Perennial Holdings Private Limited - Annual Report 2023

COVER PAGE	1
OVERVIEW	2
Corporate Profile	2
Key Highlights	3
Executive Chairman & CEO’s Statement (English)	12
Executive Chairman & CEO’s Statement (Chinese)	16
Our Presence	20
Our Milestones	22
Our Business Model	24
Our Integrated Strategy	26
Board of Directors/Board Observer	28
Management Team	32
PERFORMANCE	38
Shareholding Information	38
Business Overview	38
Business Structure	40
Financial Highlights	42
Financial Review	43
5-Year Financial Summary	45
BUSINESS REVIEW	46
Singapore	46
The Skywaters	49
Golden Mile Complex	50
Capitol Singapore	51
Chijmes	52
Perennial Business City	53
Parry Assisted Care Living	55
China	56
Perennial Tianjin South HSR International Healthcare and Business City	62
Perennial Kunming South HSR International Healthcare and Business City	64
Chengdu East HSR Integrated Development	66
Perennial Xi’an North HSR International Healthcare and Business City	69
Hangzhou West HSR Integrated Development	71
Beijing Tongzhou Integrated Development	73
Renshoutang	74
Perennial Alzheimer’s Care Village Xi’an	75
Malaysia	76
The Light City, Penang	77
Indonesia	78
The Sanctuary Collection, Greater Jakarta	79
Portfolio at a Glance	80
Real Estate	80
Healthcare	88
Hospitality	92
SUSTAINABILITY	94
Sustainability Report	94
Corporate Governance	131
Risk Management	141
FINANCIALS	147
Statutory Accounts	147
Directors’ Statement	148
Independent Auditors’ Report	151
Statements of Financial Position	153
Consolidated Statement of Profit or Loss	154
Consolidated Statement of Comprehensive Income	155
Consolidated Statement of Changes in Equity	156
Consolidated Statement of Cash Flows	158
Notes to the Financial Statements	160
APPENDIX	220
Supplemental Information	220
Corporate Information	223
BACK COVER PAGE	224

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