Cromwell European REIT - Annual Report 2021

FOCUS ON STRENGTHS PIVOT TO LOGISTICS 192 01 CONTENTS Report of the Trustee 193 Statement by the Manager 194 Independent Auditor’s Report 195 02 FINANCIAL STATEMENTS Consolidated Statement of Total Return 199 Consolidated Statement of Comprehensive Income 199 Balance Sheets 200 Consolidated Distribution Statement 201 Statements of Movements in Unitholders’ Funds 202 Consolidated Statement of Cash Flows 203 Statement of Portfolio 204 03 NOTES TO THE FINANCIAL STATEMENTS About these financial statements 212 Results 213 Operating assets 231 Finance and capital structure 238 Group structure 255 Other items 258 FINANCIAL STATEMENTS AND OTHER INFORMATION