Annual Report and Accounts 2006 - DCC plc

50 report of the independent auditorsmisstatement, whether caused byfraud or other irregularity or error.In forming our opinion we alsoevaluated the overall adequacy ofthe presentation of information inthe financial statements.OpinionIn our opinion:• the Group financial statementsgive a true and fair view, inaccordance with IFRS as adoptedby the European Union, of thestate of the Group’s affairs as at31 March 2006 and of its profitand cash flows for the year thenended;• the Parent Company financialstatements give a true and fairview, in accordance with IFRS asadopted by the European Union,as applied in accordance with theprovisions of the Companies Acts,1963 to 2005, of the state of theParent Company’s affairs as at 31March 2006 and cash flows forthe year then ended;• the financial statements havebeen properly prepared inaccordance with the CompaniesActs, 1963 to 2005 and Article 4of the IAS Regulation.We have obtained all the informationand explanations which we considernecessary for the purposes of ouraudit. In our opinion proper books ofaccount have been kept by theCompany. The Company BalanceSheet is in agreement with the booksof account.In our opinion the information given inthe Directors’ Report is consistentwith the financial statements.The net assets of the Company, asstated in the Company Balance Sheetare more than half of the amount ofits called-up share capital and, in ouropinion, on that basis there did notexist at 31 March 2006 a financialsituation which under Section 40(1)of the Companies (Amendment) Act,1983 would require the convening ofan extraordinary general meeting ofthe Company.PricewaterhouseCoopersChartered Accountants andRegistered AuditorsDublin12 May 2006