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Baker Technology LimitedAnnual Report 2014
Report on the financial statements
We have audited the accompanying financial statements of Baker Technology Limited (the “Company”) and its
subsidiaries (collectively, the “Group”) set out onpages 74 to 135, which comprise thebalance sheets of theGroup
and theCompany as at 31December 2014, the statementsof changes inequityof theGroupand theCompany, the
consolidated statement of comprehensive income and consolidated cash flow statement of theGroup for the year
thenended, and a summaryof significant accountingpolicies andother 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 fordevisingandmaintainingasystemof internalaccountingcontrolssufficienttoprovideareasonable
assurance that assets are safeguarded against loss from unauthorised use or disposition; and transactions are
properlyauthorisedand that theyare recordedasnecessary topermit thepreparationof trueand fairprofit and loss
accounts andbalance sheets and tomaintain accountabilityof 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 andplan andperform the audit toobtain reasonable assurance about whether the financial
statements are free frommaterial misstatement.
Anaudit involvesperformingprocedures toobtainauditevidenceabout theamountsanddisclosures in thefinancial
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 fraudor error. Inmaking those risk assessments,
the auditor considers internal control relevant to the entity’s preparation of financial statements that give a true
and fair view inorder todesignaudit procedures that areappropriate in the circumstances, but not for thepurpose
of expressing an opinion on the effectiveness of the entity’s internal control. An audit also includes evaluating the
appropriatenessofaccountingpoliciesusedand the reasonablenessofaccountingestimatesmadebymanagement,
aswell as evaluating theoverall presentationof the financial statements.
Webelieve that theauditevidencewehaveobtained issufficientandappropriate toprovideabasis forourauditopinion.
INDEPENDENT
AUDITOR’SREPORT
For the financial year ended 31December 2014
