39
Annual Report 2015
TEHO INTERNATIONAL INC LTD.
INDEPENDENT
AUDITORS’ REPORT
Report on the financial statements
We have audited the accompanying financial statements of TEHO International Inc Ltd. (the
“Company”) and its subsidiaries (the “Group”), which comprise the statements of financial position
of the Group and the Company as at 30 June 2015, the statement of profit or loss, statement of
comprehensive income, statement of changes in equity and cash flow statement of the Group
for the year then ended, and a summary of significant accounting policies and other explanatory
information, as set out on pages 40 to 100.
Management’s responsibility for the financial statements
Management is responsible for the preparation of 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 financial statements
and to maintain accountability of assets.
Auditors’ 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 frommaterial 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
judgement, 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 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 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 financial position
of the Group and of the Company as at 30 June 2015 and the financial performance, changes in
equity and cash flows of the Group for the year ended on that date.
Other matter
The financial statements of TEHO International Inc Ltd. and its subsidiaries for the year ended
30 June 2014 were audited by another auditor who expressed an unmodified opinion on those
statements on 1 October 2014.
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 those subsidiary corporations incorporated in Singapore of which we are the auditors
have been properly kept in accordance with the provisions of the Act.
KPMG LLP
Public Accountants and
Chartered Accountants
Singapore
30 September 2015
Members of the Company
TEHO International Inc Ltd.
