Bradken Limited Annual Report 2015 - page 127

BRADKEN LIMITED ANNUAL REPORT 2015 l 92
INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS
Ernst & Young
680 George Street
Sydney NSW 2000 Australia
GPO Box 2646 Sydney NSW 2001
Tel: +61 2 9248 5555
Fax: +61 2 9248 5959
ey.com/au
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, which comprises the
consolidated balance sheet as at 30 June 2015, the consolidated income statement, consolidated
statement of comprehensive income, consolidated statement of changes in equity and consolidated
statement of cash flows for the year then ended, notes comprising a summary of significant accounting
policies and other explanatory information, and the directors’ declaration of the consolidated entity
comprising the company and the entities it controlled at the 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 controls as the directors determine are necessary to enable the preparation of the
financial report that is free from material misstatement, whether due to fraud or error. In Note 2, 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 about 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 judgment, 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 controls relevant to the 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 controls. 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
. We have given to the directors of the company a written Auditor’s Independence Declaration, a
copy of which is referenced in the Directors’ Report.
A member firm of Ernst & Young Global Limited
Liability limited by a scheme approved under Professional Standards Legislation
Ernst & Young
680 George Street
Sydney NSW 2000 Australia
GPO Box 2646 Sydney NSW 2001
Tel: +61 2 9248 5555
Fax: +61 2 9248 5959
ey.com/au
92
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, which comprises the
consolidated balance sheet as at 30 June 2015, the consolidated income statement, consolidated
statement of comprehensive income, consolidated stat ent of changes in equity and consolidated
statement of cash flows for the year then ended, notes comprising a summary of significant accounting
policies and other explanatory information, and the directors’ declaration of the consolidated entity
comprising the company and the entities it controlled at the 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 p eparation of the financial report that gives a true
and fair view in accordance with Australian Accounting S andards and the
Corporations Act 2001
and
for such internal controls as the directors determine are necessary to enable the preparation of the
financial report that is free from material misstatement, whether due to fraud or error. In Note 2, 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 r port based on our audit. We conducted our
audit in accordance with Australian Auditing Standards. Those standards r quire hat we comply with
relevant e hical requirements rel ting to audit engagements and plan and perform the audit to obtain
reasonable assurance about 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 judgment, 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 controls relevant to the 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 controls. 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
. We have given to he ire tors of th company a written Auditor’s Independence Decl ration, a
copy of which is referenced in the Directors’ Report.
Ernst & Young
680 George Street
Sydney NS 2000 Australia
GPO Box 2646 Sydney NS 2001
Tel: +61 2 9248 5555
Fax: +61 2 9248 5959
ey.com/au
I
t
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e have audited the acco panying financial report of Bradken Li ited, hich co prises the
consolidated balance sheet as at 30 June 2015, the consolidated inco e state ent, consolidated
state ent of co prehensive inco e, consolidated state ent of changes in equity and consolidated
state ent of cash flo s for the year then ended, notes co prising a su ary of significant accounting
policies and other explanatory infor ation, and the directors’ declaration of the consolidated entity
co prising the co pany and the entities it controlled at the year’s end or fro ti e to ti e during the
financial year.
ir ct rs’ r s si ilit f r t fi a cial r rt
The directors of the co pany are responsible for the preparation of the financial report that gives a true
and fair vie in accordance ith ustralian ccounting Standards and the
Corporations ct 2001
and
for such internal controls as the directors deter ine are necessary to enable the preparation of the
financial report that is free fro aterial isstate ent, hether due to fraud or error. In ote 2, the
directors also state, in accordance ith ccounting Standard
SB 101
Presentation of Financial
State ents
, that the financial state ents co ply ith
International Financial Reporting Standards
.
it r’s r s si ilit
ur responsibility is to xpress an opinion on the financial r port based on our audit. e conducted our
udit in accordance ith ustralian uditing Standards. Those standa ds require that e co ply ith
relevant et ical require ents relating to audit engage e ts and plan and perfor the audi to obtain
reasonable assurance abou hether the financial report is fre fro aterial isstate ent.
n audit involves perfor ing proced res to obtain audit evidence about the a ounts and disclosures in
the financial report. The procedur selected depend on the auditor's judg ent, including the
assess ent of the risks of aterial isstate ent of the financial report, hether due to fraud or error.
In aking those risk assess ents, the auditor considers internal controls relevant to the entity's
preparation and fair presentation of the financi l r port in order to design audit procedures that are
appropriate n the circu stances, but not for the purpose of expressing an opinion on the effectiveness
of the entity's internal controls. n audit also includes evaluating the appropriateness of accounting
policies used and the reasonableness of accounting esti ates ade by the directors, as ell as
evaluating the overall presentation of the financial report.
We believe that the audit evidence e have obtained is sufficient and appropriate to provide a basis for
our audit opinion.
I
c
In conducting our audit, e have co plied ith the independence require ents of the
Corporations ct
2001
. e have given to the directors of the co pany a ritten uditor’s Independence eclaration, a
copy of hich is referenced in the irectors’ Report.
1...,117,118,119,120,121,122,123,124,125,126 128,129,130,131
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