Page 116 - Hang Lung Properties 2012 Annual Report

€̬ਪபʿࣨᅰ
1. ৌਕිజ
໨ԫ࿁͉ʮ̡˸ܵᚃᐄ༶މਿ๟ הᇜႡٙ
ৌਕజ וڌዄப΂dԨ׵Ϟც ࠅࣛމৌਕ
జڌЪ̈Υଣٙ৿ணձڭवจԈf͉ʮ̡
ʘৌਕజڌɗܲ๫ɪ̹஝ ۆeʮ̡ૢԷʿ
࠰ಥʮႩึࠇࡡۆʿς ۆʘ஝֛ϾᇜႡd
Ԩ஫࿏મ͜Υቇʘึࠇ݁ഄʿЪ̈ᄲฐʿ
ΥଣʘкᓙձПࠇf̮໌ࣨᅰࢪdଭ৵ ۾
ึࠇࢪԫਕהʊί͉ʮ̡ৌਕజ ڌٙዹͭ
ࣨᅰࢪజѓʕఱ˼ࡁٙ͡జப΂Ъ̈ᑊ׼f
໨ԫ׵ϋజeʕಂజѓeٰᄆઽชʮбʿ
ܲɪ̹஝ ۆ ձج ஝ࠅ ӋٙՉ˼ מ ᚣ˖΁
lzd ߧɢᆽڭఱ͉ʮ̡ʘً رձ౻ۃ Ъ̈
̻ፅe૶౸ʿ׸׵ଣ༆ʘ൙ᄲf
2. lz௅္છ
ҢࡁၪܵԄλٙlz௅္છӻ୕dᆽڭlz௅
္છӻ୕ʿ೻ҏϞࣖ༶ЪdԨί̀ࠅࣛЪ
̈ҷഛfܛߏ ςࠑ༉ۆ ͉ණྠʘ຾ᐄุਕ
֚ϙdЪהމϞࡰʈԱ੽ʘᅺ๟f
ணͭlz௅္છՓܓd݊ މəᜫҢ ࡁ္࿀͉
ණྠʘ዆᜗ৌਕًرiԣ˟༟ପաฦ א஗
࣑͜iఱࠠɽൟᗺʿ፹̰Ъ̈Υଣཫԣણ
݄i˸ʿఱΪೌ༺ج ϓ͉ණྠʘͦᅺϾ̙
ঐ੭ԸʘࠬᎈЪ̈၍ଣf
Ңࡁ ࿁ੂБ։ࡰึe໨ԫeБ݁ɛࡰʿ
৷ॴᔖࡰʘ ݺਗணϞ׼ᆽʘत֛ᛆࠢf
ϋܓʿʕಂཫၑࣩٙהϞ༟͉ʿϗɝධͦ
ᇜႡܝdѩ඲΋ᐏ৷ॴ၍ଣɛࡰʿ˴ࠅБ݁
ɛࡰҭ ࡘ˙̙મॶfҢ ࡁ੗ʲ္࿀΢ධุ
ਕdᄲቡӊ˜ʘৌਕุᐶʿၾཫၑЪ̈ˢ
༰dԨʔࣛᏨীeһอʿҷഛlz௅္છ˸ࠦ
࿁͊Ըٙܿ኷f
(IV) Accountability and Audit
1. Financial Reporting
Directors acknowledge their responsibility for preparing the financial
statements on a going concern basis, with supporting assumptions or
qualifications as necessary. The Company’s financial statements are
prepared in accordance with the Listing Rules, Companies Ordinance
and also the accounting principles and practices generally accepted
in Hong Kong. Appropriate accounting policies are selected and
applied consistently; judgments and estimates made are prudent
and reasonable. A statement by the external auditor, KPMG, about
their reporting responsibilities is included in the Independent Auditor’s
Report on the Company’s financial statements.
The Directors endeavor to ensure a balanced, clear and understandable
assessment of the Company’s position and prospects in annual reports,
interim reports, price-sensitive announcements and other disclosures
required under the Listing Rules and other statutory requirements.
2. Internal Control
We maintain a good internal control environment to enable the internal
control systems and procedures to perform effectively and to make
improvements where necessary. The Code of Conduct details the
Group’s philosophy in running its business and acts as a benchmark
for all staff to follow.
Internal control systems have been designed to allow us to monitor
the Group’s overall financial position, to safeguard its assets against
loss and misappropriation, to provide reasonable assurance against
material fraud and errors, and to manage the risk in failing to achieve
the Group’s objectives.
We have a well defined specific limit of authority governing activities of
the Executive Committee, Directors, executives and senior staff. Annual
and mid-year budgets on all capital and revenue items are prepared
and approved by senior management and key executives before being
adopted. We monitor the business activities closely and review monthly
financial results of operations against budgets. We also review, update
and improve the internal controls to meet upcoming challenges.
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