38
In the opinion of the directors:
(a) the consolidated financial statements of the Group and the statement of financial position, statement of profit or loss
and other comprehensive income and statement of changes in equity of the Co-operative set out on pages 42 to 107 are
drawn up so as to give a true and fair view of the state of affairs of the Group and of the Co-operative as at December
31, 2014, and of the results, changes in equity and cash flows of the Group and results and changes in equity of the Co-
operative for the financial year then ended and at the date of this statement, there are reasonable grounds to believe that
the Co-operative will be able to pay its debts when they fall due; and
(b) the receipts, expenditure, investment of moneys, acquisition and disposal of assets by the Co-operative during the
financial year ended December 31, 2014 have been made in accordance with the provisions of the Co-operative Societies
Act, Cap. 62 and the By-Laws of the Co-operative.
ON BEHALF OF THE DIRECTORS
Bobby Chin Yoke Choong
Tan Hwee Bin
April 23, 2015
Statement of Directors
