INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS
OF PENTAMASTER CORPORATION BERHAD (572307-U)
Report on the Financial Statements
We have audited the financial statements of
Pentamaster Corporation Berhad
, which comprise the
statements of financial position as at
31 December 2014
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 financial year then ended, and a summary of significant accounting policies and other
explanatory notes, as set out on pages 38 to 89.
The financial statements for the preceding year ended 31 December 2013 were audited by another firm of
auditors whose report dated 24 April 2014, expressed an unqualified opinion on those statements.
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 Malaysian Financial Reporting Standards, International 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 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 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 the 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 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 December 2014
and of their financial performance and cash flows for the financial
year then ended in accordance with Malaysian Financial Reporting Standards, International Financial Reporting
Standards and the requirements of the Companies Act, 1965 in Malaysia.
Pentamaster Corporation Berhad
(572307-U)
•
Annual Report 2014
36
