ANNUAL REPORT
2016
.53
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 55 to 104 which comprise the consolidated statement of financial position of the group and
the statement of financial position of the company as at 31 March 2016, and the consolidated statement of profit or loss
and other comprehensive income, statement of changes in equity and statement of cash flows of the group, and statement
of changes in equity of the company for the reporting year then ended, and 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 financial statements 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.
INDEPENDENT
AUDITOR¡¯S REPORT
I NDE P ENDEN T
AUD I TOR ¡¯ S R E POR T
TO THE MEMBERS OF
EUROSPORTS
GLOBAL LIMITED
