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Altron Annual Report 2005
 
Report of independent auditors
   
 

TO THE MEMBERS OF ALLIED ELECTRONICS CORPORATION LIMITED

   
  We have audited the annual financial statements and group annual financial statements of Allied Electronics Corporation Limited set out in the financial statements for the year ended 28 February 2005. These financial statements are the responsibility of the company’s directors. Our responsibility is to express an opinion on these financial statements based on our audit.
   
 

SCOPE

We conducted our audit in accordance with International Standards on Auditing. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes:
  • examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements;
  • assessing the accounting principles used and significant estimates made by management; and
  • evaluating the overall financial statement presentation.

We believe that our audit provides a reasonable basis for our opinion.

AUDIT OPINION

In our opinion, the financial statements present fairly, in all material respects, the financial position of the company and the group at 28 February 2005 and the results of their operations and cash flow information for the year then ended in accordance with South African Statements of Generally Accepted Accounting Practice, and in the manner required by the Companies Act in South Africa.

Signature: KPMG Inc.

KPMG INC. – Chartered Accountants (SA)
Registered Accountants and Auditors

9 May 2005