Page 69 - ar2013

independent
auditor’s report
Report on the accounts
We have audited the accompanying accounts of Hutchison Port Holdings Trust (the “Trust”) and its subsidiaries (the “Group”) set
out on pages 68 to 118, which comprise the consolidated statement of fnancial position of the Group and the statement of fnancial
position of the Trust as at 31 December 2013, the consolidated income statement, the consolidated statement of comprehensive
income and the consolidated statement of changes in equity of the Group, the statement of changes in equity of the Trust, and the
consolidated statement of cash fows of the Group for the fnancial year then ended, and a summary of signifcant accounting policies
and other explanatory information.
Trustee-Manager’s responsibility for the accounts
Hutchison Port Holdings Management Pte. Limited (the “Trustee-Manager”) is responsible for the preparation of accounts that give
a true and fair view in accordance with the provisions of the Singapore Business Trusts Act (the “Act”) and Hong Kong Financial
Reporting Standards, and for devising and maintaining a system of internal accounting controls suffcient 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 income statements and statements of fnancial
position and to maintain accountability of assets.
Auditor’s responsibility
Our responsibility is to express an opinion on these accounts based on our audit. We conducted our audit in accordance with
International 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 accounts are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the accounts. The
procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the
accounts, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to
the entity’s preparation of accounts 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
Trustee-Manager, as well as evaluating the overall presentation of the accounts.
We believe that the audit evidence we have obtained is suffcient and appropriate to provide a basis for our audit opinion.
Opinion
In our opinion, the accounts of the Group and the statement of fnancial position and the statement of changes in equity of the Trust
are properly drawn up in accordance with the provisions of the Act and Hong Kong Financial Reporting Standards so as to give a true
and fair view of the state of affairs of the Group and of the Trust as at 31 December 2013, and of the results, changes in equity and
cash fows of the Group and the changes in equity of the Trust for the fnancial year ended on that date.
Report on other legal and regulatory requirements
In our opinion, the accounting and other records required by the Act to be kept by the Trustee-Manager have been properly kept in
accordance with the provisions of the Act.
PricewaterhouseCoopers LLP
Public Accountants and Chartered Accountants
Singapore, 11 February 2014
TO THE UNITHOLDERS OF HUTCHISON PORT HOLDINGS TRUST
Annual Report 2013 67