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STAMFORD LAND CORPORATION LTD
Independent Auditors’ Report
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(Registration No : 197701615H)
We have audited the accompanying financial statements of Stamford Land Corporation Ltd (the “Company”)
and its subsidiaries (the “Group”), which comprise the balance sheets of the Group and the Company as at
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and statement of cash flows of the Group for the year then ended, and a summary of significant accounting
policies and other explanatory information, as set out on pages 54 to 126.
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 for devising and maintaining a system of internal accounting controls sufficient to
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and transactions are properly authorised and that they are recorded as necessary to permit the preparation of
true and fair financial statements and to maintain accountability of assets.
Auditors’ Responsibility
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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 Company’s preparation of the
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 Company’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.
