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FINANCIAL
STATEMENTS
CONTENTS
Report of the Trustee-Manager of
104
CDL Hospitality Business Trust
Statement by the Chief Executive Officer of
106
the Trustee-Manager
Report of the Trustee of CDL Hospitality Real Estate
107
Investment Trust
Report of the Manager of CDL Hospitality
108
Real Estate Investment Trust
Independent Auditors’ Report
109
Statements of Financial Position
114
Statement of Profit or Loss of the HBT Group/
115
Statements of Total Return of the H-REIT Group
and the Stapled Group
Statement of Comprehensive Income of the HBT Group
116
Statements of Movements in Unitholders’ Funds
117
Distribution Statement
123
Portfolio Statements
124
Statements of Cash Flows
130
Notes to the Financial Statements
132