10 Overview of ESR 18 Message from Chairman 21 Message from Group Co-founders & Co-CEOs 24 Financial Highlights 26 Year in Review 28 Operations Review 36 Financial Review 39 Capital Management 41 Awards & Accolades 42 Property Portfolio 44 ESG Performance 84 Directors’ Report 115 Independent Auditor’s Report 121 Consolidated Statement of Profit or Loss and Other Comprehensive Income 122 Consolidated Statement of Financial Position 124 Consolidated Statement of Changes in Equity 126 Consolidated Statement of Cash Flows 129 Notes to the Consolidated Financial Statements 240 Group Financial Summary End Corporate Information 51 Board of Directors 58 Group Leadership Team & Business Leadership Team 60 Corporate Structure 61 Investor Relations 64 Risk Management 70 Corporate Governance Report STRATEGIC REPORT CORPORATE GOVERNANCE FINANCIAL STATEMENT Contents
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