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TEHO INTERNATIONAL INC LTD.
Annual Report 2016
INDEPENDENT
AUDITORS’ REPORT
Members of the Company
TEHO International Inc Ltd.
REPORTONTHE 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 2016, 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 104.
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 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
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 2016 and the financial
performance, changes in equity and cash flows of the Group for the year ended on that date.
REPORTONOTHER LEGALAND REGULATORYREQUIREMENTS
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
29 September 2016
