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Cover

1

Corporate Profile

2

Vision and Mission

3

Contents

3

Financial Highlights

6

Significant Events

8

Letter to Unitholders

9

Unit Performance

14

Trust Structure

15

Board of Directors

16

Management Team

21

The Property Manager

24

Management Review

25

Corporate Governance

38

Enterprise Risk Management

59

Risk Management

60

Investor Relations

64

Corporate Social Responsibility

65

Financial Contents

67

Report of the Trustee

68

Statement by the Manager

69

Independent Auditor's Report to the Unitholders

70

Consolidated Statement of Total Return

74

Statements of Financial Position

75

Consolidated Distribution Statement

76

Consolidated Statement of Cash Flows

77

Statements of Movements in Unitholders' Funds

78

Investment Properties Portfolio Statement

79

Notes to the Financial Statements

81

Additional Information

121

Statistics of Unitholdings

123

Notice of Annual General Meeting

126

Proxy Form

129

Corporate Information

131

Back Cover

132