Members of the Company
TeleChoice International Limited
Report on the financial statements
We have audited the accompanying financial statements of TeleChoice International Limited (the “Company”) and its subsidiaries (the
“Group”), which comprise the statements of financial position of the Group and the Company as at 31 December 2015, the income
statement, statement of comprehensive income, statement of changes in equity and cash flow statement of the Group for the year
then ended, and a summary of significant accounting policies and other explanatory information, as set out on pages 55 to 118.
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.
Auditors’ 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.
Opinion
In our opinion, the consolidated financial statements of the Group and the statement of financial position 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 financial position of the Group and of the Company as at 31 December 2015 and the financial performance, changes in equity
and cash flows of the Group for the year ended on that date.
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TELECHOICE INTERNATIONAL LIMITED
2015 ANNUAL REPORT
INDEPENDENT
AUDITORS’ REPORT
