LAPORAN TAHUNAN A N N U A L R E P O R T - Ahp.com.my
LAPORAN TAHUNAN A N N U A L R E P O R T - Ahp.com.my
LAPORAN TAHUNAN A N N U A L R E P O R T - Ahp.com.my
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AMANAH HARTA TANAH PNB 75<br />
INDEPENDENT AUDITORS’ REPORT TO THE UNIT<br />
HOLDERS OF AMANAH HARTA TANAH PNB (“the Trust”)<br />
Report on the financial statements<br />
We have audited the financial statements of AMANAH HARTA TANAH PNB (“the Trust”), which <strong>com</strong>prise the Statement of Assets<br />
and Liabilities as at 31 December 2009, and the Statement of In<strong>com</strong>e and Expenditure, Statement of Changes in Net Asset Value<br />
Attributable to Unit Holders and Cash Flow Statement for the year then ended, and a summary of significant accounting policies<br />
and other explanatory notes, as set out on pages 76 to 103.<br />
Manager’s and Trustee’s responsibility for the financial statements<br />
The Manager of the Trust is responsible for the preparation and fair presentation of these financial statements in accordance<br />
with Financial Reporting Standards and the Securities Commission’s Guidelines on Real Estate Investment Trusts in Malaysia. This<br />
responsibility includes: designing, implementing and maintaining internal control relevant to the preparation and fair presentation<br />
of financial statements that are free from material misstatement, whether due to fraud or error; selecting and applying appropriate<br />
accounting policies; and making accounting estimates that are reasonable in the circumstances. The Trustee is responsible for<br />
ensuring that the Manager maintains proper accounting and other records as are necessary to enable fair presentation of these<br />
financial statements.<br />
Auditors’ responsibility<br />
Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance<br />
with approved standards on auditing in Malaysia. Those standards require that we <strong>com</strong>ply with ethical requirements and plan<br />
and perform the audit to obtain reasonable assurance whether the financial statements are free from material misstatement.<br />
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements.<br />
The procedures selected depend on our judgment, including the assessment of risks of material misstatement of the financial<br />
statements, whether due to fraud or error. In making those risk assessments, we consider internal control relevant to the Trust’s<br />
preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the<br />
circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Trust’s internal control. An audit also<br />
includes evaluating the appropriateness of the accounting policies used and the reasonableness of accounting estimates made<br />
by the Manager, as well as evaluating the overall presentation of the financial statements.<br />
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.<br />
Opinion<br />
In our opinion, the financial statements have been properly drawn up in accordance with Financial Reporting Standards and the<br />
Securities Commission’s Guidelines on Real Estate Investment Trusts in Malaysia so as to give a true and fair view of the financial<br />
position of the Trust as at 31 December 2009, and of its financial performance, changes in net asset value attributable to unit<br />
holders and cash flows for the year then ended.<br />
Other matters<br />
This report is made solely to the unit holders of the Trust, as a body, and for no other purpose. We do not assume responsibility to<br />
any other person for the content of this report.<br />
Hanafiah Raslan & Mohamad Abdul Rauf bin Rashid<br />
AF: 0002 No. 2305/05/10(J)<br />
Chartered Accountants Chartered Accountant<br />
Kuala Lumpur, Malaysia<br />
26 January 2010