69 / 132
67
EC World Real Estate Investment Trust ANNUAL REPORT 2016
In the opinion of the directors of EC World Asset Management Pte. Ltd., the accompanying financial statements of EC
World Real Estate Investment Trust (“ECW”) and its subsidiaries (the “Group”), set out on pages 72 to 118, comprising
the Statements of Financial Position and Investment Properties Portfolio Statement of ECW and the Group as at 31
December 2016, the Statements of Movements in Unitholders’ Funds for ECW and the Group and the Consolidated
Statement of Total Return, Consolidated Distribution Statement, Consolidated Statement of Cash Flows for the Group
and Notes to the Financial Statements for the year then ended 31 December 2016 are drawn up so as to present
fairly, in all material respects, the financial position of ECW and the Group as at 31 December 2016, movements in
Unitholders’ funds of ECW and the Group, the consolidated total return, consolidated amount distributable and cash
flows of the Group for the year then ended 31 December 2016, 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 dated 5 August 2015 as amended by the First Amending
and Restating Deed dated 29 June 2016 and First Supplemental Deed dated 27 October 2016 (the “Trust Deed”). At
the date of this statement, there are reasonable grounds to believe that ECW and the Group will be able to meet their
financial obligations as and when they materialise.
For and on behalf of the Manager,
EC World Asset Management Pte. Ltd.
Lai Hock Meng
Director
Singapore,
24 March 2017
STATEMENT
BY THE MANAGER
For the Financial Year ended 31 December 2016