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REPORT OF THE TRUSTEE-MANAGER OF CDL HOSPITALITY
BUSINESS TRUST
REPORTS
AUDITORS
The auditors, KPMG LLP, have expressed their willingness to accept re-appointment.
STATEMENT BY THE TRUSTEE-MANAGER
In our opinion:
(a)
the consolidated financial statements of HBT Group set out on pages 114 to 194 are drawn up so as to give a
true and fair view of the state of affairs of HBT Group as at 31 December 2016 and of the financial performance,
movements 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 Financial Reporting Standards in Singapore; and
(b)
at the date of this statement, having considered the cash flow projections of the HBT Group for the next twelve
months, there are reasonable grounds to believe that HBT Group will be able to pay its debts as and when they
fall due.
With respect to the statement of profit or loss of HBT Group for the year ended 31 December 2016:
-
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 (as amended);
-
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 of Directors is not aware of any violation of duties of the Trustee-Manager which would have a materially
adverse effect on the business of the HBT Group 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
10 March 2017
105
Annual Report 2016