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Gamuda Berhad (29579-T) • Annual Report 2012
INDEPENDENT
AUDIToRS’ REPoRT
To the members of Gamuda Berhad (Incorporated in Malaysia)
Report on the financial statements
We have audited the financial statements of Gamuda Berhad, which comprise the statements of financial position as at
31 July 2012 of the Group and of the Company, and the income statements, the statements of comprehensive income,
statements of changes in equity and statements of cash flows of the Group and of the Company for the year then ended, and
a summary of significant accounting policies and other explanatory notes, as set out on pages 113 to 249.
Directors’ responsibility for the financial statements
The directors of the Company are responsible for the preparation of financial statements that give a true and fair view in
accordance with Financial Reporting Standards and the Companies Act 1965 in Malaysia, and for such internal control
as the directors determine are necessary to enable the preparation of financial statements that are free from material
misstatement, whether due to fraud or error.
Auditors’ responsibility
our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit
in accordance with approved standards on auditing in Malaysia. 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 our judgement, including the assessment of risks of material misstatement
of the financial statements, whether due to fraud or error. In making those risk assessments, we consider internal control
relevant to the entity’s preparation of financial statements that give a true and fair view 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 the 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.
Opinion
In our opinion, the financial statements have been properly drawn up in accordance with Financial Reporting Standards
and the Companies Act 1965 in Malaysia so as to give a true and fair view of the financial position of the Group and of the
Company as at 31 July 2012 and of their financial performance and cash flows for the year then ended.