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Annual Report 2015
49
Independent Auditor’s Report
To the Shareholders of
Cathay Pacific Airways Limited
(incorporated in Hong Kong with
limited liability)
Report on the audit of the consolidated
financial statements
Opinion
We have audited the consolidated financial statements of
Cathay Pacific Airways Limited and its subsidiaries
(together “the Group”) set out on pages 54 to 105, which
comprise the consolidated statement of financial position
as at 31st December 2015, the consolidated statement of
profit or loss and other comprehensive income, the
consolidated statement of changes in equity and the
consolidated statement of cash flows for the year then
ended and notes to the consolidated financial statements,
including a summary of significant accounting policies.
In our opinion, the consolidated financial statements give a
true and fair view of the consolidated financial position of
the Group as at 31st December 2015 and of its consolidated
financial performance and its consolidated cash flows for
the year then ended in accordance with Hong Kong
Financial Reporting Standards (“HKFRSs”) issued by the
Hong Kong Institute of Certified Public Accountants
(“HKICPA”) and have been properly prepared in compliance
with the Hong Kong Companies Ordinance.
Basis of opinion
We conducted our audit in accordance with Hong Kong
Standards on Auditing (“HKSAs”) issued by the HKICPA. Our
responsibilities under those standards are further
described in the Auditor’s responsibilities for the audit of
the consolidated financial statements section of our report.
We are independent of the Group in accordance with the
HKICPA’s Code of Ethics for Professional Accountants (“the
Code”) and we have fulfilled our other ethical responsibilities
in accordance with the Code. We believe that the audit
evidence we have obtained is sufficient and appropriate to
provide a basis for our opinion.
Key audit matters
Key audit matters are those matters that, in our professional
judgement, were of most significance in our audit of the
consolidated financial statements for the current period.
These matters were addressed in the context of our audit of
the consolidated financial statements as a whole, and in
forming our opinion thereon, and we do not provide a
separate opinion on these matters.