-0.02
Common Dividends Paid	-27.32	-10.62	-21.25	-26.56	-22.76
Other Financing Activities	-2.05	-3.17	-1.04	-1.15	-
Foreign Exchange Rate Adjustments	-4.96	1.45	-5.46	-14.94	7.62
Net Cash Flow	-108.23	17.23	0.85	-23.85	14.62
Cash Interest Paid	0.05	0.02	0.01	-	0
Cash Income Tax Paid	6.17	8.69	9.76	9.81	7.12
Levered Free Cash Flow	27.97	30.68	36.04	18.64	30.7
Unlevered Free Cash Flow	28	30.7	36.05	18.64	30.71
Change in Working Capital	0.48	-3.37	-0.27	-8.33	-1.5