Report Of Management

 

Management of Saigon Securities Incorporation (“the Company”) is pleased to present its report and the Company’s consolidated financial statements as at and for the year ended 31 December 2016.

 

 

MANAGEMENT’S RESPONSIBILITY IN RESPECT OF THE CONSOLIDATED FINANCIAL STATEMENTS

 

Management is responsible for the consolidated financial statements of each financial year that give a true and fair view of the consolidated state of affairs of the Company and of the consolidated results of its operations, its consolidated cash flows and 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 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 as at 31 December 2016 and of the consolidated results of its operations, its consolidated cash flows and its consolidated 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

27 March 2017