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AVI-TECH ELECTRONICS LIMITED
| ANNUAL REPORT 2015
INDEPENDENT
AUDITORS’ REPORT
To the Members of Avi-Tech Electronics Limited
REPORT ON THE FINANCIAL STATEMENTS
We have audited the accompanying financial statements of Avi-Tech Electronics Limited (the “Company”) and its
subsidiaries (the “Group”) which comprise the statements of financial position of the Group and the Company as
at 30 June 2015, and the statement of profit or loss and other comprehensive income, statement of changes in
equity and statement of cash flows of the Group and the statement of changes in equity of the Company for the
year then ended, and a summary of significant accounting policies and other explanatory information, as set out
on pages 43 to 89.
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 (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 to maintain
accountability of assets.
AUDITORS’ 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 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 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.
