Report on the Board of Directors’ Responsibility for Financial Report
065
The Board of Directors of Jasmine International Public Company Limited (the Company), is responsible for the consolidated financial statements of the Company and its subsidiaries as well as financial information in the Annual Report. Such consolidated financial statements have been prepared to be in compliance with generally accepted accounting principles, based on the accounting policies, which complied with Accounts Act B.E. 2000 and in accordance with the guidelines of the Board of the Securities and Exchange Commission under Securities and Exchange Act B.E. 1992 are appropriate and consistently applied, and supported by prudent judgement and the best estimation. Important information is adequately disclosed in the Notes to the financial statements. The Board of Directors oversees, and provided and maintains an efficient risk management and internal control system to ensure that the company and its subsidiaries have completely, accurately and adequately kept accounting records to safeguard their assets. It also provides protection against fraud or activities with significant irregularity. To accomplish this task, the Board of Directors has appointed the Audit Committee, which comprises Independent Directors to supervise and take responsibility for the quality of the financial statements and the internal control system. Opinions of the Audit Committee are stated in the Audit Committee report in the Annual Report. The Board of Directors is of the opinion that the Company’s overall internal control system is adequate and appropriate enough to enhance the credibility of the consolidated financial statements of the Company and its subsidiaries. As the aforementioned, Jasmine International Public Company limited (PCL) and its subsidiaries have disclosed the financial statement, the operation figure in compliance to with generally accepted accounting principles, and in accordance to the law and related rules and regulations, to the credibility of the consolidated financial statements of the Company and its subsidiaries as at December 31, 2009.
Mr. Pete Bodharamik Chief Executive Officer