Statement by the
Trustee-Manager
In the opinion of the directors of the Trustee-Manager,
(a) the consolidated income statement and consolidated statement of comprehensive income set out in the financial
statements on pages 69 and 70 are drawn up so as to give a true and fair view of the results of the business of the Group for
the year ended 31 December 2015;
(b) the statements of financial position set out on pages 71 and 72 are drawn up so as to give a true and fair view of the state of
a
airs of the Group and of the Trust at 31 December 2015;
(c) the statements of changes in equity set out on pages 74 and 75 are drawn up so as to give a true and fair view of the
changes in equity of the Group and of the Trust for the year ended 31 December 2015;
(d) the consolidated statement of cash flows set out on page 73 is drawn up so as to give a true and fair view of the cash flows of
the Group for the year ended 31 December 2015; and
(e) at the date of this statement, there are reasonable grounds to believe that the Trustee-Manager will be able to fulfill, out of
the Trust’s property, the Trust’s debts as and when they fall due.
In accordance with Section 86(2) of the Business Trusts Act, Chapter 31A of Singapore, we further certify:
(a) the fees or charges paid or payable out of the trust property of the Trust to the Trustee-Manager are in accordance with the
Deed of Trust dated 25 February 2011 (as amended) constituting the Trust;
(b) the interested person transactions entered into by the Group during the year are not detrimental to the interests of all the
unitholders of the Trust as a whole based on the circumstances at the time of the relevant transactions; and
(c) the Board of Directors of the Trustee-Manager is not aware of any violation of duties of the Trustee-Manager which would
have a materially adverse e
ect on the business of the Trust or on the interests of all the unitholders of the Trust as a whole.
The Board of Directors has, on the date of this statement, authorised the above statements and the financial statements of the
Group as at and for the year ended 31 December 2015 for issue.
On behalf of the Board of Directors of the Trustee-Manager
John Edward Wenham Meredith
Ip Sing Chi
Director
Director
2 February 2016
OPTIMISING FOR THE FUTURE
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