Independent
Auditor’s Report
REPORT ON THE FINANCIAL STATEMENTS
We have audited the accompanying financial statements of Hutchison Port Holdings Trust (the “Trust”) and its subsidiaries
(the “Group”) set out on pages 69 to 118, which comprise the consolidated statement of financial position of the Group and
the statement of financial position of the Trust as at 31 December 2015, the consolidated income statement, the consolidated
statement of comprehensive income and the consolidated statement of changes in equity of the Group, the statement of changes
in equity of the Trust, and the consolidated statement of cash flows of the Group for the financial year then ended, and a summary
of significant accounting policies and other explanatory information.
TRUSTEEMANAGER’S RESPONSIBILITY FOR THE FINANCIAL STATEMENTS
Hutchison Port Holdings Management Pte. Limited (the “Trustee-Manager”) is responsible for the preparation of financial
statements that give a true and fair view in accordance with the provisions of the Singapore Business Trusts Act (the “Act”) and
Hong Kong Financial Reporting Standards, and for devising and maintaining a system of internal accounting controls su¢cient 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.
AUDITOR’S RESPONSIBILITY
Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in
accordance with International 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 judgment, 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 e
ectiveness 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 Trustee-Manager, as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is su¢cient and appropriate to provide a basis for our audit opinion.
OPINION
In our opinion, the financial statements of the Group and the statement of financial position and the statement of changes in equity
of the Trust are properly drawn up in accordance with the provisions of the Act and Hong Kong Financial Reporting Standards so
as to give a true and fair view of the financial position of the Group and of the Trust as at 31 December 2015, and of the financial
performance, changes in equity and cash flows of the Group and the changes in equity of the Trust for the financial year ended on
that date.
REPORT ON OTHER LEGAL AND REGULATORY REQUIREMENTS
In our opinion, the accounting and other records required by the Act to be kept by the Trustee-Manager have been properly kept
in accordance with the provisions of the Act.
PricewaterhouseCoopers LLP
Public Accountants and Chartered Accountants
Singapore, 2 February 2016
TO THE UNITHOLDERS OF
HUTCHISON PORT HOLDINGS TRUST
OPTIMISING FOR THE FUTURE
068
