# MND’s Statement on AHPETC's FY2014 Financial Statement

- **Source:** Ministry of National Development
- **Published:** 2016-11-10T02:30:00.000Z
- **Author:** Ministry of National Development
- **Original:** https://www.mnd.gov.sg/newsroom/press-releases/view/mnd-s-statement-on-ahpetcs-fy2014-financial-statement
- **Topics:** Market Updates

## Featured rationale

The continuing disclaimers signal unresolved financial-reporting uncertainty, which may reinforce calls for stronger accountability in managing town-council funds and estate services.

## AI summary

MND presented AHPETC's updated FY2014 audited statements to Parliament on 21 October 2016, with the auditor's disclaimers remaining unchanged.

## Original article

MND has presented Aljunied-Hougang-Punggol East Town Council (AHPETC)’s updated audited financial statements for FY2014 (for year ending March 2015) to Parliament, as required by law.

AHPETC first submitted its FY2014 audited financial statements on 31 August 2015, which was qualified by the TC’s auditor with disclaimers in the areas of the TC’s opening balances, Service & Conservancy Charge (S&CC) Receivables, and S&CC fees received in advance. However, this set of financial statements was not presented to Parliament then as it contained errors in the notes to the accounts and had not accounted for the FY2014 S&CC operating grant, which should have been reflected as a receivable in the accounts in accordance with the Singapore Financial Reporting Standards.

After some months of iterations with the TC over various errors and reporting inconsistencies as well as clarifications over the accounting treatment for the operating grant, the TC its FY2014 financial statements for presentation to Parliament on 21 October 2016. There are no changes to the disclaimers by the TC’s auditor in the financial statements.

## Chinese translation

> Translation model: grok_cli

### 国家发展部关于阿裕尼—后港—榜鹅东市镇理事会2014财政年度财务报表的声明

国家发展部已依法向国会呈交阿裕尼—后港—榜鹅东市镇理事会（AHPETC）经更新的2014财政年度（截至2015年3月止年度）经审计财务报表。

AHPETC最初于2015年8月31日提交其2014财政年度经审计财务报表，市镇理事会核数师对该报表出具保留意见，并在市镇理事会期初结余、服务与保守费（S&CC）应收款项，以及预收S&CC费用等方面作出免责声明。然而，该套财务报表当时未呈交国会，因其账目附注存在错误，且未将2014财政年度S&CC营运津贴入账——按照新加坡财务报告准则，该津贴本应在账目中列为应收款项。

在与市镇理事会就各项错误及报告不一致之处多轮沟通，并澄清营运津贴的会计处理数月后，市镇理事会于2016年10月21日提交其2014财政年度财务报表，以便呈交国会。财务报表中市镇理事会核数师所作的免责声明并无变更。