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CORDLIFE GROUP LIMITED
| ANNUAL REPORT 2015
INDEPENDENT AUDITOR’S REPORT
TO THE MEMBERS OF CORDLIFE GROUP LIMITED
REPORT ON THE FINANCIAL STATEMENTS
We have audited the accompanying financial statements of Cordlife Group Limited (the “Company”) and its
subsidiaries (the “Group”) set out on pages 58 to 132, which comprise the statements of financial position of the
Group and the Company as at 30 June 2015, the statements of changes in equity of the Group and the Company
and the consolidated statement of comprehensive income and consolidated statement of cash flows of the Group
for the year then ended, and a summary of significant accounting policies and other explanatory information.
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.
Auditor’s 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 judgment, 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 and
statement of changes in equity 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 30 June 2015 and of the financial performance, changes in equity and cash flows of the
Group and the changes in equity of the Company for the year ended on that date.
