Page 56-57 - ar2014

A M A R Q U E A B O V E T H E R E S T

54

E U R O S P O R T S G L O B A L L I M I T E D

55

2 0 1 4 A N N U A L R E P O R T

Opinion

In our opinion, the consolidated financial statements of the Group and the statement of financial position and

statement of changes in equity of the Company are properly drawn up in accordance with the provisions of the

Act and Singapore Financial Reporting Standards so as to give a true and fair view of the state of affairs of the

(SPVQ BOE PG UIF $PNQBOZ BT BU

.BSDI

BOE PG UIF SFTVMUT DIBOHFT JO FRVJUZ BOE DBTI nPXT PG UIF

Group and the changes in equity of the Company for the reporting year ended on that date.

Report on Other Legal and Regulatory Requirements

In our opinion, the accounting and other records required by the Act to be kept by the Company and by those

subsidiaries incorporated in Singapore of which we are the auditors have been properly kept in accordance with

the provisions of the Act.

RSM Chio Lim LLP

Public Accountants and

Chartered Accountants

Singapore

1 July 2014

Partner in charge of audit: Paul Lee Seng Meng

Effective from year ended 31 March 2012

INDEPENDENT AUDITORS ’

REPORT

Report on the Financial Statements

We have audited the accompanying financial statements of EuroSports Global Limited (the “Company”) and its

subsidiaries (the “Group”) set out on pages 56 to 98, which comprise the consolidated statement of financial

position of the Group and the statement of financial position of the Company as at 31 March 2014, and the

consolidated statement of profit or loss and other comprehensive income, statement of changes in equity and

TUBUFNFOU PG DBTI nPXT PG UIF (SPVQ BOE TUBUFNFOU PG DIBOHFT JO FRVJUZ PG UIF $PNQBOZ GPS UIF SFQPSUJOH ZFBS

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 the 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 statements of profit or loss and other comprehensive income and statements of financial position 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 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.

To the members of EuroSports Global Limited (Registration No: 201230284Z)

INDEPENDENT AUDITORS ’

REPORT