You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
78 <strong>The</strong> <strong>Link</strong> Real Estate Investment Trust <strong>Annual</strong> <strong>Report</strong> <strong>2007</strong><br />
Independent Auditor’s <strong>Report</strong><br />
INDEPENDENT AUDITOR’S REPORT TO THE UNITHOLDERS OF<br />
THE LINK REAL ESTATE INVESTMENT TRUST<br />
(A Hong Kong collective investment scheme authorised under section 104 of the Securities and Futures Ordinance (Chapter 571 of the<br />
Laws of Hong Kong))<br />
We have audited the consolidated financial statements of <strong>The</strong> <strong>Link</strong> Real Estate Investment Trust (“<strong>The</strong> <strong>Link</strong> <strong>REIT</strong>”) and its<br />
subsidiaries (together, the “Group”) set out on pages 80 to 112, which comprise the consolidated balance sheet as at 31 March<br />
<strong>2007</strong>, the consolidated income statement, the consolidated statement of changes in equity and net assets attributable to<br />
unitholders, the consolidated statement of cashflow and the statement of distributions for the year then ended and a summary<br />
of significant accounting policies and other explanatory notes.<br />
Manager's responsibility for the financial statements<br />
<strong>The</strong> Manager of <strong>The</strong> <strong>Link</strong> <strong>REIT</strong> is responsible for the preparation and the true and fair presentation of these consolidatedfinancial<br />
statements in accordance with Hong Kong Financial <strong>Report</strong>ing Standards issued by the Hong Kong Institute of Certified<br />
Public Accountants and is responsible for ensuring that the consolidatedfinancial statements have been properly prepared<br />
in accordance with the relevant provisions of the Trust Deed dated 6 September 2005, as amended by the First Supplemental<br />
Deed dated 4 November 2005, the Second Supplemental Deed dated 8 November 2005, the Third Supplemental Deed dated<br />
16 January 2006 and the Fourth Supplemental Deed dated 21 November 2006 (the “Trust Deed”), and the relevant disclosure<br />
requirements set out in Appendix C of the Code on Real Estate Investment Trusts established by the Securities and Futures<br />
Commission of Hong Kong (the “<strong>REIT</strong> Code”). This responsibility includes designing, implementing and maintaining internal<br />
control relevant to the preparation and the true and fair presentation of financial statements that are free from material<br />
misstatement, whether due to fraud or error; selecting and applying appropriate accounting policies; and making accounting<br />
estimates that are reasonable in the circumstances.<br />
Auditor's responsibility<br />
Our responsibility is to express an opinion on these consolidatedfinancial statements based on our audit and to report our<br />
opinion solely to the unitholders, as a body, and for no other purpose. We do not assume responsibility towards or accept liability<br />
to any other person for the contents of this report.<br />
We conducted our audit in accordance with Hong Kong Standards on Auditing issued by the Hong Kong Institute of Certified<br />
Public Accountants. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain<br />
reasonable assurance as to whether thefinancial statements are free from material misstatement.
Change language