capital management
SUmmary
Key Indicators
Indicator
As at 31 March 2015 As at 31 March 2016
Gearing ratio
1
25%
26%
Interest service coverage
(Adjusted EBITDA
2
/ Interest expenses)
4.2 times
4.2 times
Percentage of Indian Rupee Debt
67%
73%
Percentage of fixed rate debt
100%
100%
Percentage of unsecured borrowings
92%
100%
Effective weighted average cost of debt
6.7%
6.9%
Available debt headroom
S$318 million
3
S$463 million
4
Net asset value
S$0.68 per unit
S$0.69 per unit
Adjusted net asset value
5
S$0.85 per unit
S$0.87 per unit
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Singapore
India
S$
Repatriated
Income
Banks
Capital
Unitholders
Interest Payments
Debt
Assets
Earnings
Cash Management
2
Funding Strategy
1
Income Hedging
Strategy
3
Distribution Policy
4
.30
ASCENDAS india trust ANNUAL REPORT
2015/2016
Ove r v i ew
what af f ect s us
what we do
our p e r formance
