Annual Report 1999 - Parkway Pantai

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Statement by Directorsfor the year ended 31 December 1999Parkway Holdings Limitedand its Subsidiaries37We, TONY TAN CHOON KEAT and, TAN KAI SENG being directors of PARKWAY HOLDINGSLIMITED, do hereby state that in our opinion:(a)(b)the financial statements set out on pages 39 to 89 are drawn up so as to give a true and fairview of the state of affairs of the Group and of the Company as at 31 December 1999, and ofthe results of the business of the Group and of the Company, and cash flows of the Group forthe year ended on that date; andat the date of this statement there are reasonable grounds to believe that the Company will beable to pay its debts as and when they fall due.On behalf of the Board of DirectorsTONY TAN CHOON KEATDirectorTAN KAI SENGDirectorSingapore27 March 2000
Parkway Holdings Limitedand its Subsidiaries38 Report of the Auditorsto the Members of Parkway Holdings LimitedWe have audited the financial statements of Parkway Holdings Limited and consolidated financialstatements of the Group for the year ended 31 December 1999 as set out on pages 39 to 89. Thesefinancial statements are the responsibility of the Company’s directors. Our responsibility is toexpress an opinion on these financial statements based on our audit.We conducted our audit in accordance with Singapore Standards on Auditing. Those Standardsrequire that we plan and perform the audit to obtain reasonable assurance about whether thefinancial statements are free of material misstatement. An audit includes examining, on a testbasis, evidence supporting the amounts and disclosures in the financial statements. An audit alsoincludes assessing the accounting principles used and significant estimates made by the directors,as well as evaluating the overall financial statement presentation. We believe that our audit providesa reasonable basis for our opinion.In our opinion:(a)the financial statements and consolidated financial statements are properly drawn up inaccordance with the provisions of the Companies Act, Chapter 50 (the “Act”) and SingaporeStatements of Accounting Standard and so as to give a true and fair view of:(i)(ii)the state of affairs of the Company and of the Group as at 31 December 1999 and of theresults of the Company and of the Group and of the cash flows of the Group for the yearended on that date; andthe other matters required by Section 201 of the Act to be dealt with in the financialstatements and consolidated financial statements;(b)the accounting and other records and the registers required by the Act to be kept by theCompany and by those subsidiaries incorporated in Singapore of which we are the auditorshave been properly kept in accordance with the provisions of the Act.We have considered the financial statements and auditors’ reports of the subsidiaries of which wehave not acted as auditors and the financial statements of the subsidiaries for which an audit is notrequired by the countries of incorporation, being financial statements that have been included inthe consolidated financial statements. The names of these subsidiaries are disclosed in note 5 to thefinancial statements.We are satisfied that the financial statements of the subsidiaries that have been consolidated withthe financial statements of the Company are in form and content appropriate and proper for thepurposes of the preparation of the consolidated financial statements and we have received satisfactoryinformation and explanations as required by us for those purposes.The auditors’ reports on the financial statements of the subsidiaries were not subject to anyqualification and in respect of subsidiaries incorporated in Singapore did not include any commentmade under Section 207(3) of the Act.KPMGCertified Public AccountantsSingapore27 March 2000
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Page 14 and 15: Parkway Holdings Limited13In 1999,
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Page 20 and 21: The Parkway LaboratoryServicesThe s
Page 22 and 23: Parkway Holdings Limited21will expe
Page 24 and 25: Parkway Holdings Limited23Other dev
Page 26 and 27: Financial StatementsParkway Holding
Page 28 and 29: Directors’ Reportfor the year end
Page 40 and 41: Consolidated Balance Sheetas at 31
Page 42 and 43: Consolidated Statement of Cash Flow
Page 44 and 45: Consolidated Statement of Cash Flow
Page 46 and 47: Profit and Loss Accountfor the year
Page 48 and 49: Notes to the Financial Statementsfo
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Notes to the Financial Statementsfo
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Notes to the Financial Statementsfo
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Summary of Major PropertiesParkway
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Comparative Figures for Financial Y
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Analysis of Shareholdingsas at 14 A
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Notice of Annual General MeetingPar
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Proxy FormParkway Holdings Limited(
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Project Consultant : Asia Business
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Annual Report 1999 - Parkway Pantai

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