Lenovo 2015 Annual Report Download - page 141

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2014/15 Annual Report Lenovo Group Limited
INDEPENDENT AUDITOR’S REPORT
Independent Auditor’s Report
To the members of Lenovo Group Limited
(incorporated in Hong Kong with limited liability)
We have audited the consolidated financial statements of Lenovo Group Limited (the “Company”) and its subsidiaries set out on
pages 140 to 210, which comprise the consolidated balance sheet as at March 31, 2015, and the consolidated income statement,
the consolidated statement of comprehensive income, the consolidated statement of changes in equity and the consolidated cash
flow statement for the year then ended, and a summary of significant accounting policies and other explanatory information.
Directors’ Responsibility for the Consolidated Financial Statements
The directors of the Company are responsible for the preparation of consolidated financial statements that give a true and fair view
in accordance with Hong Kong Financial Reporting Standards issued by the Hong Kong Institute of Certified Public Accountants,
and the Hong Kong Companies Ordinance, and for such internal control as the directors determine is necessary to enable the
preparation of consolidated financial statements that are free from material misstatement, whether due to fraud or error.
Auditor’s Responsibility
Our responsibility is to express an opinion on these consolidated financial statements based on our audit and to report our opinion
solely to you, as a body, in accordance with section 405 of the Hong Kong Companies Ordinance and for no other purpose. We
do not assume responsibility towards or accept liability to any other person for the contents of this report.
We conducted our audit in accordance with Hong Kong Standards on Auditing issued by the Hong Kong Institute of Certified
Public Accountants. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain
reasonable assurance about whether the consolidated financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the consolidated financial
statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material
misstatement of the consolidated financial statements, whether due to fraud or error. In making those risk assessments, the auditor
considers internal control relevant to the entity’s preparation of consolidated financial statements that give a true and fair view
in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion
on the effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of accounting policies
used and the reasonableness of accounting estimates made by the directors, as well as evaluating the overall presentation of the
consolidated financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Opinion
In our opinion, the consolidated financial statements give a true and fair view of the financial position of the Company and its
subsidiaries as at March 31, 2015, and of their financial performance and cash flows for the year then ended in accordance
with Hong Kong Financial Reporting Standards and have been properly prepared in compliance with the Hong Kong Companies
Ordinance.
PricewaterhouseCoopers
Certified Public Accountants
Hong Kong, May 21, 2015