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Fima Corporation Berhad
(21185-P)
financial statements
84
Independent auditors’ report
to the members of Fima Corporation Berhad
Report on the Audit of the Consolidated Financial Statements
Opinion
We have audited the financial statements of the Group and of the Company, which comprise the statement of financial position as at
31 March 2017, and statement of comprehensive income, statement of changes in equity and statement of cash flows of the Group
and of the Company for the year then ended, and notes to the financial statements, including a summary of significant accounting
policies, as set out on pages 89 to 163.
In our opinion, the accompanying financial statements of the Group and of the Company give a true and fair view of the financial
position of the Group and of the Company as at 31 March 2017 and of their financial performance and their cash flows for the year
then ended in accordance with Financial Reporting Standards (“FRS”) and the requirements of the Companies Act 2016 in Malaysia.
Basis for opinion
We conducted our audit in accordance with approved standards on auditing in Malaysia and International Standards on Auditing. Our
responsibilities under those standards are further described in the Auditors’ responsibilities for the audit of the financial statements
section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit
opinion.
Independence and other ethical responsibilities
We are independent of the Group and of the Company in accordance with the By-Laws (on Professional Ethics, Conduct and Practice)
of the Malaysian Institute of Accountants (“By-Laws”) and the International Ethics Standards Board for Accountants’ Code of Ethics
for Professional Accountants (“IESBA Code”), and we have fulfilled our other ethical responsibilities in accordance with the By-Laws
ad the IESBA Code.
Key Audit Matters
Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the financial statements
of the Group and of the Company for the current year. These matters were addressed in the context of our audit of the financial
statements of the Group and of the Company as a whole, and in forming our opinion thereon, and we do not provide a separate opinion
on these matters. For each matter below, our description of how our audit addressed the matter is provided in that context.
We have fulfilled the responsibilities described in the Auditors’ responsibilities for the audit of the financial statements section of our
report, including in relation to these matters. Accordingly, our audit included the performance of procedures designed to respond to
our assessment of the risks of material misstatement of the financial statements. The results of our audit procedures, including the
procedures performed to address the matters below, provide the basis of our audit opinion on the accompanying financial statements.