Gardens By the Bay 2019/2020

FINANCIAL STATEMENTS 132 NOTES TO FINANCIAL STATEMENTS 31 March 2020 23 EVENTS AFTER REPORTING PERIOD The outbreak of Coronavirus Disease 2019 (“COVID-19”) in early 2020 has caused disruptions to many industries globally. Despite the challenges, governments and international organisations have implemented a series of measures to contain the pandemic. Specifically, many countries have imposed entry restrictions and border closures, bringing global air travel to a virtual standstill. The COVID-19 outbreak is an event that occurred during the Company’s financial reporting period and the impact of COVID-19 outbreak on the Company’s assets and liabilities have been assessed and recognised in the financial statements as at 31 March 2020. Subsequent to the financial year ended and as at the date of the report, management has also assessed the reasonably expected impact of COVID-19. The Company will closely monitor the development of the pandemic and assess its impact on its operations continuously. Notwithstanding this, management has assessed that the Company is still able to maintain sufficient liquidity to enable the Company to continue as a going concern for at least the next 12 months from the date of the financial statements.