Report Of Management

 

Management of Saigon Securities Incorporation (“the Company”) is pleased to present its report and the consolidated financial statements of the Company and its subsidiaries as at and for the year ended 31 December 2017.


MANAGEMENT’S RESPONSIBILITY IN RESPECT OF THE CONSOLIDATED FINANCIAL STATEMENTS


Management is responsible for the consolidated financial statements of each financial year which give a true and fair view of the consolidated state of affairs of the Company and its subsidiaries and of the consolidated results of their operations, their consolidated cash flows and their consolidated changes in owners’ equity for the year. In preparing those consolidated financial statements, Management is required to:
  select suitable accounting policies and apply them consistently;
  make judgments and estimates that are reasonable and prudent;
  state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the consolidated financial statements; and
  prepare the consolidated financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.


Management is responsible for ensuring that proper accounting records are kept to disclose, with reasonable accuracy at any time, the financial position of the Company and its subsidiaries and to ensure that the accounting records comply with the applied accounting system. It is also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of frauds and other irregularities.


Management confirmed that it has complied with the above requirements in preparing the accompanying consolidated financial statements.


STATEMENT BY MANAGEMENT
Management does hereby state that, in its opinion, the accompanying consolidated financial statements give a true and fair view of the consolidated financial position of the Company and its subsidiaries as at 31 December 2017 and of the consolidated results of its operations, its consolidated cash flow statement and its consolidated statement of changes in owners’ equity for the year then ended in accordance with Vietnamese Accounting Standards, Vietnamese Enterprise Accounting System, accounting guidance applicable to securities companies and statutory requirements relevant to preparation and presentation of consolidated financial statements.


For and on behalf of Management:

 

 

 

Mr. Nguyen Duy Hung

Chief Executive Officer

Ho Chi Minh City, Vietnam

26 March 2018