87
ANNUAL REPORT 2014
FINANCIAL
STATEMENTS
88
Report of the Trustee-Manager of CDL Hospitality Business Trust
90
Statement by the Chief Executive Officer of the Trustee-Manager
91
Report of the Trustee of CDL Hospitality Real Estate Investment Trust
92
Report of the Manager of CDL Hospitality Real Estate Investment Trust
93
Independent Auditors’ Report
95
Statements of Financial Position
96
Statement of Comprehensive Income of the HBT Group
Statements of Total Return of the H-REIT Group and the Stapled Group
97
Statements of Movements in Unitholders’ Funds
103
Distribution Statements
104
Portfolio Statements
110
Statements of Cash Flows
112
Notes to the Financial Statements
