81
80
Report of the Trustee
Statement by the Manager
Independent Auditors’ Report
Balance Sheets
Statements of Total Return
Distribution Statements
Statements of Movements in Unitholders’ Funds
Investment Properties Portfolio Statement
Consolidated Cash Flow Statement
Notes to the Financial Statements
81
82
83
84
85
86
88
89
90
91
Financial
Statements
Report of
the Trustee
HSBC Institutional Trust Services (Singapore) Limited (the “Trustee”) is under a duty to take into custody and hold the assets of
Starhill Global Real Estate Investment Trust (the “Trust”) and its subsidiaries (the “Group”) in trust for the unitholders. In accordance
with the Securities and Futures Act, Chapter 289 of Singapore, its subsidiary legislation and the Code on Collective Investment
Schemes, the Trustee shall monitor the activities of YTL Starhill Global REIT Management Limited (the “Manager”) for compliance with
the limitations imposed on the investment and borrowing powers as set out in the trust deed dated 8 August 2005, first supplemental
deed dated 20 April 2006, first amended and restated deed dated 8 August 2007, second amending and restating deed dated
10 December 2007, second supplemental deed dated 22 April 2010, third supplemental deed dated 7 June 2010 and fourth
supplemental deed dated 17 March 2014 (the “Trust Deed”) between the Manager and the Trustee in each annual accounting period
and report thereon to unitholders in an annual report.
To the best knowledge of the Trustee, the Manager has, in all material respects, managed the Group during the period from 1 January 2014
to 30 June 2015 covered by these financial statements, set out on pages 84 to 126 in accordance with the limitations imposed on the
investment and borrowing powers set out in the Trust Deed.
For and on behalf of the Trustee,
HSBC INSTITUTIONAL TRUST SERVICES (SINGAPORE) LIMITED
ESTHER FONG
Senior Vice President, Trustee Services
Singapore
28 August 2015
