Page 38 - JTC-Annual Report-2025-Eng

INDEPENDENT AUDITOR’S REPORT (continued)

valuation reports issued by the licensed external valuers, such as reviewing appropriateness of the
valuation model used and reasonableness of the key assumptions applied and have focused on
the adequacy of disclosures of investment properties as provided in (Note 2.i) and Note 8 in the
accompanying consolidated financial statements.

Other information included in the Annual Report of the Group for the year ended
December 31, 2025
Management is responsible for the other information. Other information consists of the
information included in the Group’s 2025 Annual Report, other than the consolidated financial
statements and our auditor’s report thereon. We obtained the report of the Parent Company’s
Board of Directors prior to the date of our auditor’s report, and we expect to obtain the remaining
sections of the Annual Report after the date of our auditor’s report.

Our opinion on the consolidated financial statements does not cover the other information
attached to it, and we do not and will not express any form of assurance conclusion thereon.
In connection with our audit of the consolidated financial statements, our responsibility is to
read the other information and, in doing so, consider whether the other information is materially
inconsistent with the consolidated financial statements or our knowledge obtained in the audit,
or otherwise appears to be materially misstated. If, based on the work we have performed on the
other information that we obtained prior to the date of this auditor’s report, we conclude that
there is a material misstatement of this other information, we are required to report that fact. We
have nothing to report in this regard.

Responsibilities of Management and Those Charged with Governance for the
Consolidated Financial Statements

Management is responsible for the preparation and fair presentation of the consolidated financial
statements in accordance with IFRSs, and for such internal control as management determines
is necessary to enable the preparation of consolidated financial statements that are free from
material misstatement, whether due to fraud or error.
In preparing the consolidated financial statements, management is responsible for assessing the
Group’s ability to continue as a going concern, disclosing, as applicable, matters related to going
concern and using the going concern basis of accounting unless management either intends to
liquidate the Group or to cease operations, or has no realistic alternative but to do so.
Those Charged with Governance are responsible for overseeing the Group’s financial reporting
process.

Auditor’s Responsibilities for the Audit of the Consolidated Financial Statements
Our objectives are to obtain reasonable assurance about whether the consolidated financial
statements as a whole are free from material misstatement, whether due to fraud or error, and
to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of
assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always
detect a material misstatement when it exists. Misstatements can arise from fraud or error and
are considered material if, individually or in the aggregate, they could reasonably be expected
to influence the economic decisions of users taken on the basis of these consolidated financial
statements.

37 JTC LogisTiCs TransporTaTion & sTevedoring Company K.s.C.p.