Annual Report 2016
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Other information other than the financial statements and auditor’s report thereon
Management is responsible for other information. The other information comprises the information included in the
annual report, but does not include the financial statements and our auditor’s report thereon.
Our opinion on the financial statements does not cover the other information and we do not express any form of
assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and,
in doing so, consider whether the other information is materially inconsistent with the financial statements or our
knowledge obtained in the audit or otherwise appears to be materially misstated. If, based on the work we have
performed, we conclude that there is amaterialmisstatement of this other information, we are required to report that
fact.We have nothing to report in this regard.
Responsibilities ofmanagement anddirectors for the financial statements
Management is responsible for the preparation of financial statements that give a true and fair view in accordance
with the provisions of theAct and FRSs, and for devising andmaintaining a system of internal accounting controls
sufficient to provide a reasonable assurance that assets are safeguarded against loss from unauthorised use or
disposition; and transactions areproperly authorised and that they are recorded as necessary topermit thepreparation
of true and fair financial statements and tomaintain accountability of assets.
In preparing the financial statements, management is responsible for assessing the Group’s ability to continue
as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis
of accounting unless management either intends to liquidate the Group or to cease operations, or has no realistic
alternative but to do so.
The directors’ responsibilities include overseeing theGroup’s financial reporting process.
Auditor’s responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as awhole are free from
material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion.
Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance
with SSAs will always detect amaterial misstatement when it exists. Misstatements can arise from fraud or error
and are consideredmaterial if, individually or in the aggregate, they could reasonably be expected to influence the
economic decisions of users taken on the basis of these financial statements.
Aspartofanaudit inaccordancewithSSAs,weexerciseprofessional judgement andmaintainprofessional skepticism
throughout the audit.We also:
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Identifyandassess the risksofmaterialmisstatement of the financial statements,whetherdue to fraudor error,
design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient
and appropriate toprovide a basis for our opinion. The riskof not detecting amaterialmisstatement resulting
from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional
omissions,misrepresentations, or the override of internal control.
Independent
auditor’s report
For the financial year ended 31 December 2016
