TO THE MEMBERS OF ASPEN PHARMACARE
HOLDINGS LTD
We have audited the Group annual financial statements and
Company annual financial statements of Aspen Pharmacare
Holdings Ltd, which comprise the consolidated and separate
statements of financial position at 30 June 2009, and the
consolidated and separate statements of comprehensive income,
changes in equity and cash flows for the year then ended, and a
summary of significant accounting policies and other explanatory
notes, and the directors’ report, as set out here.
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.
Auditors’ responsibility
Our responsibility is to express an opinion on these financial
statements based on our audit. We conducted 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 management, 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.
Opinion
In our opinion, the financial statements present fairly, in all material
respects, the consolidated and separate financial position of Aspen
Pharmacare Holdings Ltd at 30 June 2009, and its consolidated
and separate financial performance and its consolidated and
separate 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.
PricewaterhouseCoopers Inc.
Director: Eric MacKeown
Registered Auditor
Johannesburg
22 October 2009 |
