OUE Commercial REIT - Annual Report 2021

NOTES TO THE FINANCIAL STATEMENTS Year ended 31 December 2021 30 RELATED PARTY TRANSACTIONS In the normal course of the operations of the Trust, the Manager’s management fee and Trustee’s fee have been paid or are payable to the Manager and the Trustee respectively. Property management fees are payable to the Property Managers, related parties of the Manager. During the financial year, other than the transactions disclosed elsewhere in the financial statements, there were the following related party transactions: Group Trust 2021 2020 2021 2020 $’000 $’000 $’000 $’000 Divestment fees paid to Manager 3,169 – 3,169 – Hotel service expenses and professional fees paid/ payable to related parties 1,294 1,166 30 25 Settlement of liabilities by related parties of the Manager on behalf of the Group and the Trust 44 165 22 22 31 FINANCIAL RATIOS Group Trust 2021 2020 2021 2020 $’000 $’000 $’000 $’000 Expenses to weighted average net assets 1 - including performance component of the Manager’s fees 0.85 0.86 0.88 0.94 - excluding performance component of the Manager’s fees 0.78 0.86 0.81 0.94 Portfolio turnover rate 2 – – – – 1 The annualised ratios are computed in accordance with the guidelines of the Investment Management Association of Singapore. The expenses used in the computation relate to expenses of the Group and the Trust, excluding property expenses and finance expenses. 2 The annualised ratio is computed based on the lesser of purchases or sales of underlying investment properties of the Group and the Trust expressed as a percentage of daily average net asset value. 240 O U E COMM E R C I A L R E I T