Singapore legislation
Section 142
Section 142
Statement of accounts
Amended by36/2012
(1)
A casino operator must, as soon as practicable after the end of its financial year, prepare financial statements and accounts, including —
(a)
trading accounts, where applicable, for the financial year;
(b)
a profit and loss statement or statement of comprehensive income (or its equivalent) for the financial year; and
(c)
a statement of its financial position (or its equivalent) as at the end of the financial year that gives a true and fair view of the financial operations of the casino operator in relation to the casino.
Amended by36/2012
(2)
Any casino operator who fails to comply with subsection (1) shall be liable to disciplinary action.