Afcon Book.indd - Afcons Infrastructure Ltd.

AFCONS INFRASTRUCTURE INTERNATIONAL LIMITEDREPORT OF THE AUDITORSTO THE MEMBERS OFAFCONS INFRASTRUCTURE INTERNATIONAL LIMITEDWe have audited the financial statements of AFCONS INFRASTRUCTURE INTERNATIONAL LIMITED, which have been prepared on the basisof the accounting policies set out in Notes to the financial statements.This report is made solely to the Company’s members, as a body, in accordance with Section 205 of the Companies Act 2001. Our audit work hasbeen undertaken so that we might state to the Company’s members those matters we are required to state to them in our auditors’ report and forno other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and theCompany’s members as a body, for our audit work, for this report, or for the opinion we have formed.Respective responsibilities of directors and auditorsThe directors are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financialposition of the Company. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for theprevention and detection of fraud and other irregularities. It is our responsibility to form an independent opinion, based on our audit on thesefinancial statements and to report our opinion to you.Basis of opinionWe conducted our audit in accordance with International Standards on Auditing.An audit includes an examination, on a test basis, of evidence relevant to the amounts and disclosures in the financial statements. It also includesan assessment of the significant estimates and judgements made by the directors in the preparation of the financial statements, and of whetherthe accounting policies are appropriate to the Company’s circumstances, consistently applied and adequately disclosed.We planned and performed our audit so as to obtain all information and explanations, which we considered necessary in order to provideus with sufficient evidence to give reasonable assurance that the financial statements are free from material misstatement. In forming ouropinion, we also evaluated the overall adequacy of the presentation of information in the financial statements. We believe that the auditevidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.We have no relationship with, or any interests in the Company, other than in our capacity as auditors of the Company in the ordinary course ofbusiness.OpinionWe have obtained all the information and explanations we considered necessary for the purposes of our audit.In our opinion:(a) proper accounting records have been kept by the Company as far as it appears from our examination;(b) the financial statements give a true and fair view of the state of affairs of the Company as at 31 st December 2009 and of its profit, changesin equity and cash flows for the year then ended and have been properly prepared in accordance with International Financial ReportingStandards and comply with the Companies Act 2001 as modified by the exemption from the consolidation in the Mauritian Companies Act2001 for companies holding a Category 1 Global Business Licence.Horwath (Mauritius)Public AccountantsK .S. Sewraz, FCCASigning PartnerDate : 16 th June, 201076