CapitaLand Ascott Trust - Annual Report 2023

Front Cover	1
Contents Page	3
About CapitaLand Ascott Trust	4
FY 2023 Key Highlights	6
Trust Structure	8
5-Year Financial Summary	9
Q&A in Conversation with Chairman & CEO	10
Our Boards of Directors	14
The Managers	20
Our Global Presence	22
Reconstituting Our Portfolio	24
Portfolio Overview	28
Operations Review	32
Financial Review	64
Portfolio Listing	71
Investor Relations	78
Sustainability Management	81
Risk Management	89
Corporate Governance	95
Statement of Policies and Practices	138
Financial Statements	145
Report of the Trustee of CapitaLand Ascott Real Estate Investment Trust	146
Report of the Manager of CapitaLand Ascott Real Estate Investment Trust	147
Report of the Trustee-Manager of CapitaLand Ascott Business Trust	148
Statement by the BT Trustee-Manager	151
Statement by the Chief Executive Officer of the BT Trustee-Manager	152
Independent Auditors' Report	153
Statements of Financial Position	158
Statements of Total Return	159
Statement of Comprehensive Income of the CapitaLand Ascott BT Group	160
Distribution Statements	161
Statements of Movements in Stapled Securityholders' Funds	162
Portfolio Statements	172
Statements of Cash Flows	192
Notes to the Financial Statements	196
CapitaLand Ascott Business Trust Management Pte. Ltd. Financial Statements	319
Directors’ Statement	320
Independent Auditors’ Report	326
Statement of Financial Position	328
Statement of Profit or Loss and Other Comprehensive Income	329
Statement of Changes in Equity	330
Statement of Cash Flows	331
Notes to the Financial Statements	332
Additional Information	346
Statistics of Stapled Securityholdings	348
Corporate Information	351
Back Cover	352

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