SINGAPORE WINDSOR HOLDINGS LIMITED
| Annual Report 2015
32
To the Members of Singapore Windsor Holdings Limited (Registration No: 200505764Z)
INDEPENDENT AUDITORS’
REPORT
Report on the financial statements
We have audited the accompanying financial statements of Singapore Windsor Holdings Limited (the “company”) and
its subsidiaries (the “group”), which comprise the consolidated statement of financial position of the group and the
statement of financial position of the company as at 31 March 2015, and the consolidated statement of profit or loss and
other comprehensive income, statement of changes in equity and statement of cash flows of the group, and statement of
changes in equity of the company for the reporting year then ended, and a summary of significant accounting policies and
other explanatory information.
Management’s responsibility for the financial statements
Management is responsible for the preparation of consolidated financial statements that give a true and fair view
in accordance with the provisions of the Singapore Companies Act, Chapter 50 (the “Act”) and Singapore Financial
Reporting Standards, and for devising and maintaining a system of internal accounting controls sufficient to provide a
reasonable assurance that assets are safeguarded against loss from unauthorised use or disposition; and transactions are
properly authorised and that they are recorded as necessary to permit the preparation of true and fair statements of profit
or loss and other comprehensive income and statements of financial positions and to maintain accountability of assets.
Auditor’s responsibility
Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in
accordance with Singapore Standards on Auditing. Those standards require that we comply with ethical requirements and
plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material
misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial
statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material
misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor
considers internal control relevant to the entity’s preparation of financial statements that give a true and fair view in order
to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion
on the effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of accounting
policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall
presentation of the consolidated financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Opinion
In our opinion, the consolidated financial statements of the group and the statement of financial position and statement
of changes in equity of the company are properly drawn up in accordance with the provisions of the Act and Singapore
Financial Reporting Standards so as to give a true and fair view of the state of affairs of the group and of the company as
at 31 March 2015 and the results, changes in equity and cash flows of the group and the changes in equity of the company
for the reporting year ended on that date.
