Independent auditors' report
Independent auditors’ report on summarised financial statements to the shareholders of Barloworld Limited
The accompanying summarised consolidated financial statements of Barloworld Limited, which comprise the summarised consolidated statement of financial position as at 30 September 2015, the summarised consolidated income statement, statement of comprehensive income, changes in equity and cash flows for the year then ended, and related notes, are derived from the audited consolidated financial statements of Barloworld Limited for the year ended 30 September 2015. We expressed an unmodified audit opinion on those consolidated financial statements in our report dated 13 November 2015. Our auditor’s report on the audited consolidated financial statements contained an Other Matter paragraph: Other reports required by the Companies Act (refer below).
The summarised consolidated financial statements do not contain all the disclosures required by International Financial Reporting Standards and the requirements of the Companies Act of South Africa as applicable to annual financial statements. Reading the summarised consolidated financial statements, therefore, is not a substitute for reading the audited consolidated financial statements of Barloworld Limited.
Director’s responsibility for the summarised consolidated financial statements
The directors are responsible for the preparation of the summarised consolidated financial statements in accordance with the information required by IAS34 Interim Financial Reporting requirements of the Companies Act of South Africa as applicable to financial statements, and for such internal control as the directors determine is necessary to enable the preparation of summarised consolidated financial statements that are free from material misstatement, whether due to fraud or error.
Auditors’ responsibility
Our responsibility is to express an opinion on the summarised consolidated financial statements based on our procedures, which were conducted in accordance with International Standard on Auditing (ISA) 810, Engagements to Report on Summarised Financial Statements.
Opinion
In our opinion, the summarised consolidated financial statements derived from the audited consolidated financial statements of Barloworld Limited for the year ended 30 September 2015 are consistent, in all material respects, with those annual consolidated financial statements, in accordance with the information required by IAS34 Interim Financial Reporting and the requirements of the Companies Act of South Africa as applicable to summarised financial statements.
Other reports required by the Companies Act
The Other reports required by the Companies Act paragraph in our audit report dated 13 November 2015 states that as part of our audit of the consolidated financial statements for the year ended 30 September 2015, we have read the directors’ report, the audit committee’s report and the company secretary’s certificate for the purpose of identifying whether there are material inconsistencies between these reports and the audited consolidated financial statements. These reports are the responsibility of the respective preparers. The paragraph states that, based on reading these reports, we have not identified material inconsistencies between these reports and the audited consolidated financial statements. The paragraph furthermore states that we have not audited these reports and accordingly do not express an opinion on these reports. The paragraph does not have an effect on the summarised consolidated financial statements or our opinion thereon.
Deloitte & Touche
Registered Auditors
Per Graeme Berry
Partner
13 November 2015
Johannesburg, South Africa
National Executive: *LL Bam Chief Executive, *AE Swiegers Chief Operating Officer, *GM Pinnock Audit, *N Singh Risk Advisory, *NB Kader Tax, TP Pillay Consulting, S Gwala BPaaS, *K Black Clients & Industries, *JK Mazzocco Talent & Transformation, *MJ Jarvis Finance, *M Jordan Strategy, *MJ Comber Reputation and Risk, *TJ Brown Chairman of the Board
A full list of partners and directors is available on request.
* Partner and registered auditor.
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