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Directors’ contractual benefits
No director of the Trustee-Manager has received or become entitled to receive a beneft by reason of any material contract made by
the Trust or its subsidiaries with the director or with a frm of which he is a member or with a company in which he has a substantial
fnancial interest, except as disclosed in the accompanying accounts and in this report, and except that certain directors receive
remuneration as a result of their employment with such subsidiaries.
Audit Committee
The members of the audit committee of the Trustee-Manager (“Audit Committee”) during the year, at the end of the year and at the
date of this report were as follows:
Mr. Graeme Allan Jack (Chairman)
Mrs. Sng Sow-Mei (alias Poon Sow Mei)
Mr. Frank John Sixt
Mr. Graeme Allan Jack and Mrs. Sng Sow-Mei (alias Poon Sow Mei) are independent and are non-executive directors. Mr. Frank John
Sixt is a non-executive director with the relevant business and fnancial management experience and skills to understand fnancial
statements and contribute to the fnancial governance, internal controls and risk management of the Trust.
The Audit Committee carried out its functions in accordance with Regulation 13(6) of the Business Trusts Regulations 2005. In
performing its functions, the Audit Committee has reviewed:
• the scope and the results of internal audit procedures with the internal auditor of the Trustee-Manager;
• with the independent auditor of the Trust, the audit plan of the Trust and the independent auditor’s report in relation to signifcant
accounting, tax and internal control matters of the Trust arising from the statutory audit;
• the assistance given by the offcers of the Trustee-Manager to the independent auditor; and
• the statement of fnancial position and statement of changes in equity of the Trust and the consolidated accounts of the Group
for the year ended 31 December 2013 before their submission to the Board of Directors of the Trustee-Manager (“Board”), as
well as the independent auditor’s report on the statement of fnancial position and statement of changes in equity of the Trust
and the consolidated accounts of the Group.
The Audit Committee has recommended to the Board that the independent auditor, PricewaterhouseCoopers LLP, be nominated for
re-appointment as the auditor of the Trust at the forthcoming Annual General Meeting of the unitholders.
Board Opinion on the Adequacy of Internal Controls
The Board, through the Audit Committee, has conducted a review of the effectiveness of the Group’s internal control systems for the
year ended 31 December 2013 covering all material fnancial, operational and compliance and information technology controls as well
as risk management functions, and is satisfed that such systems are effective and adequate.
Independent auditor
The independent auditor, PricewaterhouseCoopers LLP, has expressed its willingness to accept re-appointment.
On behalf of the Board of Directors of the Trustee-Manager
John Edward Wenham Meredith Ip Sing Chi
Director Director
11 February 2014
REPORT OF THE
TRUSTEE-MANAGER
HUTCHISON PORT HOLDINGS TRUST 64