Gardens By the Bay 2019/2020

FINANCIAL STATEMENTS 96 DIRECTORS’ STATEMENT The Board of directors present their statement together with the audited financial statements of Gardens by the Bay (the “Company”) for the financial year ended 31 March 2020. In the opinion of the directors, a) the accompanying financial statements as set out on pages 101 to 132 are drawn up in accordance with the provisions of the Companies Act, Chapter 50 (the “Act”), the Charities Act, Chapter 37 and other relevant regulations (“the Charities Act and Regulations”) and Financial Reporting Standards in Singapore (“FRSs”) so as to give a true and fair view of the financial position of the Company as at 31 March 2020 and the financial performance, changes in accumulated funds and cash flows of the Company for the financial year ended 31 March 2020; b) the Company has complied with the requirements of Regulation 15 of the Charities (Institutions of a Public Character) Regulations; c) the use of donation monies are in accordance with the objectives of the Company as required under Regulations 11 of the Charities (Institutions of a Public Character) Regulations; d) the accounting records required by the Act have been properly kept in accordance with the provision of the Act; and e) at the date of this statement, there are reasonable grounds to believe that the Company will be able to pay its debts when they fall due. 1 DIRECTORS The directors of the Company in office at the date of this statement are: Niam Chiang Meng (Chairman) Loh Chee Wai Felix (Chief Executive Officer) Chong Choy Hoong Beatrice (Zhang Chaihong Beatrice) Chong Suk Shien Susan Er Boon Hwee Kenneth (Yu Wenhui, Kenneth) Han Juat Jong Lim Wan Yong (Lin Wanrong) Sim Beng Mei Mildred Syed Zakir Hussain Tan Jiew Hoe Tan Kok Ming Desmond Tan Wah Yeow Chua Bin Hwee (appointed on 1 December 2019) Lim Suet Ying, Jeannie (Lin Xueying, Jeannie) (appointed on 1 December 2019)