Independent Auditor’s Report
Report of the independent auditor to the members of Matchtech
Group plc
We have audited the financial statements of Matchtech Group plc for
the year ended 31 July 2009 which comprise the group consolidated
income statement, the group and parent company statements of
changes in equity, the group and parent company balance sheets,
the group and parent company cash flow statements and the related
notes. The financial reporting framework that has been applied in
their preparation is applicable law and International Financial
Reporting Standards (IFRSs) as adopted by the European Union
and, as regards the parent company financial statements, as applied
in accordance with the provisions of the Companies Act 2006.
This report is made solely to the company’s members, as a body, in
accordance with Sections 495 and 496 of the Companies Act 2006.
Our audit work has been undertaken so that we might state to the
company’s members those matters we are required to state to them
in an auditor's report and for no other purpose. To the fullest extent
permitted by law, we do not accept or assume responsibility to
anyone other than the company and the company’s members as a
body, for our audit work, for this report, or for the opinions we have
formed.
Respective responsibilities of Directors and Auditors
As explained more fully in the Directors Responsibilities Statement, the directors are responsible for the
preparation of the financial statements and for being satisfied that
they give a true and fair view. Our responsibility is to audit the
financial statements in accordance with applicable law and
International Standards on Auditing (UK and Ireland). Those
standards require us to comply with the Auditing Practices Board’s
(APB’s) Ethical Standards for Auditors.
Scope of the audit of the financial statements
A description of the scope of an audit of financial statements is
provided on the APB's website at www.frc.org.uk/apb/scope/UKNP.
Opinion on financial statements
In our opinion:
- the financial statements give a true and fair view of the state of
the group's and of the parent company's affairs as at 31 July
2009 and of the group's profit for the year then ended;
- the group financial statements have been properly prepared in
accordance with IFRS as adopted by the European Union;
- the parent company financial statements have been properly
prepared in accordance with IFRS as adopted by the European
- Union and as applied in accordance with the provisions of the
Companies Act 2006; and
- the financial statements have been prepared in accordance with
the requirements of the Companies Act 2006.
Opinion on other matter prescribed by the Companies Act 2006
In our opinion the information given in the Directors' Report for the
financial year for which the financial statements are prepared is
consistent with the financial statements.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where
the Companies Act 2006 requires us to report to you if, in our
opinion:
- adequate accounting records have not been kept by the parent
company, or returns adequate for our audit have not been
received from branches not visited by us; or
- the parent company financial statements are not in agreement
with the accounting records and returns; or
- certain disclosures of directors’ remuneration specified by law are
not made; or
- we have not received all the information and explanations we
require for our audit.
Norman Armstrong
Senior Statutory Auditor
for and on behalf of Grant Thornton UK LLP
Statutory Auditor, Chartered Accountants
Southampton
7 October 2009