Ascendas REIT - Annual Report 2021

In the opinion of the directors of Ascendas Funds Management (S) Limited (the “Manager”), the accompanying financial statements set out on pages 160 to 257 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”), Statement of Total Return, Distribution Statement, Investment Properties Portfolio Statement and Statement of Cash Flows of the Group and Notes to the Financial Statements, including a summary of significant accounting policies, are drawn up so as to present fairly, in all material respects, the financial positions of the Group and the Trust as at 31 December 2021, the financial performance, distributable income, movements in Unitholders’ funds and cash flows of the Group and the movements in Unitholders’ funds of the Trust for the year then ended 31 December 2021, in accordance with the recommendations of The 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 William Tay Wee Leong Director Singapore 1 March 2022 Statement by the Manager YEAR ENDED 31 DECEMBER 2021 Annual Report 2021 155