IREIT Global
annual report 2014
TO THE UNITHOLDERS OF IREIT GLOBAL
Independent
Auditors’ Report
Report on the Financial Statements
We have audited the accompanying financial statements of IREIT Global (“IREIT”) and its subsidiaries
(collectively referred to as the “Group”), which comprise the consolidated financial statements of the
Group and the statement of financial position of IREIT as at 31 December 2014, and the statement of
distribution and statement of changes in net assets attributable to unitholders of IREIT for the financial
period from the date of constitution on 1 November 2013 to 31 December 2014 (“financial period”),
and a summary of significant accounting policies and other explanatory information, as set out on pages
58 to 102.
Manager’s Responsibility for the Financial Statements
IREIT Global Group Pte. Ltd (the “Manager” of IREIT) is responsible for the preparation of financial
statements that give a true and fair view in accordance with International Financial Reporting Standards
issued by the International Accounting Standards Board and comply with the relevant provisions of the
Trust Deed dated 1 November 2013 (the “Trust Deed”) and amended by the amending and restating deed
dated 14 July 2014, the relevant requirements of the Code on Collective Investment Schemes (the “CIS
Code”) issued by the Monetary Authority of Singapore. The Manager is also responsible for such internal
control as the Manager determines is necessary to enable the preparation of financial statements that
are free from material misstatement, whether due to fraud or error.
Auditors’ Responsibility
Our responsibility is to express an opinion on these financial statements based on our audit. We
conducted our audit in accordance with International 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 auditors’ judgment, including the
assessment of the risks of material misstatement of the financial statements, whether due to fraud or
error. In making those risk assessments, the auditors consider 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 purpose 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 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.
