Page 119 - ar2012

In the opinion of the directors of Ascendas Funds Management (S) Limited, the accompanying fnancial statements set out on pages 121 to
183 comprising the Balance Sheets, Statements of Total Return, Distribution Statements, Statements of Movements in Unitholders’ Funds
of Ascendas Real Estate Investment Trust (the “Trust”) and its subsidiaries (the “Group”) and of the Trust, Investment Properties Portfolio
Statement and Statement of Cash Flows of the Group and a summary of signifcant accounting policies and other explanatory information,
are drawn up so as to present fairly, in all material respects, the fnancial position of the Group and of the Trust as at 31 March 2012, the
total return, distributable income, movements in Unitholders’ funds of the Group and of the Trust and cash fows of the Group for the year
then ended in accordance with the recommendations of Statement of Recommended Accounting Practice 7 “Reporting Framework for
Unit Trusts” issued by the Institute of Certifed Public Accountants of Singapore and the provisions of the Trust Deed. At the date of this
statement, there are reasonable grounds to believe that the Group and the Trust will be able to meet their fnancial obligations as and when
they materialise.
For and on behalf of the Manager,
Ascendas Funds Management (S) Limited
Chong Siak Ching
Director
Singapore
28 May 2012
STATEMENT BY THE MANAGER
119
A DECADE OF ENABLING BUSINESSES