Page 106 - ar2010

We have audited the fnancial statements of KPJ Healthcare Berhad on pages 106 to 173 which comprise the statements of fnancial position as at 31 December 2010 of the Group and of the Company, and the statements of comprehensive income, changes in equity and cash fows of the Group and of the Company for the year then ended, and a summary of signifcant accounting policies and other explanatory notes, as set out on Notes 1 to 46 (other than Note 43).

The Directors of the Company are responsible for the preparation of fnancial statements that give a true and fair view in accordance with MASB Approved Accounting Standards in Malaysia for Entities Other than Private Entities and the Companies Act, 1965, and for such internal control as the Directors determine are necessary to enable the preparation of fnancial statements that are free from material misstatement, whether due to fraud or error.

Our responsibility is to express an opinion on these fnancial statements based on our audit. We conducted our audit in accordance with approved standards on auditing in Malaysia. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance whether the fnancial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the fnancial statements. The procedures selected depend on our judgment, including the assessment of risks of material misstatement of the fnancial statements, whether due to fraud or error. In making those risk assessments, we consider internal control relevant to the entity’s preparation of fnancial 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 the Directors, as well as evaluating the overall presentation of the fnancial statements.

In our opinion, the fnancial statements have been properly drawn up in accordance with MASB Approved Accounting Standards in Malaysia for Entities Other than Private Entities and the Companies Act, 1965 so as to give a true and fair view of the fnancial position of the Group and of the Company as of 31 December 2010 and of their fnancial performance and cash fows for the year then ended.

In accordance with the requirements of the Companies Act, 1965 in Malaysia, we also report the following:

(a) In our opinion, the accounting and other records and the registers required by the Act to be kept by the Company and its subsidiaries of which we have acted as auditors have been properly kept in accordance with the provisions of the Act.

(b) We have considered the fnancial statements and the auditors’ reports of all the subsidiaries of which we have not acted as auditors, which are indicated in Note 20 to the fnancial statements.

(c) We are satisfed that the fnancial statements of the subsidiaries that have been consolidated with the Company’s fnancial statements are in form and content appropriate and proper for the purposes of the preparation of the fnancial statements of the Group and we have received satisfactory information and explanations required by us for those purposes.

(d) The audit reports on the fnancial statements of the subsidiaries did not contain any qualifcation or any adverse comment made under Section 174(3) of the Act.

The supplementary information set out in Note 43 on page 173 is disclosed to meet the requirement of Bursa Malaysia Securities Berhad and is not part of the fnancial statements. The Directors are responsible for the preparation of the supplementary information in accordance with Guidance on Special Matter No. 1, Determination of Realised and Unrealised Profts or Losses in the Context of Disclosure Pursuant to Bursa Malaysia Securities Berhad Listing Requirements, as issued by the Malaysian Institute of Accountants (“MIA Guidance”) and the directive of Bursa Malaysia Securities Berhad. In our opinion, the supplementary information is prepared, in all material respects, in accordance with the MIA Guidance and the directive of Bursa Malaysia Securities Berhad.