Page 55 - TreasuryChinaTrust2011

53
Statement by the Trustee-Manager
In our opinion:
(a) the financial statements set out on pages 57 to 116 are drawn up so as to give a true and fair view of the state of
affairs of the Group and of the Trust as at 31 December 2011 and of the results, changes in Unitholders funds and
cash flows of the Group for the year ended on that date in accordance with the provisions of the Singapore Business
Trusts Act, Chapter 31A and Singapore Financial Reporting Standards; and
(b) at the date of this statement, there are reasonable grounds to believe that the Trust will be able to pay its debts as
and when they fall due.
With respect to the consolidated income statement of the Group for the year ended 31 December 2011:
– Fees or charges paid or payable out of the Trust property to the Trustee-Manager are in accordance with the Trust
Deed dated 19 May 2010;
– Interested person transactions are not detrimental to the interests of all the Unitholders as a whole based on the
circumstances at the time of the transaction; and
– The Board is not aware of any violation of duties of the Trustee-Manager which would have a materially adverse effect
on the business of the Trust or on the interests of all the Unitholders as a whole.
The Board of Directors has, on the date of this statement, authorised these financial statements for issue.
For and on behalf of the Board of Directors of the Trustee-Manager
RICHARD DAVID
Director
RORY WILLIAMS
Director
Singapore
19 March 2012
SAR1112034_TCT_AR_().indb 53 3/23/2012