12. AUDIT OPINION
Independent auditor’s report on summarised financial statements
To the Shareholders of Barloworld Limited
OPINION
The summarised consolidated financial statements of Barloworld Limited, which comprise the summarised consolidated statement of financial position as at 30 September 2019, the summarised consolidated income statement, the summarised consolidated statements 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 2019.
In our opinion, the accompanying summarised consolidated financial statements are consistent, in all material respects, with the audited consolidated financial statements of Barloworld Limited, and in accordance with, as a minimum the requirements of IAS 34: Interim Financial Reporting, and the requirements of the Companies Act of South Africa as applicable to summarised financial statements.
SUMMARISED CONSOLIDATED FINANCIAL STATEMENTS
The summarised consolidated financial statements do not contain all the disclosures required by the 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 and the auditor’s report thereon, therefore, is not a substitute for reading the audited consolidated financial statements of Barloworld Limited and the auditor’s report thereon.
THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS AND OUR REPORT THEREON
We expressed an unmodified audit opinion on the audited consolidated financial statements in our report dated 15 November 2019. That report also includes the communication of other key audit matters as reported in the auditor’s report of the audited financial statements.
DIRECTORS’ RESPONSIBILITY FOR THE SUMMARISED CONSOLIDATED FINANCIAL STATEMENTS
The directors are responsible for the preparation of the summarised consolidated financial statements in accordance with, as a minimum the requirements of IAS 34: Interim Financial Reporting, and the requirements of the Companies Act of South Africa as applicable to summary financial statements and for such internal control as the directors determine is necessary to enable the preparation of the summarised consolidated financial statements that are free from material misstatement, whether due to fraud or error.
AUDITOR’S RESPONSIBILITY
Our responsibility is to express an opinion on whether the summarised consolidated financial statements are consistent, in all material respects, with the consolidated audited financial statements based on our procedures, which were conducted in accordance with International Standard on Auditing (ISA) 810 (Revised), Engagements to Report on Summarised Financial Statements.
Deloitte & Touche
Registered Auditors
Per: Bongisipho Nyembe
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11 December 2019
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*JK Mazzocco Talent & Transformation, MG Dicks Risk Independence & Legal; *KL Hodson Financial Advisory; *B Nyembe Responsible Business & Public Policy; *TJ Brown Chairman of the Board
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