DRAFT FOR DISCUSSION XXXXXXX XXXXX Financial Statements and Au ditors' Report For the y ear ended 31 December 2009 XXXXXXX DRAFT FOR DISCUSSION FINANCIAL STATEMENTS AND AUDITORS' REPORT FOR THE YEAR ENDED 31 DECEMBER 2009 CONTENTS PAGE(S) AUDITORS' REPORT 1 - 2 BALANCE SHEET 3 - 4 INCOME STATEMENT 5 CASH FLOW STATEMENT 6 - 7 NOTES TO THE FINANCIAL STATEMENTS 8 - 23 DRAFT FOR DISCUSSION - 1 - De Shi Bao (Shen) Zi (10) No.P [Translation] AUDITORS’ REPORT TO THE BOARD OF DIRECTORS OF GATES UNITTA POWER TRANSMISSION (SUZHOU) LIMITED We have audited the accompanying financial statements of XXXX ("the Company"), which comprise the balance sheet as of 31 December 2009, and the income statement and cash flow statement for the year then ended, and notes to the financial statements. 1. Management’s responsibility for the financial statements Management is responsible for the preparation of these financial statements in accordance with the Accounting Standards for Business Enterprises and the Accounting System for Business Enterprises. This responsibility includes: (1) designing, implementing and maintaining internal control relevant to the preparation of financial statements that are free from material misstatement, whether due to fraud or error; (2) selecting and applying appropriate accounting policies; and (3) making accounting estimates that are reasonable in the circumstances. 2. Auditors' responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with Chinese Certified Public Accountants Auditing Standards. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable a...
