Growthpoint Interactive Annual Report 2018

About the Financial Report This report covers Growthpoint Properties Australia Limited, Growthpoint Properties Australia Trust and its controlled entities, together being a stapled group. Growthpoint Properties Australia Limited is the Responsible Entity for Growthpoint Properties Australia Trust. The financial report is presented in Australian currency. Growthpoint Properties Australia Trust and its Responsible Entity, Growthpoint Properties Australia Limited, are both domiciled in Australia. The Responsible Entity’s registered office and principal place of business is Level 31, 35 Collins Street, Melbourne, Victoria, 3000, Australia. A description of the nature of the stapled group’s operations and its principal activities is included in the Directors’ Report which is not part of the financial report. The financial report was authorised for issue by the Directors on 16 August 2018. The Directors have the power to amend and reissue the financial report. References to “the year” or “FY18” in this report refer to the year ended 30 June 2018 unless the context requires otherwise. References to “FY19” and “FY20” relate to the twelve months ending 30 June in the year listed. References to “balance date” in this report refer to 30 June 2018 unless the context requires otherwise. Financial report What’s inside Financial Statements Consolidated Statement of Profit or Loss and Other Comprehensive Income 56 Consolidated Statement of Financial Position 57 Consolidated Statement of Changes in Equity 58 Consolidated Cash Flow Statement 60 Notes to the Financial Statements Section 1: Basis of preparation 61 Section 2: Operating results, assets and liabilities 63 2.1 Revenue and segment information 63 2.2 Investment properties 64 2.3 Investment in securities 71 2.4 Non-current assets held for sale 71 2.5 Trade and other assets 72 2.6 Trade and other liabilities 73 2.7 Cash flow information 74 Section 3: Capital structure and financing costs 75 3.1 Interest bearing liabilities 75 3.2 Borrowing costs 76 3.3 Derivative financial instruments 77 3.4 Financial risk management 79 3.5 Contributed equity and reserves 84 3.6 Distributions 85 3.7 Earnings per stapled security (“EPS”) 86 3.8 Share-based payment arrangements 86 Section 4: Other notes 88 4.1 Key Management Personnel compensation 88 4.2 Related party transactions 90 4.3 Taxation 90 4.4 Contingent liabilities 92 4.5 Commitments 92 4.6 Controlled entities 93 4.7 Parent entity disclosures 94 4.8 Remuneration of auditors 94 4.9 Subsequent events 95 Declarations / Reports Directors’ declaration 96 Auditor’s independence declaration 97 Independent auditor’s report 98 Growthpoint Properties Australia 2018 Annual Report 55 Financial Report Portfolio Review Financial Management Business Overview Governance Additional Information