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TEHO INTERNATIONAL INC LTD Annual Report 2012 29
To the Members of TEHO INTERNATIONAL INC LTD.
(Registration No: 200811433K)
Report on the Financial Statements
We have audited the accompanying consolidated fnancial statements of TEHO International
Inc Ltd (the “company”) and its subsidiaries (the group), which comprise the consolidated
statements of fnancial position of the group and the statement of fnancial position of the
company as at 30 June 2012, and the consolidated statement of comprehensive income,
statement of changes in equity and statement of cash fows of the group, and statement
of changes in equity of the company for the reporting year then ended, and a summary of
signifcant accounting policies and other explanatory information.
Management’s Responsibility for the Financial Statements
Management is responsible for the preparation of fnancial 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 suffcient 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 statement of comprehensive income and statements of fnancial position and to
maintain accountability of assets.
Auditor’s Responsibility
Our responsibility is to express an opinion on these fnancial 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 fnancial statements are free from material
misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and
disclosures in the fnancial statements. The procedures selected depend on the auditor’s
judgment, including the assessment of the risks of material misstatement of the fnancial
statements, whether due to fraud or error. In making those risk assessments, the auditor
considers internal control relevant to the entity’s preparation of fnancial 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 fnancial statements.
We believe that the audit evidence we have obtained is suffcient and appropriate to provide
a basis for our audit opinion.
Opinion
In our opinion, the consolidated fnancial statements of the group and the statement of
fnancial 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 30
June 2012 and the results, changes in equity and cash fows of the group and the changes in
equity of the company for the reporting year ended on that date.
Report on Other Legal and Regulatory Requirements
In our opinion, the accounting and other records required by the Act to be kept by the company
and by the subsidiaries incorporated in Singapore of which we are the independent auditors
have been properly kept in accordance with the provisions of the Act.
RSM Chio Lim LLP
Public Accountants and
Certifed Public Accountants
Singapore
17 September 2012
Partner in charge of audit: Lim Lee Meng
Effective from year ended 30 June 2008
Independent Auditors’ Report