OUE Commercial REIT - Annual Report 2021

32 SUBSEQUENT EVENTS There were the following events subsequent to the reporting date: • On 16 February 2022, the Manager declared a distribution of $1,109,000 to the CPPU holder in respect of the period from 1 July 2021 to 31 December 2021. • On 16 January 2022, the Manager declared a distribution of 1.37 cents per Unit, amounting to $74,820,000, in respect of the period from 1 July 2021 to 31 December 2021. • On 21 February 2022, the Trust issued 7,076,798 Units at $0.4314 per Unit, amounting to $3,053,000, to the Manager as payment of the management base fee for the period from 1 October 2021 to 31 December 2021 and management performance fee for 2021. 33 NEW STANDARDS NOT ADOPTED A number of new standards and amendments to standards are effective for annual periods beginning after 1 January 2021 and earlier application is permitted; however, the Group has not early adopted the new or amended standards in preparing these financial statements. The following new FRSs and amendments to FRSs are not expected to have a significant impact on the Group’s consolidated financial statements. • FRS 117 Insurance Contracts and Amendments to FRS 117 Insurance Contracts • Reference to the Conceptual Framework (Amendments to FRS 103) • Property, Plant and Equipment – Proceeds before Intended Use (Amendments to FRS 16) • Onerous Contracts – Costs of Fulfilling a Contract (Amendments to FRS 37) • Classification of Liabilities as Current or Non-current (Amendments to FRS 1) • Annual Improvements to FRSs 2018 – 2020 241 A N N U A L R E P O R T 2 0 2 1