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GDS Global Limited Annual Report 2015
INDEPENDENT
AUDITORS’ REPORT
To the Members of GDS Global Limited
Report on the Financial Statements
We have audited the accompanying financial statements of GDS Global Limited (the “Company”)
and its subsidiaries (the “Group”), which comprise the consolidated statement of financial
position of the Group and the statement of financial position of the Company as at 30
September 2015, and the consolidated statement of profit or loss and other comprehensive
income, statement of changes in equity and statement of cash flows of the Group and the
statement of changes in equity of the Company for the year then ended, and a summary of
significant accounting policies and other explanatory information, as set out on pages 48
to 86.
Management’s Responsibility for the Financial Statements
Management is responsible for the preparation of financial statements that give a true and fair view in
accordance with the provisions of the Singapore Companies Act (the “Act”) and Singapore Financial
Reporting Standards, and for devising and maintaining a system of internal accounting controls sufficient
to provide a reasonable assurance that assets are safeguarded against loss from unauthorised use or
disposition; and transactions are properly authorised and that they are recorded as necessary to permit
the preparation of true and fair financial statements and to maintain accountability of assets.
Auditors’ Responsibility
Our responsibility is to express an opinion on these financial statements based on our audit. We
conducted our audit in accordance with Singapore Standards on Auditing. Those standards require that
we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance
about whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures
in the financial statements. The procedures selected depend on the auditor’s judgement, including the
assessment of the risks of material misstatement of the 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 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 management, as well as evaluating the
overall presentation of the 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 of the Group and the statement of financial
position and statement of changes in equity of the Company are properly drawn up in accordance with
the provisions of the Act and Singapore Financial Reporting Standards so as to give a true and fair view
of the financial position of the Group and of the Company as at 30 September 2015 and the financial
performance, changes in equity and cash flows of the Group and changes in equity of the Company for
the year ended on that date.
