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To the members of Nedcor Limited
We have
audited the annual financial statements and group financial
statements, set out in the annual financial statements and
the Remuneration report, for the year ended
31 December 2004. 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 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
and group financial statements fairly present, in all material
respects, the
financial position of the company and the group as at 31
December 2004 and the results of their operations 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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KPMG Inc |
Deloitte & Touche |
| Registered Accountants and Auditors Chartered Accountants
(SA) |
Registered Accountants and Auditors Chartered Accountants
(SA) |
Sandown
17 March 2005 |
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