| |
| We have audited the annual financial statements and group annual
financial statements of VenFin Limited set out on
the Report of the Board of
Directors page for the year ended 30 June
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 statements of South African
Auditing Standards. Those standards require that
we plan and perform the audit to obtain reasonable assurance that
the financial statements are free of material
misstatement. An audit includes: |
- examining, on a test basis, evidence supporting the amounts and
disclosures included 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. |
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AUDIT OPINION |
| In our opinion, the financial statements fairly present, in all
material respects, the financial position of the Company and
group at 30 June 2005 and the results of their operations, changes
in equity and cash flows 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. |
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 |
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| Registered Accountants and Auditors |
| Chartered Accountants (SA) |
| |
| Stellenbosch |
| 6 September 2005 |
Report
of the independent auditors