Page 71 - ar2012

annual report 2012
69
In our opinion:
(a) the fnancial statements of HBT set out on pages 75 to 135 are drawn up so as to give a true and fair view
of the state of affairs of HBT as at 31 December 2012 and of the results, changes in unitholders’ funds
and cash fows of HBT for the year ended on that date in accordance with the provisions of the Act and
Singapore Financial Reporting Standards; and
(b) at the date of this statement, there are reasonable grounds to believe that HBT will be able to pay its
debts as and when they fall due.
With respect to the income statement of HBT for the year ended 31 December 2012:
- fees or charges paid or payable out of the trust property to the Trustee-Manager are in accordance with
HBT’s trust deed dated 12 June 2006;
- interested person transactions are not detrimental to the interests of all the unitholders as a whole based
on the circumstances at the time of the transaction; and
- the Board is not aware of any violation of duties of the Trustee-Manager which would have a materially
adverse effect on the business of HBT or on the interests of all the unitholders as a whole.
The Board of Directors has, on the date of this statement, authorised these fnancial statements for issue.
For and on behalf of the Board of Directors of the Trustee-Manager,
M&C Business Trust Management Limited
Wong Hong Ren
Director
Vincent Yeo Wee Eng
Director
Singapore
12 March 2013
Report of the Trustee-Manager
of CDL Hospitality Business Trust