In the opinion of the directors of Ascendas Funds Management (S) Limited, the accompanying financial statements set out
on pages 127 to 216 comprising the Statements of Financial Position and Statements of Movements in Unitholders’ Funds of
Ascendas Real Estate Investment Trust (the “Trust”) and its subsidiaries (the “Group”) and of the Trust, Statements of Total
Return, Distribution Statements, Investment Properties Portfolio Statement and Statement of Cash Flows of the Group and
Notes to the Financial Statements are drawn up so as to present fairly, in all material respects, the financial position of the Group
and the Trust as at 31 March 2016, the total return, distributable income, movements in Unitholders’ funds and cash flows of the
Group for the year ended 31 March 2016, 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
Chia Nam Toon
Director
20 May 2016
Statement by the Manager
.122
A-REIT ANNUAL REPORT
2015/2016
