. 73
ANNUAL
REPORT
20 1 7
THE BE ST
I N US
Reporton theauditof the financial statements
Opinion
Wehaveaudited the financial statementsofBakerTechnologyLimited (the “Company”) and its subsidiaries (collectively,
the “Group”), which comprise the balance sheets of the Group and the Company as at 31 December 2017, the
statements of changes inequityof theGroup and theCompany and theconsolidated statement of comprehensive
income and consolidated cash flow statement of the Group for the year then ended, and notes to the financial
statements, includinga summaryof significant accountingpolicies.
In our opinion, the accompanying consolidated financial statements of the Group, the balance sheet and the
statement of changes in equity of the Company are properly drawn up in accordance with the provisions of
the Companies Act, Chapter 50 (the Act) and Financial Reporting Standards in Singapore (FRSs) so as to give a
true and fair viewof the consolidated financial position of theGroup and the financial position of theCompany
as at 31 December 2017 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 endedon that date.
Basis foropinion
Weconductedouraudit inaccordancewithSingaporeStandardsonAuditing (SSAs).Our responsibilitiesunder those
standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section
of our report. We are independent of the Group in accordance with the Accounting and Corporate Regulatory
Authority (ACRA) Code of Professional Conduct and Ethics for Public Accountants and Accounting Entities (ACRA
Code) togetherwith theethical requirements that are relevant toour audit of the financial statements inSingapore,
andwehave fulfilledour other ethical responsibilities in accordancewith these requirements and theACRACode.
Webelieve that theaudit evidencewehaveobtained is sufficient andappropriate toprovideabasis for our opinion.
Keyauditmatters
Keyauditmattersare thosematters that, inourprofessional judgement,wereofmost significance inourauditof the
financial statementsof thecurrent period. Thesematterswereaddressed in thecontext of our audit of the financial
statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these
matters. For eachmatter below, our descriptionof howour audit addressed thematter is provided in that context.
Wehave fulfilledourresponsibilitiesdescribed in theAuditor’sresponsibilities for theAuditof theFinancialStatements
section of our report, including in relation to thesematters. Accordingly, our audit included the performance of
proceduresdesigned to respond toour assessmentof the risksofmaterialmisstatementof the financial statements.
The resultsof our audit procedures, including theproceduresperformed toaddress themattersbelow, provide the
basis for our audit opinionon the accompanying financial statements.
INDEPENDENT
AUDITOR’SREPORT
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017
