Page 127 - Mono Technology Public Company Limited : Annual Report 2014 EN

Report of Board of Directors

Responsibilities to the Financial Statements

To Shareholders,

The Board of Directors is responsible for separate financial statements of Mono Technology Public

Company Limited and consolidated financial statements of Mono Technology Public Company Limited and
subsidiaries, including financial information presented in this annual report. The aforementioned financial
statements have been prepared in accordance with generally accepted accounting principles, with
appropriate accounting policies applied on a consistent basis. Where judgment and estimates were required,

these were made with careful and reasonable consideration, and adequate disclosures have been made in
the notes to the financial statements. These financial statements have been audited by independent certified
auditors who have given their unqualified opinions.

The Board of Directors supports the practice of good corporate governance, risk management system

and appropriate and efficient internal controls to ensure that the Companys financial information is accurate
and complete, thus promoting our efficient, transparent and reliable business operation.

In this regard, the Board of Directors has appointed an Audit Committee comprising of three
independent directors to be responsible for reviewing the accounting policy, financial reports, internal controls,

internal audit and risk management system. The Audit Committee has also reviewed a disclosure of related
party transactions. All comments of the Audit Committee on these issues have included in the Report of
the Audit Committee, which is presented in this annual report.

The separate financial statements of the Company and the consolidated financial statements of
Company and subsidiaries for the year ended December 31, 2014 have been audited by EY Office Limited

- an external auditor. To conduct the audits and express an opinion in accordance with generally accepted
auditing standards, the auditor was provided with all of the Companys records and related data. The auditors
opinion is presented in the independent auditors report as part of this annual report.

The Board of Directors is of the opinion that the Companys overall internal control system is

adequate and appropriate and can reasonably assure the creditability of the separate financial statements
of the Company and the consolidated financial statements of the Company and subsidiaries for the year
ended December 31, 2014.

Mr. Pete Bodharamik
Chairman

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