Table of Contents 1 224

Perennial Real Estate Holdings Limited - Annual Report 2018

Cover Page 1
Overview 2
Corporate Profile 4
Financial Highlights 5
An Integrated Masterpiece 6
A Canvas of Potential 8
The Art of Integrated Care 10
Chairman’s Statement (English) 12
Chairman’s Statement (Chinese) 13
CEO’s Statement (English) 14
CEO’s Statement (Chinese) 18
Our Presence 22
Our Milestones 24
Our Business Model 26
Our Integrated Strategy 28
Board of Directors 30
Management Team 34
Performance 38
Market Trends 38
Business Overview 42
Business Structure 44
Business Review: Real Estate 45
Singapore 45
Capitol Singapore 48
CHIJMES 49
Chinatown Point 50
AXA Tower 51
111 Somerset 51
Portfolio at a Glance 52
China 54
Chengdu East HSR Integrated Development 58
Xi'an North HSR Integrated Development 60
TianJin South HSR Integrated Development 62
Kunming South HSR Integrated Development 64
Beijing Tongzhou Integrated Development 66
Portfolio at a Glance 68
Other Markets 72
The Light City, Penang, Malaysia 74
Aviva Tower, London, United Kingdom 75
Portfolio at a Glance 76
Business Review: Healthcare 78
China 78
Hospitals and Medical Centres 80
St. Stamford Modern Hospital, Guangzhou 80
St. Stamford Plastic Surgery and Aesthetic Hospital, Guangzhou 80
Perennial International Specialist Medical Centre, Chengdu 81
Eldercare and Senior Housing 82
Renshoutang 82
Portfolio at a Glance 84
Financial Review 86
4-Year Financial Summary 89
Value Added Statement 90
Sustainability 91
Sustainability Summary Report 91
Corporate Governance 94
Risk Management 111
Investor and Media Relations 117
Our Community 119
Our People 121
Financials 123
Statutory Accounts 123
Directors' Statement 124
Independent Auditors' Report 130
Statements Of Financial Position 134
Consolidated Statement Of Profit Or Loss 135
Consolidated Statement Of Comprehensive Income 136
Consolidated Statement Of Changes In Equity 137
Consolidated Statement Of Cash Flows 139
Notes To The Financial Statements 141
Appendix 210
Supplemental Information 210
Directors Seeking Re-election 211
Statistics of Shareholdings 213
Notice of Annual General Meeting 215
Proxy Form 220
Corporate Information 223
Back Cover 224
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