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These notes form an integral part of and should be read in conjunction with the accompanying financial statements.
1.
General Information
Ascendas India Trust (the “Trust”) is a Singapore-domiciled trust originally constituted as a private trust pursuant to the
Trust Deed dated 7 December 2004, with Ascendas Property Fund Trustee Pte. Ltd. as its Trustee-Manager. The Trust Deed
was amended by an Amending and Restating Deed dated 28 June 2007 (“Trust Deed”) to comply with the requirements
of, among others, the Monetary Authority of Singapore (“MAS”) and the Singapore Exchange Securities Trading Limited
(“SGX-ST”), for a listed Business Trust. The Trust is a registered business trust constituted by the Trust Deed and is principally
regulated by the Securities and Futures Act (“SFA”) and the Singapore Business Trusts Act. The Trust Deed is governed by
the laws of the Republic of Singapore.
On 3 July 2007, the Trust was registered as a Business Trust and on 1 August 2007, the Trust was listed on the Main Board
of the SGX-ST.
The registered office of Ascendas Property Fund Trustee Pte. Ltd. is at 61 Science Park Road, #04-01 The Galen, Singapore 117525.
The principal activity of the Trust is owning income producing real estate used primarily as business space in India and real
estate related assets in relation to the foregoing. The Trust may acquire, hold and develop land or uncompleted developments
to be used primarily for business space with the objective of holding the properties upon completion. The principal activities
of the subsidiaries are as disclosed in Note 21 to the financial statements.
2.
Significant accounting policies
2.1 Basis of Preparation
These financial statements have been prepared in accordance with Singapore Financial Reporting Standards (“FRS”). The financial
statements have been prepared under the historical cost convention, except as disclosed in the accounting policies below.
The preparation of financial statements in conformity with FRS requires management to exercise its judgment in the process
of applying the Group’s accounting policies. It also requires the use of certain critical accounting estimates and assumptions.
The areas involving a higher degree of judgment or complexity, or areas where assumptions and estimates are significant
to the financial statements are disclosed in Note 3.
The financial statements are presented in Singapore Dollars (SGD or $) and all values in the tables are rounded to the nearest
thousand ($’000), except when otherwise stated.
N O T E S T O T H E F I N A N C I A L S T A T E M E N T S
For the financial year ended 31 March 2015
