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153
Summary consolidated annual financial statements
Report of the
independent auditor
FOR THE YEAR ENDED 30 JUNE 2014
ON THE SUMMARY CONSOLIDATED FINANCIAL
STATEMENTS TO THE SHAREHOLDERS OF GROUP
FIVE LIMITED
The summary consolidated financial statements, which comprise
the summary consolidated statement of financial position as at
30 June 2014, and the summary consolidated income statement,
statements of comprehensive income, changes in equity and
cash flows for the year then ended, and related notes, as set out
on pages 154 to 165, are derived from the audited consolidated
financial statements of Group Five Limited for the year ended
30 June 2014. We expressed an unmodified audit opinion on
those consolidated financial statements in our report dated
11 August 2014. Our auditor’s report on the audited consolidated
financial statements contained an Other Matter paragraph
(refer below).
The summary 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
summary consolidated financial statements, therefore, is not a
substitute for reading the audited consolidated financial
statements of Group Five Limited.
Directors’ Responsibility for the Summary
Consolidated Financial Statements
The company’s directors are responsible for the preparation of a
summary of the audited consolidated financial statements in
accordance with the requirements of the JSE Limited’s
requirements for summary financial statements, set out in the
basis of preparation note to the summary consolidated financial
statements and the requirements of the Companies Act of South
Africa as applicable to summary financial statements.
Auditor’s Responsibility
Our responsibility is to express an opinion on the summary
consolidated financial statements based on our procedures,
which were conducted in accordance with International Standard
on Auditing (ISA) 810, “Engagements to Report on Summary
Financial Statements”.
Opinion
In our opinion, the summary consolidated financial statements
derived from the audited consolidated financial statements
of Group Five Limited for the year ended 30 June 2014 are
consistent, in all material respects, with those consolidated
financial statements, in accordance with the requirements
of the JSE Limited’s requirements for summary financial
statements, set out in basis of preparation note to the summary
consolidated financial statements, and the requirements
of the Companies Act of South Africa as applicable to summary
financial statements.
The Other Matter paragraph in our audit report dated 11 August
2014 states that as part of our audit of the consolidated financial
statements for the year ended 30 June 2014, we have read the
Directors’ Report, Report of the Audit Committee and the
Statement of Compliance by the Company Secretary 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 Other Matter
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 Other Matter paragraph does not have
an effect on the summary consolidated financial statements
or our opinion thereon.
PricewaterhouseCoopers Inc.
Director: AJ Rossouw
Registered Auditor
Sunninghill
11 August 2014