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Report on the financial statements (cont’d)
Opinion
In our opinion, the financial statements have been properly drawn up in accordance with Malaysian
Financial Reporting Standards, International Financial Reporting Standards and the requirements of
the Companies Act, 1965 in Malaysia so as to give a true and fair view of the financial position of the
Group and of the Company as at 31 December 2015 and of their financial performance and cash
flows for the year then ended.
Emphasis of Matter
Without qualifying our opinion, we draw attention to the financial statements on the followings:
(i) Note 5 and 6, impairment losses on transit TV system, broadcasting infrastructure and
broadcasting licences of RM76,013,211 and its remaining unimpaired carrying amount of
RM23,840,736.
(ii) Note 9, impairment loss on goodwill made in the financial statements of RM2,612,310.
Report on other legal and regulatory requirements
In accordance with the requirements of the Companies Act, 1965 in Malaysia, we also report the
following:
(a) In our opinion, the accounting and other records and the registers required by the Act to be kept
by the Company and its subsidiaries for which we have acted as auditors have been properly
kept in accordance with the provisions of the Act.
(b) We are satisfied that the financial statements of the subsidiaries that have been consolidated
with the financial statements of the Company are in form and content appropriate and proper for
the purposes of the preparation of the consolidated financial statements and we have received
satisfactory information and explanations required by us for those purposes.
(c) The auditors’ reports on the financial statements of the subsidiaries were not subject to any
qualification and did not include any comment required to be made under Section 174(3) of the
Act. Other than those subsidiaries with emphasis of matter paragraph in the auditors’ reports
disclosed in Note 8 to the financial statements, the auditors’ reports on the financial statements
of the remaining subsidiaries did not contain any qualification or any adverse comments made
under Section 174(3) of the Companies Act, 1965 in Malaysia.
pg.
56
Asia Media Group Berhad
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Annual Report 2015
Independent Auditors’ Report
(continued)