Independent Auditor's Report
To the Shareholders of Barloworld Limited
Report on the Audit of the Summarised Preliminary Consolidated Annual Financial Statements
Opinion
The summarised preliminary consolidated financial statements of Barloworld Limited, contained in the accompanying summarised preliminary report, which comprise the summarised preliminary consolidated statement of financial position as at 30 September 2020, the summarised preliminary consolidated statements of comprehensive income, summarised preliminary changes in equity and cash flows for the year then ended, and related notes, are derived from the audited consolidated and separate financial statements of Barloworld Limited for the year ended 30 September 2020.
In our opinion, the accompanying summarised preliminary consolidated financial statements are consistent, in all material respects, with the audited consolidated financial statements, in accordance with the requirements of the JSE Limited Listings Requirements for preliminary reports, set out in note 1 to the summarised preliminary financial statements, and the requirements of the Companies Act of South Africa as applicable to summarised preliminary financial statements.
Summary Financial Statements
The summary financial statements do not contain all the disclosures required by International Financial Reporting Standards ("IFRS"). Reading the summarised preliminary financial statements and the auditor's report thereon, therefore, is not a substitute for reading the audited financial statements and the auditor's report thereon.
The Audited Financial Statements and Our Report Thereon
We expressed an unmodified audit opinion on the audited consolidated financial statements in our report dated 30 November 2020. That report also includes the communication of key audit matters. Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the consolidated financial statements of the current period.
Director's Responsibility for the Summary Consolidated Financial Statements
The directors are responsible for the preparation of the summarised preliminary consolidated financial statements in accordance with the requirements of the JSE Limited Listings Requirements for preliminary reports, set out in note 1 to the summary financial statements, and the requirements of the Companies Act of South Africa as applicable to summarised preliminary financial statements.
Auditor's Responsibility
Our responsibility is to express an opinion on whether the summarised preliminary consolidated financial statements are consistent, in all material respects, with the audited consolidated financial statements based on our procedures, which were conducted in accordance with International Standard on Auditing (ISA) 810 (Revised), Engagements to Report on summarised preliminary Financial Statements.
Ernst & Young Inc.
Director: Sifiso Sithebe
Registered Auditor
Chartered Accountants (SA)
30 November 2020