ANNUAL REPORT 2025 131 INDEPENDENT AUDITOR’S REPORT To the Unitholders of Hutchison Port Holdings Trust Report on the Audit of the Financial Statements Our opinion In our opinion, the accompanying consolidated fi nancial statements of Hutchison Port Holdings Trust (“the Trust”) and its subsidiaries (“the Group”) and the statement of fi nancial position and statement of changes in equity of the Trust are properly drawn up in accordance with the provisions of the Singapore Business Trusts Act 2004 (“the Act”) and HKFRS Accounting Standards so as to give a true and fair view of the consolidated fi nancial position of the Group and the fi nancial position of the Trust as at 31 December 2025 and of the consolidated fi nancial performance, consolidated changes in equity and consolidated cash fl ows of the Group and the changes in equity of the Trust for the year ended on that date. What we have audited The fi nancial statements of the Trust and the Group comprise: the consolidated income statement of the Group for the year ended 31 December 2025; the consolidated statement of comprehensive income of the Group for the year then ended; the consolidated statement of fi nancial position of the Group as at 31 December 2025; the statement of fi nancial position of the Trust as at 31 December 2025; the consolidated statement of cash fl ows of the Group for the year then ended; the consolidated statement of changes in equity of the Group for the year then ended; the statement of changes in equity of the Trust for the year then ended; and the notes to the fi nancial statements, comprising material accounting policy information and other explanatory information. Basis for Opinion We conducted our audit in accordance with International Standards on Auditing (“ISAs”). Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We believe that the audit evidence we have obtained is suffi cient and appropriate to provide a basis for our opinion. Independence We are independent of the Group in accordance with the Accounting and Corporate Regulatory Authority Code of Professional Conduct and Ethics for Public Accountants and Accounting Entities (“ACRA Code”) as applicable to audits of fi nancial statements of public interest entities, together with the ethical requirements that are relevant to audits of the fi nancial statements of public interest entities in Singapore. We have also fulfi lled our other ethical responsibilities in accordance with these requirements and the ACRA Code. Our Audit Approach As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the accompanying fi nancial statements. In particular, we considered where management made subjective judgements; for example, in respect of signifi cant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. As in all of our audits, we also addressed the risk of management override of internal controls, including among other matters consideration of whether there was evidence of bias that represented a risk of material misstatement due to fraud.
RkJQdWJsaXNoZXIy NTM2MDQ5