Contents
Corporate Profile
03
Financial Highlights
04
Letter to Unitholders
06
Year in Brief
14
Corporate Governance
& Sustainability
Trust Structure
18
Organisation Structure
19
Board of Directors
20
Trust Management Team
30
Property Management Team
31
Corporate Governance
32
Enterprise Risk Management
48
Investor & Media Relations
52
Unit Price Performance
54
Sustainability
57
People & Talent Management
62
Business
Review
Growth Strategies
66
Operations Review
68
Financial Review
76
Capital Management
81
Independent Retail
Market Overview
85
Singapore REIT Sector
91
Marketing & Promotions
93
Tenants Spotlight
100
Meeting Our Shoppers
102
Portfolio
Details
Portfolio at a Glance
106
Portfolio Summary
108
Portfolio Details
110
CapitaRetail China Trust
142
Financial
Statements
Report of the Trustee
146
Statement by The Manager
147
Independent Auditors’ Report 148
Statements of Financial Position 149
Statements of Total Return
150
Distribution Statements
151
Statements of Movements in
Unitholders’ Funds
153
Portfolio Statements
154
Statements of Cash Flows
159
Notes to the Financial Statements 161
Appendix
Interested Person Transactions 223
Unitholders’ Statistics
224
Mall Directory
226
Corporate Information
227
Glossary
228
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