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BRADKEN LIMITED ANNUAL REPORT 2013 91
PricewaterhouseCoopers, ABN 52 780 433 757
PricewaterhouseCoopers Centre, 26 Honeysuckle Drive, PO Box 798, NEWCASTLE NSW 2300
T: +61 2 4925 1100, F: +61 2 4925 1199, www.pwc.com.au
Liability limited by a scheme approved under Professional Standards Legislation.
Independent auditor’s report to the members of Bradken
Limited
Report on the financial report
We have audited the accompanying financial report of Bradken Limited (the company), which
comprises the balance sheet as at 30 June 2013, the income statement and statement of
comprehensive income, statement of changes in equity and statement of cash flows for the year ended
on that date, a summary of significant accounting policies, other explanatory notes and the directors’
declaration for Bradken Limited (the consolidated entity). The consolidated entity comprises the
company and the entities it controlled at year’s end or from time to time during the financial year.
Directors’ responsibility for the financial report
The directors of the company are responsible for the preparation of the financial report that gives a
true and fair view in accordance with Australian Accounting Standards and the
Corporations Act 2001
and for such internal control as the directors determine is necessary to enable the preparation of the
financial report that is free from material misstatement, whether due to fraud or error. In Note 1(a),
the directors also state, in accordance with Accounting Standard AASB 101
Presentation of Financial
Statements
, that the financial statements comply with
International Financial Reporting Standards
.
Auditor’s responsibility
Our responsibility is to express an opinion on the financial report based on our audit. We conducted
our audit in accordance with Australian Auditing Standards. Those standards require that we comply
with relevant ethical requirements relating to audit engagements and plan and perform the audit to
obtain reasonable assurance whether the financial report is free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures
in the financial report. The procedures selected depend on the auditor’s judgement, including the
assessment of the risks of material misstatement of the financial report, whether due to fraud or error.
In making those risk assessments, the auditor considers internal control relevant to the consolidated
entity’s preparation and fair presentation of the financial report in order to design audit procedures
that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the
effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of
accounting policies used and the reasonableness of accounting estimates made by the directors, as well
as evaluating the overall presentation of the financial report.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for
our audit opinion.
Independence
In conducting our audit, we have complied with the independence requirements of the
Corporations
Act 2001
.
PricewaterhouseCoopers, ABN 52 780 433 757
PricewaterhouseCoopers Centre, 26 Honeysuckle Drive, PO Box 798, NEWCASTLE NSW 2300
T: +61 2 4925 1100, F: +61 2 4925 1199, www.pwc.com.au
Liability limited by a scheme approved under Professional Standards Legislation.
Page 91
Independent auditor’s report to the members of Bradken
Limited
Report on the financial report
We have audited the accompanying financial report of Bradken Limited (the company), which
comprises the balance sheet as at 30 June 2013, the income statement and statement of
com rehensive income, statement of changes in equity and statement of cash flows for the year ended
on t t d te, a summary of sig ificant ccounting policies, other explanatory notes and the directors’
decla ation for Br dken Limited (the consolidated ntity). The consolidated entity comprises the
any and the entitie it controlled at year’s end or from tim to time during the inancial year.
Directors’ responsibility for the financial report
The directors of the company are responsible for the preparation of the financial report that gives a
true and fair view in accordance with Australian Accounting Standards and the
Corporations Act 2001
and for such internal control as the directors determine is necessary to enable the preparation of the
financial report at is free from material misstatement, whe her due to fr ud or error. In Note 1(a),
he directors also state, in accordance with Accounting Standard AASB 101
Pr sentation of Financial
Statements
, that the financial tat ments comply with
International Financial R orting Standards
.
Au tor’s responsib lity
Our responsibility is to express an opinion on the financial report based o our audit. We conducte
our audit in accordance with Australian Auditing Standards. Those standards require that we comply
with relevant ethical requirements relating to audit engagements and plan and perform the audit to
obtain reasonable a surance whether the financial report is free from material misstatement.
An audit involves performing procedures to btain audit evid nce about the amounts and disclosures
in he fin ncial r port. The proc dures selected dep nd on the auditor’s judgement, including the
assessment of the risks of material misstatement of the financial report, whether due to fraud or error.
I mak ng thos risk assessments, the audit r considers internal control relevant to the consolidated
e ity’s preparation and fair presentation of the financial report in order to d sig audit procedures
that are appropriate in the circumstances, but ot or the purpose of expressing an opinion on th
effective ess of the entity’s internal control. An audit al o includes evaluating the appropriateness of
accounting olic es use nd the reasonableness of ac ounting estimates made by the directors, as well
as ev lu ting the overall presentation of the financial report.
We believe that the audit evidence we have obtained is s fficient and appropriate to provide a basis for
our audit opinion.
Indep ndence
In con ucting our audit, we have complied with the independence requirements of the
Corporations
Act 2001
.
PricewaterhouseCoopers, ABN 52 780 433 757
Pric waterhouseCoopers Ce tre, 26 Honeysuckle Drive, PO Box 798, NEWCASTLE NSW 2300
T: +61 2 4925 1100, F: +61 2 4925 1199, www.pwc.com.au
Liability limit d by a scheme app ved u der Professional St ndards Legislation.
Independent auditor’s report to the membe s of Bradken
Limited
Report on the financial report
We have audited the accompanying financ al eport of Bradken Limit d (the company), which
comp ises the bal nce s et as at 30 June 2013, th income statemen a d statement of
comprehensive income, statem nt of changes in equity and statemen of cash flows fo the year ended
on that date, a summary of significa t accounting policies, othe explanatory notes and the directors’
declaration for Bradken Limited (the consolidated ntity). The consolidated entity comprises the
company and the en ities it controlled at year’s end or from time to tim during the financial year.
D rect r ’ responsibil ty f r the financial report
The dir ct rs of the company are responsibl fo t e preparat on of the financi l report that gives a
true and f ir view in accordance w th ustralia Accounting Standards and the
Corporations Act 2001
and for su h i ternal control as the direc ors det rm ne is necessary to enable the preparation of the
financi l report that is fre from material misstat m nt, whether ue to fraud or error. In Note 1(a),
th directors also state, in accordance with Accounting Standard AASB 101
Presentation of Financial
Statements
, that the financial statements comply with
Inter ational Financial Reporting Standards
.
Auditor’s responsibility
Our r sponsibility i to express a opinion n the financial repo t based on our audit. We conducted
our au it in accordance w th stralian Au iting Standards. Those standards require that we comply
with relevant ethical requiremen s relating to au it eng geme ts nd plan perf rm the audit to
bt in reasonable assurance whe her the financial r port is fre fro material miss atement.
An audit involves pe forming procedures to obtain audit evidenc ab t e amounts n disclosures
in the fi a cial re rt. Th procedures s lected depend n the auditor’s j gement, including the
assessm nt of the risks of material misstatement of the financial report, whether ue to fraud or error.
In making ho e risk assessmen s, the au itor consid rs interna control relevant to the consolidated
entity’s prepar tion and f ir presentation of the fi ancial eport in order to design audit procedures
that are appro riate in the circumst es, but not f r the purpo e of expressing a opinion on the
effec iv ness of the tity’s internal control. An audit also includes evaluating the appropriateness of
accounting policies used and the r a onableness of accoun ing estimates made by the directors, as well
as evaluating th over ll presentat on of the financial report.
We beli ve that the audit vidence we have obta n d is sufficient and appropriat to provide a basis for
our audit opinion.
Ind pendence
I c nducting our udit, we have complied with th independ nc requirements f the
Corporations
Act 2001
.
Independent Auditors’ Report