Page 113 - Mono Technology Public Company Limited : Annual Report 2013

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 Company’s 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, 2013 have been audited by Ernst & Young
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 Company’s records and
related data. The auditor’s opinion is presented in the independent auditor’s report as part of this annual report.

The Board of Directors is of the opinion that the Company’s 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, 2013.

Pete Bodharamik

Chairman
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