Pg 147 - Berjaya Corporation Berhad

eport ofthe auditorsto the members of Bejaya Land BerhadWe have audited the financial statements set out on pages 39 to 104. These financial statements are the responsibility of the Company’sDirectors.It is our responsibility to form an independent opinion, based on our audit, on the financial statements and to report our opinion to you,as a body, in accordance with Section 174 of the Companies Act, 1965 and for no other purpose. We do not assume responsibility toany other person for the contents of this report.We conducted our audit in accordance with applicable Approved Standards on Auditing in Malaysia. Those standards require that weplan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. Anaudit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit alsoincludes assessing the accounting principles used and significant estimates made by the Directors, as well as evaluating the overallpresentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion.In our opinion:(a) the financial statements have been properly drawn up in accordance with the provisions of the Companies Act, 1965 and applicableApproved Accounting Standards in Malaysia so as to give a true and fair view of:(i)the financial position of the Group and of the Company as at 30 April 2006 and of the results and the cash flows of the Groupand of the Company for the year then ended; and(ii)the matters required by Section 169 of the Companies Act, 1965 to be dealt with in the financial statements; and(b) the accounting and other records and the registers required by the Act to be kept by the Company and by its subsidiary companiesof which we have acted as auditors have been properly kept in accordance with the provisions of the Act.We have considered the financial statements and the auditors’ reports thereon of the subsidiary companies of which we have not actedas auditors, as indicated in Note 40 to the financial statements, being financial statements that have been included in the consolidatedfinancial statements.We are satisfied that the financial statements of the subsidiary companies that have been consolidated with the financial statements ofthe Company are in form and content appropriate and proper for the purposes of the preparation of the consolidated financial statementsand we have received satisfactory information and explanations required by us for those purposes.The auditors’ reports on the financial statements of the subsidiary companies were not subject to any qualification material to theconsolidated financial statements and did not include any comment required to be made under Section 174(3) of the Act.ERNST & YOUNGAF: 0039Chartered AccountantsYAP SENG CHONGNo. 2190/12/07(J)PartnerKuala Lumpur, Malaysia22 July 200638Annual Report 2006Berjaya Land Berhad (201765-A)