notes to the financial statements - Food Empire Holdings Limited

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DIRECTORS’ REPORT (cont’d) Audit Committee The Audit Committee (“AC”) carried out its functions in accordance with Section 201B (5) of the Singapore Companies Act, Cap. 50. The functions performed by the AC are detailed in the Report on Corporate Governance. The Board of Directors and the AC have reviewed the adequacy of the Group’s internal controls, including financial, operational and compliance controls. Based on work done by the internal and external auditors and reviews performed by management throughout the financial year 2012, the Board, with the concurrence of the AC, is of the opinion that the systems of internal controls in place are adequate to address the financial, operational and compliance risks and also providing reasonable assurance of the effectiveness of the Group in safeguarding its assets and shareholders’ value. Auditors Ernst & Young LLP have expressed their willingness to accept re-appointment as auditors. On behalf of the Board of Directors, Tan Wang Cheow Director Sudeep Nair Director 21 March 2013 48
Food Empire Holdings Limited Annual Report 2012 STATEMENT BY DIRECTORS We, Tan Wang Cheow and Sudeep Nair, being two of the Directors of Food Empire Holdings Limited, do hereby state that, in the opinion of the Directors: (i) (ii) the accompanying balance sheets, consolidated income statement, consolidated statement of comprehensive income, statements of changes in equity, and consolidated cash flow statement together with notes thereto are drawn up so as to give a true and fair view of the state of affairs of the Group and of the Company as at 31 December 2012 and the results of the business, changes in equity and cash flows of the Group and the changes in equity of the Company for the year ended on that date; and at the date of this statement, there are reasonable grounds to believe that the Company will be able to pay its debts as and when they fall due. On behalf of the Board of Directors, Tan Wang Cheow Director Sudeep Nair Director 21 March 2013 49
Page 1: INVEST MONEY ASSET PRODUCTS WORK IT
Page 4 and 5: INTRODUCTION VOYAGE OF DISCOVERIES
Page 6 and 7: CORPORATE PROFILE EVERYTHING YOU NE
Page 8 and 9: EXECUTIVE CHAIRMAN’S MESSAGE FRON
Page 10 and 11: EXECUTIVE CHAIRMAN’S MESSAGE In N
Page 12 and 13: CEO’S STATEMENT PERSPECTIVE “ I
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Page 18 and 19: MARKETING ACTIVITIES CREATING BUZZ
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Page 22 and 23: GLOBAL PRESENCE COAST TO COAST Russ
Page 24 and 25: NEW PRODUCTS MAKE WAY FOR THESE NEW
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Page 28 and 29: BOARD OF DIRECTORS DID YOU KNOW ? M
Page 30 and 31: STAFF CONTRIBUTION EXPLORERS’ TAL
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Page 56 and 57: BALANCE SHEETS As at 31 December 20
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NOTES TO THE FINANCIAL STATEMENTS (
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SHAREHOLDERS’ INFORMATION (cont
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NOTICE OF ANNUAL GENERAL MEETING NO
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NOTICE OF ANNUAL GENERAL MEETING (c
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Notes : 1. Please insert the total
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notes to the financial statements - Food Empire Holdings Limited

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