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Integrated report Statutory reportS Financial StatementS
Consolidated

material misstatement, whether due to fraud or error, and to disclosures, and whether the Consolidated Financial
issue an auditor’s report that includes our opinion. reasonable Statements represent the underlying transactions and events
assurance is a high level of assurance, but is not a guarantee that in a manner that achieves fair presentation.
an audit conducted in accordance with Sas will always detect a
material misstatement when it exists. Misstatements can arise • obtain sufficient appropriate audit evidence regarding the
from fraud or error and are considered material if, individually or financial information of such entities or business activities
in the aggregate, they could reasonably be expected to influence within the group and its joint ventures to express an
the economic decisions of users taken on the basis of these opinion on the Consolidated Financial Statements. We are
Consolidated Financial Statements. responsible for the direction, supervision and performance
of the audit of financial information of such entities included
as part of an audit in accordance with Sas, we exercise professional in the Consolidated Financial Statements of which we are the
judgment and maintain professional skepticism throughout the independent auditors. For the other entities included in the
audit. We also:
Consolidated Financial Statements, which have been audited
• Identify and assess the risks of material misstatement of the by other auditors, such other auditors remain responsible for
Consolidated Financial Statements, whether due to fraud or the direction, supervision and performance of the audits
error, design and perform audit procedures responsive to carried out by them. We remain solely responsible for our
those risks, and obtain audit evidence that is sufficient and audit opinion. our responsibilities in this regard are further
appropriate to provide a basis for our opinion. the risk of not described in para (a) of the section titled ‘other Matters’ in
detecting a material misstatement resulting from fraud is this audit report.
higher than for one resulting from error, as fraud may involve
collusion, forgery, intentional omissions, misrepresentations, We believe that the audit evidence obtained by us along with
or the override of internal control. the consideration of audit reports of the other auditors referred
to in sub-paragraph (a) of the other Matters paragraph below, is
• obtain an understanding of internal control relevant to the sufficient and appropriate to provide a basis for our audit opinion
audit in order to design audit procedures that are appropriate on the Consolidated Financial Statements.
in the circumstances. under section 143(3)(i) of the act,
we are also responsible for expressing our opinion on the We communicate with those charged with governance of
internal financial controls with reference to the Consolidated the Holding Company and such other entities included in
Financial Statements and the operating effectiveness of such the Consolidated Financial Statements of which we are the
controls based on our audit. independent auditors regarding, among other matters, the
planned scope and timing of the audit and significant audit
• evaluate the appropriateness of accounting policies used findings, including any significant deficiencies in internal control
and the reasonableness of accounting estimates and related that we identify during our audit.
disclosures made by the Management and Board of directors.
• Conclude on the appropriateness of Management and Board We also provide those charged with governance with a statement
of directors use of the going concern basis of accounting that we have complied with relevant ethical requirements
in preparation of Consolidated Financial Statements and, regarding independence, and to communicate with them all
based on the audit evidence obtained, whether a material relationships and other matters that may reasonably be thought
uncertainty exists related to events or conditions that to bear on our independence, and where applicable, related
may cast significant doubt on the appropriateness of this safeguards.
assumption. If we conclude that a material uncertainty exists,
we are required to draw attention in our auditor’s report to the From the matters communicated with those charged with
related disclosures in the Consolidated Financial Statements governance, we determine those matters that were of most
or, if such disclosures are inadequate, to modify our opinion. significance in the audit of the Consolidated Financial Statements
our conclusions are based on the audit evidence obtained of the current period and are therefore the key audit matters.
up to the date of our auditor’s report. However, future events We describe these matters in our auditors’ report unless law or
or conditions may cause the group and its joint ventures to regulation precludes public disclosure about the matter or when,
cease to continue as a going concern. in extremely rare circumstances, we determine that a matter
should not be communicated in our report because the adverse
• evaluate the overall presentation, structure and content consequences of doing so would reasonably be expected to
of the Consolidated Financial Statements, including the outweigh the public interest benefits of such communication.

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