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GLOSSARY PAGE
2012 Code
Code of Corporate Governance 2012
2016 AGMs
2016 Annual General Meetings
4 NEDs
The four independent non-executive directors of the total six non-executive
directors of the Board
AC
Audit Committees
AC Self-Assessment Checklist
A self-assessment checklist which the AC used to conduct an assessment of its
effectiveness for the financial year under review, adapted from the self-assessment
checklist for audit committees set out in the ACGC Guidebook
ACGC Guidebook
Guidebook for Audit Committees in Singapore issued by the Audit Committee
Guidance Committee in October 2008
ACRA
Accounting and Corporate Regulatory Authority
Act
The Business Trusts Act, Chapter 31A of Singapore
ADR
Average Daily Rate
AEI
Asset Enhancement Initiative
Amendment Act
Companies Amendment Act
Annual Report
Annual Report 2015
AOR
Average Occupancy Rate
ARC
Audit and Risk Committee
ARR
Average Room Rate
Australia Hotels
Portfolio hotels located in Australia consisting of Novotel Brisbane,
Mercure Brisbane, Ibis Brisbane, Mercure Perth and Ibis Perth
Boards
Refers to HBT Board and the H-REIT Board
BTA
Business Trusts Act
BTMICE
Business Travel and Meetings, Incentives, Conferences and Exhibitions
BTR
Business Trusts Regulations
CAGR
Compounded Annual Growth Rate
CBD
Central Business District
CCH
CDL HBT Cambridge City Hotel (UK) Ltd
CDL
City Developments Limited
CDP
The Central Depository (Pte) Limited
CEO
Chief Executive Officer
CFO
Chief Financial Officer
CIS Code
Code on Collective Investment Schemes
CMS
Capital Markets Services
CPF
Central Provident Fund
FRS
Singapore Financial Reporting Standards
GDP
Gross Domestic Product
