STATEMENT BY THE MANAGER
In the opinion of the directors of Sabana Real Estate Investment Management Pte. Ltd. (the “Manager”),
the accompanying financial statements set out on pages 89 to 143 comprising the statements of financial
position, statements of total return, distribution statements and statements of movements in Unitholders’
funds of the Group and the Trust, portfolio statement and statement of cash flows of the Group and notes
to the financial statements are drawn up so as to present fairly, in all material respects, the financial position
of the Group and the Trust as at 31 December 2014, the total return, distributable income and movements
in Unitholders’ funds of the Group and the Trust and cash flows of the Group for the year then ended in
accordance with the recommendations of
Statement of Recommended Accounting Practice 7 “Reporting
Framework for Unit Trusts”
issued by the Institute of Singapore Chartered Accountants and the provisions of
the Trust Deed. At the date of this statement, there are reasonable grounds to believe that the Group and the
Trust will be able to meet their financial obligations as and when they materialise.
For and on behalf of the Manager,
Sabana Real Estate Investment Management Pte. Ltd.
_____________________________
Kevin Xayaraj
Director and Chief Executive Officer
Singapore
27 February 2015
SABANA REIT
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ANNUAL REPORT 2014
87
