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67

FIMA CORPORATION BERHAD

(21185-P) |

Annual Report

2016

Independent auditors’ report to the members

of Fima Corporation Berhad (Incorporated in Malaysia)

Report on the financial statements

We have audited the financial statements of Fima Corporation Berhad, which comprise the statements of financial

position as at 31 March 2016 of the Group and of the Company, and the statements of comprehensive income,

statements of changes in equity and statements of cash flows of the Group and of the Company for the year then

ended, and a summary of significant accounting policies and other explanatory information, as set out on pages

69 to 146.

Directors’ responsibility for the financial statements

The directors of the Company are responsible for the preparation of financial statements so as to give a true and

fair view in accordance with Financial Reporting Standards and the requirements of the Companies Act, 1965 in

Malaysia. The directors are also responsible for such internal control as the directors determine is necessary to

enable the preparation of financial statements that are free from material misstatement, whether due to fraud or

error.

Auditors’ responsibility

Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our

audit in accordance with approved standards on auditing in Malaysia. Those standards require that we comply

with ethical requirements and plan and perform the audit to obtain reasonable assurance 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 our judgement, including the assessment of risks of

material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments,

we consider 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 the accounting policies used and the reasonableness of accounting estimates made by the

directors, 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.

Opinion

In our opinion, the financial statements give a true and fair view of the financial position of the Group and of the

Company as at 31 March 2016 and of their financial performance and cash flows for the year then ended in

accordance with Financial Reporting Standards and the requirements of the Companies Act, 1965 in Malaysia.