Table of Contents 1 228

Perennial Real Estate Holdings Limited - Annual Report 2019

Cover Page 1
OVERVIEW 1
Corporate Profile 4
Financial Highlights 5
Chairman’s Statement (English 8
Chairman’s Statement (Chinese 9
CEO’s Statement (English) 10
CEO’s Statement (Chinese 14
Our Presence 18
Our Milestones 20
Our Business Model 22
Our Integrated Strategy 24
Board of Directors 26
Management Team 30
PERFORMANCE 34
Business Overview 36
Business Structure 38
Financial Review 39
5-Year Financial Summary 42
Value Added Statement 43
BUSINESS REVIEW – REAL ESTATE 44
Singapore 44
Capitol Singapore 50
CHIJMES 51
AXA Tower 52
Forett at Bukit Timah 53
Singapore Portfolio at a Glance 54
China 56
Chengdu East HSR Integrated Development 61
Xi’an North HSR Integrated Development 64
Perennial Tianjin South HSR International Healthcare and Business City 66
Perennial Kunming South HSR International Healthcare and Business City 68
Beijing Tongzhou Integrated Development 70
Perennial Qingyang Mall, Chengdu and Perennial Jihua Mall, Foshan 71
China Portfolio at a Glance 72
Other Markets 76
The Light City, Penang, Malaysia 78
Other Markets Portfolio at a Glance 80
BUSINESS REVIEW – HEALTHCARE BUSINESS 82
China 82
Hospitals and Medical Centres 87
Eldercare and Senior Housing 88
Healthcare Portfolio at a Glance 90
SUSTAINABILITY 92
Sustainability Summary Report 94
Corporate Governance 99
Risk Management 118
Investor and Media Relations 124
Our Community 126
Our People 128
FINANCIALS 130
Statutory Accounts 130
Director’s Statement 131
Independent Auditors’ Report 137
Statements of Financial Position 141
Consolidated Statement of Profit or Loss 142
Consolidated Statement of Comprehensive Income 143
Consolidated Statement of Changes in Equity 144
Consolidated Statement of Cash Flows 146
Notes to the Financial Statements 148
APPENDIX 212
Supplemental Information 212
Directors Seeking Re-election 213
Statistics of Shareholdings 215
Notice of Annual General Meeting 217
Proxy Form 225
Corporate Information 227
Back Cover 228

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