BAKERTECHNOLOGYLIMITED
ANNUALREPORT2013
74
Independent
Auditor’sReport
TotheMembersof Baker Technology Limited
Report on thefinancial statements
We have audited the accompanying financial statements of Baker Technology Limited (the “Company”) and its subsidiaries (collectively,
the“Group”) set out onpages75 to133,which comprise thebalance sheetsof theGroupand theCompanyas at 31December 2013, the
statements of changes in equity of theGroup and theCompany, the consolidated statement of comprehensive income and consolidated
cash flow statement of the Group for the year then ended, and a summary of significant accounting policies and other explanatory
information.
Management’s responsibility for thefinancial statements
Management is responsible for the preparation of financial statements that give a true and fair view in accordancewith 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
unauthoriseduseor disposition; and transactions areproperlyauthorisedand that theyare recordedasnecessary topermit thepreparation
of true and fair profit and loss accounts andbalance sheets and tomaintain 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 accordancewith
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 judgment, 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 thepurposeof expressing anopinionon the effectiveness of the entity’s internal control. An audit also includes
evaluating theappropriatenessof accountingpoliciesusedand the reasonablenessof accountingestimatesmadebymanagement, aswell
as evaluating the overall presentation of the financial statements.
We believe that the audit evidencewe have obtained is sufficient and appropriate toprovide a basis for our audit opinion.
Opinion
In our opinion, the consolidated financial statements of the Group and the balance sheet and statement of changes in equity of the
Company are properly drawnup in accordancewith the provisions of theAct and Singapore Financial Reporting Standards so as togive a
true and fair viewof the stateof affairs of theGroup andof theCompany as at 31December 2013 and the results, changes in equity and
cashflows of theGroup and the changes in equity of theCompany for the year endedon that date.
Report onother legal and regulatory requirements
In our opinion, the accounting and other records required by the Act to be kept by the Company and by subsidiaries incorporated in
Singapore of whichwe are the auditors have been properly kept in accordancewith the provisions of theAct.
Ernst &Young LLP
Public Accountants andCharteredAccountants
Singapore
10March2014
