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INDEPENDENT AUDITOR’S REPORT
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2013
TO THE MEMBERS OF ASIAMEDIC LIMITED
Report on the financial statements
We have audited the accompanying consolidated financial statements of AsiaMedic Limited (the “Company”) and its
subsidiaries (collectively, the “Group”) set out on pages 35 to 92, which comprise the statements of financial position of
the Group and the Company as at 31 December 2013, and the statements of changes in equity of the Group and the
Company and the consolidated income statement, consolidated statement of comprehensive income and consolidated
statement of cash flows of the Group for the year then ended, and a summary of significant accounting policies and
other 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 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 profit and loss accounts and balance
sheets and to maintain 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
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 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 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.
ASIAMEDIC LIMITED
ANNUAL REPORT 2013 33