| REPORT OF THE INDEPENDENT AUDITORS |
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| To the members of Murray & Roberts Holdings Limited |
| We have audited the annual financial statements and group
annual financial statements of Murray & Roberts Holdings Limited
which comprise the directors' report, the balance sheet and
the consolidated balance sheet at 30 June 2007, the income
statement and the consolidated income statement, the statement
of changes in equity and the consolidated statement of changes
in equity, the cash flow statement and the consolidated cash flow
statement for the year then ended, a summary of significant
accounting policies and other explanatory notes. |
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| DIRECTORS’ RESPONSIBILITY FOR THE FINANCIAL STATEMENTS |
| The company's directors are responsible for the preparation and
fair presentation of these financial statements in accordance with
International Financial Reporting Standards, and in the manner
required by the Companies Act of South Africa. This responsibility
includes: designing, implementing and maintaining internal
control relevant to the preparation and fair presentation of
financial statements that are free from material misstatement,
whether due to fraud or error; selecting and applying appropriate
accounting policies; and making accounting estimates that are
reasonable in the circumstances. |
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| AUDITOR’S RESPONSIBILITY |
Our responsibility is to express an opinion on these financial
statements based on our audit. We conduct our audit in
accordance with International Standards on Auditing. Those
standards require that we comply with ethical requirements
and plan and perform the audit to obtain reasonable
assurance whether the financial statements are free from
material misstatement.
An audit involves performing procedures to obtain audit evidence
about the amounts and disclosures in the financial statements. The
procedures selected depend on the auditor's judgement, including
the assessment of the risks of material misstatement of the financial
statements, whether due to fraud or error. In making those risk
assessments, the auditor considers internal control relevant to the entity's preparation and fair presentation of the financial statements
in order to design audit procedures that are appropriate in the
circumstances, but not for the purpose of expressing an opinion on
the effectiveness of the entity's internal control. An audit also
includes evaluating the appropriateness of accounting policies used
and the reasonableness of accounting estimates made by the
directors, as well as evaluating the overall presentation of the
financial statements.
We believe that the audit evidence we have obtained is sufficient
and appropriate to provide a basis for our audit opinion. |
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| OPINION |
| In our opinion the financial statements present fairly, in all material
respects, the financial position of the Company and Group as
at 30 June 2007, and of their financial performance and cash
flows for the year then ended in accordance with International
Financial Reporting Standards, and in the manner required by
the Companies Act of South Africa. |
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AF Mackie
Partner
Sandton
29 August 2007 |
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Deloitte & Touche
Registered Auditors
Buildings 1 and 2, Deloitte Place, The Woodlands
Woodlands Drive, Woodmead, Sandton |
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| National Executive GG Gelink Chief Executive AE Swiegers Chief Operating Officer
GM Pinnock Audit DL Kennedy Tax L Geeringh Consulting L Bam Strategy
CR Beukman Finance TJ Brown Clients & Markets NT Mtoba Chairman of the
Board J Rhynes Deputy Chairman of the Board |
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| A full list of partners and directors is available on request. |
