ESR AR 2019 EN

Cover	1
Contents	2
Overview of ESR	12
FY2019 Financial Highlights	14
Message from Chairman	16
Message from CEOs	20
Board of Directors	24
Group Senior Management	30
Other Management Team	31
Awards & Accolades	33
Corporate Structure	34
Our Purpose	36
Our Distinctive Business Model	37
Key Trends to Support Our Growth Strategies	38
Milestones	40
Operations Review	42
At a Glance	42
Investment Segment	44
Fund Management Segment	46
Development Segment	48
Financial Review	50
Capital Management	52
Investor Relations & Corporate Communications	54
Risk Management	56
Property Portfolio	59
Corporate Governance Report	62
Environmental, Social and Governance Report	70
Financial Contents	99
Directors’ Report	100
Independent Auditor’s Report	120
Consolidated Statement of Profit or Loss and Other Comprehensive Income	125
Consolidated Statement of Financial Position	126
Consolidated Statement of Changes in Equity	128
Consolidated Statement of Cash Flows	130
Notes to the Consolidated Financial Statements	133
Group Financial Summary	241
Corporate Information	243
Back Cover	244

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