Financial Statements - Mewah Group

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MEWAH INTERNATIONAL INC. ANNUAL REPORT 2011 Directors’ Report For the financial year ended 31 December 2011 Audit Committee The members of the Audit Committee at the end of the financial year were as follows: Mr Lim How Teck (Chairman) Tan Sri Dato’ Ir. Muhammad Radzi Bin Haji Mansor Mr Giam Chin Toon All members of the Audit Committee are non-executive directors. The Audit Committee carried out its functions in accordance with Section 201B(5) of the Singapore Companies Act. In performing those functions, the Committee reviewed: the scope and the results of internal audit procedures with the internal auditor; the audit plan of the Company’s independent auditor and any recommendations on internal accounting controls arising from the statutory audit; the assistance given by the Company’s management to the independent auditor; and the statement of financial position of the Company and the consolidated financial statements of the Group for the financial year ended 31 December 2011 before their submission to the Board of Directors, as well as the independent auditor’s report on the statement of financial position of the Company and the consolidated financial statements of the Group. The Audit Committee has recommended to the Board that the independent auditor, PricewaterhouseCoopers LLP, be nominated for re-appointment at the forthcoming Annual General Meeting of the Company. Independent Auditor The independent auditor, PricewaterhouseCoopers LLP, has expressed its willingness to accept re-appointment. On behalf of the directors Dr Cheo Tong Choon @ Lee Tong Choon Director Ms Michelle Cheo Hui Ning Director 15 March 2012 46
Building Capabilities Statement by Directors For the financial year ended 31 December 2011 In the opinion of the directors, (a) (b) the statement of financial position of the Company and the consolidated financial statements of the Group as set out on pages 49 to 132 are drawn up so as to give a true and fair view of the state of affairs of the Company and of the Group as at 31 December 2011, and of the results of the business, changes in equity and cash flows of the Group for the financial year then ended; 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 directors Dr Cheo Tong Choon @ Lee Tong Choon Director Ms Michelle Cheo Hui Ning Director 15 March 2012 47
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Financial Statements - Mewah Group

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