CapitaLand Ascott Trust - Annual Report 2023

CONTENTS Financial Statements 144 Report of the Trustee of CapitaLand Ascott Real Estate Investment Trust 145 Report of the Manager of CapitaLand Ascott Real Estate Investment Trust 146 Report of the Trustee-Manager of CapitaLand Ascott Business Trust 149 Statement by the BT Trustee-Manager 150 Statement by the Chief Executive Officer of the BT Trustee-Manager 151 Independent Auditors’ Report 156 Statements of Financial Position 157 Statements of Total Return 158 Statement of Comprehensive Income of the CapitaLand Ascott BT Group 159 Distribution Statements 160 Statements of Movements in Stapled Securityholders’ Funds 170 Portfolio Statements 190 Statements of Cash Flows 194 Notes to the Financial Statements Overview Sustainability & Governance Leadership Portfolio & Performance Financial Statements and Other Information ANNUAL REPORT 2023 143

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