In the opinion of the directors of Parkway Trust Management Limited, the accompanying financial statements set out
on pages 73 to 147 comprising the statements of financial position, statements of total return, distribution statements,
statements of movements in Unitholders’ funds and portfolio statements of the Group and of the Trust, cash flow statement
of the Group and a summary of significant accounting policies and other explanatory notes, are drawn up so as to present
fairly, in all material respects, the financial position and the portfolio of Parkway Life Real Estate Investment Trust (the
“Trust”) and its subsidiaries (the “Group”) and of the Trust as at 31 December 2014, the total returns, distributable income,
movements in Unitholders’ funds of the Group and the Trust and cash flows of the Group for the year then ended in
accordance with the
recommendations of Statement of Recommended Accounting Practice 7 “Reporting Framework for
Unit Trusts” issued by the Institute of Singapore Chartered Accountants
and the provisions of the Trust Deed. At the date
of this statement, there are reasonable grounds to believe that the Group and the Trust will be able to meet their financial
obligations as and when they materialise.
For and on behalf of the Manager,
Parkway Trust Management Limited
Yong Yean Chau
Director
20 March 2015
STATEMENT
BY THE MANAGER
71
A N N U A L R E P O R T 2 0 1 4
