FRASERS HOSPITALITY TRUST ANNUAL REPORT 2015
127
AUDITOR’S RESPONSIBILITY
Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in
accordance with Singapore Standards on Auditing. Those standards require that we comply with ethical requirements
and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from
material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial
statements. The procedures selected depend on the auditor’s judgement, including the assessment of the risks of
material misstatement of the financial statements, whether due to fraud or error. In making those risks assessments, the
auditor considers internal control relevant to the entity’s preparation of financial statements that give a true and fair view
in order to design audit procedures that are appropriate in the circumstances, but not for the purposes of expressing
an opinion on the effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of
accounting policies used and the reasonableness of accounting estimates made by the REIT Manager and the Trustee-
Manager, as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit
opinion.
OPINION
In our opinion:
(a) the financial statements of FH-REIT Group and FHT present fairly, in all material respects, the financial position and
portfolio of FH-REIT and FHT as at 30 September 2015 and the total return, changes in Stapled Securityholders’
funds, distributable income and cash flows of the FH-REIT Group and FHT for the period from 20 June 2014 (date
of constitution) to 30 September 2015 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 FH-REIT Trust Deed and the Stapling Deed; and
(b) the financial statements of FH-BT are properly drawn up in accordance with the provisions of the Act and Singapore
Financial Reporting Standards so as to give a true and fair view of the financial position of FH-BT as at 30 September
2015 and of the financial performance, changes in Stapled Securityholders’ funds and cash flows of FH-BT for the
period from 20 June 2014 (date of constitution) to 30 September 2015.
REPORT ON OTHER LEGAL AND REGULATORY REQUIREMENTS
In our opinion, the accounting and other records required by the Act to be kept by the Trustee-Manager on behalf of
FH-BT have been properly kept in accordance with the provisions of the Act.
ERNST & YOUNG LLP
Public Accountants and Chartered Accountants
Singapore
5 November 2015
INDEPENDENT AUDITOR’ S REPORT
TO THE STAPLED SECURITYHOLDERS OF FRASERS HOSPITALITY REAL
ESTATE INVESTMENT TRUST AND FRASERS HOSPITALITY BUSINESS TRUST
CONSTITUTED IN THE REPUBLIC OF SINGAPORE PURSUANT TO THE TRUST DEEDS DATED 12 JUNE
2014 AND 20 JUNE 2014 RESPECTIVELY
