Baker Technology Limited
-
73
-
Report on the audit of the financial statements
We have audited the financial statements of Baker Technology Limited (the “Company”) and its subsidiaries
(collectively, the “Group”), which comprise the balance sheets of the Group and the Company as at 31 December
2016, the statements of changes in equity of the Group and the Company and the consolidated statement of
comprehensive income and consolidated cash flow statement of theGroup for the year then ended, and notes to the
financial statements, including a summary of significant accounting policies.
Inour opinion, the accompanying consolidated financial statementsof theGroup, thebalance sheet and the statement
of changes in equityof theCompany are properlydrawnup in accordancewith the provisions of theCompaniesAct,
Chapter 50 (theAct) andFinancial ReportingStandards inSingapore (FRSs) so as to give a true and fair view of the
consolidated financial position of theGroup and the financial position of theCompany as at 31December 2016 and
of the consolidated financial performance, consolidated changes in equity and consolidated cash flows of theGroup
and changes in equity of theCompany for the year ended on that date.
Basis foropinion
Weconductedour audit inaccordancewithSingaporeStandardsonAuditing (SSAs).Our responsibilitiesunder those
standards are further described in theAuditor’s Responsibilities for theAudit of the Financial Statements section of
our report.We are independent of theGroup in accordancewith theAccounting andCorporateRegulatoryAuthority
(ACRA) Code of Professional Conduct and Ethics for PublicAccountants andAccounting Entities (ACRACode)
together with the ethical requirements that are relevant to our audit of the financial statements in Singapore, and
we have fulfilled our other ethical responsibilities in accordance with these requirements and theACRACode.We
believe that the audit evidencewe have obtained is sufficient and appropriate to provide a basis for our opinion.
Key auditmatters
Key auditmatters are thosematters that, inour professional judgement, were ofmost significance inour audit of the
financial statements of the current period. Thesematters were addressed in the context of our audit of the financial
statements as awhole, and in formingour opinion thereon, andwedonot providea separateopinionon thesematters.
For eachmatter below, our description of how our audit addressed thematter is provided in that context.
Wehave fulfilledour responsibilitiesdescribed in theAuditor’s responsibilities for theauditof the financial statements
section of our report, including in relation to these matters. Accordingly, our audit included the performance of
procedures designed to respond to our assessment of the risks of material misstatement of the financial statements.
The results of our audit procedures, including the procedures performed to address the matters below, provide the
basis for our audit opinion on the accompanying financial statements.
Independent
auditor’s report
For the financial year ended 31 December 2016
