Annual Report 2008 年報 - Irasia.com

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INDEPENDENT AUDITOR’S REPORT TO THE SHAREHOLDERS OF SUPERB SUMMIT INTERNATIONAL TIMBER COMPANY LIMITED (INCORPORATED IN THE CAYMAN ISLANDS WITH LIMITED LIABILITY) We have audited the consolidated financial statements of Superb Summit International Timber Company Limited (the “Company”) and its subsidiaries (collectively referred to as the “Group”) set out on pages 39 to 128, which comprise the consolidated and Company balance sheets as at 31 December, 2008, and the consolidated income statement, the consolidated statement of changes in equity and the consolidated cash flow statement for the year then ended, and a summary of significant accounting policies and other explanatory notes. DIRECTORS’ RESPONSIBILITY FOR THE CONSOLIDATED FINANCIAL STATEMENTS The directors of the Company are responsible for the preparation and the true and fair presentation of these consolidated financial statements in accordance with Hong Kong Financial Reporting Standards issued by the Hong Kong Institute of Certified Public Accountants and the disclosure requirements of the Hong Kong Companies Ordinance. This responsibility includes designing, implementing and maintaining internal control relevant to the preparation and the true and fair presentation of consolidated financial statements that are free from material misstatement, whether due to fraud or error, selecting and applying appropriate accounting policies, and making accounting estimates that are reasonable in the circumstances. AUDITOR’S RESPONSIBILITY Our responsibility is to express an opinion on these consolidated financial statements based on our audit and to report our opinion solely to you, as a body, and for no other purpose. We do not assume responsibility towards or accept liability to any other person for the contents of this report. Except for the limitation in the scope of our work as explained below, we conducted our audit in accordance with Hong Kong Standards on Auditing issued by the Hong Kong Institute of Certified Public Accountants. 39128 2008 – 35
INDEPENDENT AUDITOR’S REPORT Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance as to whether the consolidated financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the consolidated financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the consolidated financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Group’s preparation and true and fair presentation of the consolidated financial statements 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 Group’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 consolidated financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Basis for disclaimer opinion Scope limitation – recoverability of amount due from a shareholder of minority interests In respect of the amount due from a shareholder of minority interests with a carrying amount of approximately HK$325,111,000 as at 31 December 2008, in the absence of sufficient evidence available for our inspection, we have not been able to verify its recoverability. There were no alternative satisfactory audit procedures that we could adopt to obtain adequate assurance regarding the above issue. Any adjustment to the figures may have a consequential significant effect on the result for the period and net assets at the balance sheet date. 325,111,000 36 SUPERB SUMMIT INTERNATIONAL TIMBER COMPANY LIMITED – Annual Report 2008
Page 1 and 2: Annual Report 2008 SUPERB SUMMIT I
Page 3 and 4: FINANCIAL HIGHLIGHTS BUSINESS REVI
Page 5 and 6: CHAIRMAN’S STATEMENT I am please
Page 7 and 8: MANAGEMENT DISCUSSION AND ANALYSIS
Page 13 and 14: REPORT OF THE DIRECTORS The direct
Page 15 and 16: REPORT OF THE DIRECTORS PROPERTY,
Page 17 and 18: REPORT OF THE DIRECTORS Independen
Page 19 and 20: REPORT OF THE DIRECTORS Note: Thes
Page 21 and 22: REPORT OF THE DIRECTORS DIRECTORS
Page 23 and 24: CORPORATE INFORMATION HEAD OFFICE
Page 25 and 26: CORPORATE GOVERNANCE REPORT The bo
Page 27 and 28: CORPORATE GOVERNANCE REPORT The Bo
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Page 41 and 42: CONSOLIDATED BALANCE SHEET AT 31 D
Page 43 and 44: BALANCE SHEET AT 31 DECEMBER 2008
Page 45 and 46: CONSOLIDATED STATEMENT OF CHANGES I
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