CDLHT: Announcement on the Condensed Interim Financial Statements of CDL Hospitality Trusts, H-REIT and its Subsidiaries and HBT and its Subsidiaries for six-month period ended 30 June 2021 and related announcements

30/07/2021

General Announcement::Announcements by CDL Hospitality Trusts

GENERAL ANNOUNCEMENT::ANNOUNCEMENTS BY CDL HOSPITALITY TRUSTS

Issuer & Securities

Issuer/ Manager

CITY DEVELOPMENTS LIMITED

Securities

CITY DEVELOPMENTS LIMITED - SG1R89002252 - C09

Stapled Security

No

Announcement Details

Announcement Title

General Announcement

Date &Time of Broadcast

30-Jul-2021 17:20:43

Status

New

Announcement Sub Title

Announcements by CDL Hospitality Trusts

Announcement Reference

SG210730OTHRJEI1

Submitted By (Co./ Ind. Name)

Enid Ling Peek Fong

Designation

Company Secretary

Description (Please provide a detailed description of the event in the box below)

CDL Hospitality Trusts has on 30 July 2021, released the following announcements:

1. Condensed Interim Financial Statements for six-month period ended 30 June 2021, First Half 2021 Summary of Group Performance and Press Release on "CDL Hospitality Trusts Reports Total Distribution of S$15.0 Million for 1H 2021";
2. Presentation Slides for the Unaudited Results for the Half Year Ended 30 June 2021;
3. Payment of Base Management Fees by way of Issue of Stapled Securities in CDL Hospitality Trusts;
4. Notice of Record and Distribution Payment Date (Taxable Income);
5. Notice of Record and Distribution Payment Date (Tax Exempted Income);
6. Disclosure of Change of Interest for Trustee-Manager or Responsible Person in respect of changes in its interest in securities (Form 6) - M&C Business Trust Management Limited; and
7. Disclosure of Change of Interest for Trustee-Manager or Responsible Person in respect of changes in its interest in securities (Form 6) - M&C REIT Management Limited.

For details, please refer to the announcements released by CDL Hospitality Trusts on the SGX website, www.sgx.com.

https://links.sgx.com/1.0.0/corporate-announcements/861AX0KR3155CNI3/d56f22135b48299e0ef1ef9f82088b6ba711c6d23b7eb12f75c61f9c0f5… 1/1

30/07/2021

Financial Statements and Related Announcement::Half Yearly Results

FINANCIAL STATEMENTS AND RELATED ANNOUNCEMENT::HALF YEARLY RESULTS

Issuer & Securities

Issuer/ Manager

M&C REIT MANAGEMENT LIMITED

Securities

CDL HOSPITALITY TRUSTS - SG1T66931158 - J85

Stapled Security

Yes

Other Issuer(s) for Stapled Security

Name

DBS TRUSTEE LIMITED

Announcement Details

Announcement Title

Financial Statements and Related Announcement

Date &Time of Broadcast

30-Jul-2021 07:30:46

Status

New

Announcement Sub Title

Half Yearly Results

Announcement Reference

SG210730OTHRVK8N

Submitted By (Co./ Ind. Name)

Soo Lai Sun

Designation

Company Secretary

Description (Please provide a detailed description of the event in the box below - Refer to the Online help for the format)

Please refer to the attached documents:

1. Condensed Interim Financial Statements for six-month period ended 30 June 2021;
2. First Half 2021 Summary of Group Performance; and

1. Press Release on "CDL Hospitality Trusts Reports Total Distribution of S$15.0 Million for 1H 2021". Additional Details

For Financial Period Ended

30/06/2021

Attachments

CDLHT-Condensed IFS 1H2021.pdf

CDLHT-1H2021 Summary of Group Performance.pdf

CDLHT-1H2021 Press Release.pdf

https://links.sgx.com/1.0.0/corporate-announcements/Y4AUS08DA3K2MLY1/69a6f30e6d5dacabe0ce3fef97d17928dbe82330d1dd1a24be594c46… 1/2

30/07/2021

Financial Statements and Related Announcement::Half Yearly Results

Total size =2430K MB

https://links.sgx.com/1.0.0/corporate-announcements/Y4AUS08DA3K2MLY1/69a6f30e6d5dacabe0ce3fef97d17928dbe82330d1dd1a24be594c46… 2/2

CDL Hospitality Trusts

(Constituted in the Republic of Singapore pursuant to a

stapling deed dated 12 June 2006)

Condensed interim financial statements

Six-month period ended 30 June 2021

CDL Hospitality Trusts

Condensed interim financial statements

Six-month period ended 30 June 2021

Statements of Financial Position

As at 30 June 2021

		HBT Group	H-REIT Group	Stapled Group
	Note	30/06/2021 31/12/2020 30/06/2021 31/12/2020 30/06/2021 31/12/2020
		$'000	$'000	$'000	$'000	$'000	$'000
Non-current assets
Investment properties	3	-	-	2,411,646	2,403,183	1,904,400	1,978,356
Property, plant and
equipment	4	334,352	279,605	75,523	80,822	788,055	709,039
Finance lease receivables		-	-	3,675	4,098	3,675	4,098
Deferred tax assets		163	163	824	835	987	998
Other receivables		212	212	19,031	10,264	361	361
		334,727	279,980	2,510,699	2,499,202	2,697,478	2,692,852
Current assets
Inventories		1,985	1,947	-	-	1,985	1,947
Finance lease receivables		-	-	839	825	839	825
Trade and other
receivables		17,638	15,704	32,100	59,974	24,503	27,733
Financial derivative assets		-	-	31	-	31	-
Cash and cash equivalents		20,215	17,532	109,326	113,570	129,541	131,102
		39,838	35,183	142,296	174,369	156,899	161,607
Total assets		374,565	315,163	2,652,995	2,673,571	2,854,377	2,854,459
Non-current liabilities
Loans and borrowings	5	245,008	190,318	653,460	719,565	772,410	831,471
Financial derivative
liabilities		-	-	6,159	13,707	6,159	13,707
Other payables		113	-	10,962	10,815	11,075	10,815
Deferred tax liabilities		12,379	10,851	9,767	11,298	22,146	22,149
		257,500	201,169	680,348	755,385	811,790	878,142
Current liabilities
Loans and borrowings	5	23,506	14,140	396,513	291,651	396,874	291,876
Trade and other payables		58,377	57,965	26,986	33,957	36,757	43,978
Provision for taxation		136	1,021	11,714	11,707	11,850	12,728
		82,019	73,126	435,213	337,315	445,481	348,582
Total liabilities		339,519	274,295	1,115,561	1,092,700	1,257,271	1,226,724
Net assets		35,046	40,868	1,537,434	1,580,871	1,597,106	1,627,735

The accompanying notes form an integral part of these condensed interim financial statements.

FS1