In the opinion of the directors of Ascendas Funds Management (S) Limited, the accompanying financial statements set out on
pages 122 to 202 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 significant accounting
policies and other explanatory information, are drawn up so as to present fairly, in all material respects, the financial position of the
Group and of the Trust as at 31 March 2015, the total return, distributable income, movements in Unitholders’ funds of the Group
and of the Trust and cash flows 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 Singapore Chartered
Accountants 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 financial obligations as and when they materialise.
For and on behalf of the Manager,
Ascendas Funds Management (S) Limited
Khiatani Manohar Ramesh
Director
28 May 2015
S t a t e m e n t b y t h e M a n a g e r
ASCENDAS REAL ESTATE INVESTMENT TRUST ANNUAL REPORT 2014/15
