FRASERS HOSPITALITY TRUST ANNUAL REPORT 2015
195
REPORT ON THE FINANCIAL STATEMENTS
We have audited the accompanying financial statements of FRASERS HOSPITALITY TRUST MANAGEMENT PTE. LTD.
(the “Company”) which comprise the balance sheet of the Company as at 30 September 2015, the statement of changes
in equity, the statement of comprehensive income and statement of cash flows of the Company for the financial year
ended 30 September 2015 , 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 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.
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 judgement, including the assessment of the risk 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 the 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 financial statements 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
Company as at 30 September 2015 and of the financial performance of the business, changes in equity and cash flow
of the Company for the financial year ended 30 September 2015.
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 have been properly
kept in accordance with the provisions of the Act.
ERNST & YOUNG LLP
Public Accountants and
Chartered Accountants
Singapore
5 November 2015
INDEPENDENT AUDITOR’ S REPORT
TO THE MEMBER OF FRASERS HOSPITALITY TRUST MANAGEMENT PTE. LTD.
