Annual Report - SABMiller

144 Independent auditors’ report SABMiller plc Annual Report 2010Independent auditors’ reportto the members of SABMiller plcWe have audited the company financial statements of SABMiller plcfor the year ended 31 March 2010 which comprise the companybalance sheet and the related notes. The financial reporting frameworkthat has been applied in their preparation is applicable law and UnitedKingdom Accounting Standards (United Kingdom Generally AcceptedAccounting Practice).Respective responsibilities of directors and auditorsAs explained more fully in the statement of directors’ responsibilities,set out on page 143, the directors are responsible for the preparationof the company financial statements and for being satisfied that theygive a true and fair view. Our responsibility is to audit the companyfinancial statements in accordance with applicable law and InternationalStandards on Auditing (UK and Ireland). Those standards require us tocomply with the Auditing Practices Board’s Ethical Standards for Auditors.This report, including the opinions, has been prepared for and only forthe company’s members as a body in accordance with Chapter 3 ofPart 16 of the Companies Act 2006 and for no other purpose. We donot, in giving these opinions, accept or assume responsibility for anyother purpose or to any other person to whom this report is shown orinto whose hands it may come save where expressly agreed by ourprior consent in writing.Scope of the audit of the financial statementsAn audit involves obtaining evidence about the amounts and disclosuresin the financial statements sufficient to give reasonable assurance thatthe financial statements are free from material misstatement, whethercaused by fraud or error. This includes an assessment of: whether theaccounting policies are appropriate to the company’s circumstancesand have been consistently applied and adequately disclosed; thereasonableness of significant accounting estimates made by thedirectors; and the overall presentation of the financial statements.Opinion on financial statementsIn our opinion the company financial statements:■ give a true and fair view of the state of the company’s affairs asat 31 March 2010;■ have been properly prepared in accordance with United KingdomGenerally Accepted Accounting Practice; and■ have been prepared in accordance with the requirements of theCompanies Act 2006.Opinion on other matters prescribed by theCompanies Act 2006In our opinion:■ the part of the remuneration report to be audited has been properlyprepared in accordance with the Companies Act 2006; and■ the information given in the directors’ report for the financial year forwhich the company financial statements are prepared is consistentwith the company financial statements.Matters on which we are required to reportby exceptionWe have nothing to report in respect of the following matters wherethe Companies Act 2006 requires us to report to you if, in our opinion:■ adequate accounting records have not been kept by the company,or returns adequate for our audit have not been received frombranches not visited by us; or■ the company financial statements and the part of the remunerationreport to be audited are not in agreement with the accountingrecords and returns; or■ certain disclosures of directors’ remuneration specified by law arenot made; or■ we have not received all the information and explanations werequire for our audit.Other matterWe have reported separately on the consolidated financial statementsof SABMiller plc for the year ended 31 March 2010.John Baker (Senior Statutory Auditor)for and on behalf of PricewaterhouseCoopers LLPChartered Accountants and Statutory AuditorsLondon3 June 2010