89
ANNUAL REPORT 2014
In our opinion:
(a)
the consolidated financial statements of HBT Group set out on pages 95 to 166 are drawn up so as to give a
true and fair view of the state of affairs of HBT Group as at 31 December 2014 and of the results, changes in
unitholders’ funds and cash flows of HBT Group 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 Group for the year ended 31 December 2014:
-
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 financial 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
13 March 2015
REPORT OF THE TRUSTEE-MANAGER OF
CDL HOSPITALITY BUSINESS TRUST
