ALLIANCE ANNUAL REP ORT 2018
Independent Auditor’s Report Independent Auditor’s Report Use of ofthis independent To the shareholders Alliance Group Limited auditor’s
Report on the consolidated financial statements This independent auditor’s report is made solely to the shareholders as a body. Our audit work has been undertaken so that we might state to the shareholders those matters we are required to state to them in the To the shareholders of Alliance Group Limited Opinionauditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept independent Report on responsibility the consolidated financial statements or assume to anyone other than the shareholders as a audited body forthe ouraccompanying audit work, this independent In our opinion, the accompanying consolidated We have consolidated auditor’s or any of of Alliance the opinions we have formed. financialreport, statements Group Limited (the financial statements which comprise:
company) and its subsidiaries (the group) on pages — the consolidated statement of financial position In opinion, the accompanying consolidated We have audited the accompanying consolidated 57our to 79: as at 30 September 2018; financial statements of Alliance Group Limited (the financial statements which comprise: i. present fairly in all material respects the Group’s Responsibilities of the Directors for the consolidated company) and its subsidiaries (the group) on pages — consolidated incomefinancial statement, — the the consolidated statement of financial position financial position as at 30 September 2018 and 57 to 79: statements of other comprehensive income, statements as at 30 September 2018; its financial performance and cash flows for the changes in equity and cash flows for the year i. Directors, present fairly inthat all material respects are theresponsible Group’s year ended date; The onon behalf of theand company, for: — the thenconsolidated ended; and income statement, financial position as at 30 September 2018 and statements of otherincomprehensive comply with New Equivalents to consolidated financial —ii. the preparation andZealand fair presentation of the statements accordance withincome, generally — notes, including a summary of significant its financial performance and cash flows for the changesEquivalents in equity and cash flows forFinancial the year International Financial Reporting Standards accepted accounting practice in New Zealandand (being New Zealand to International accounting policies and other explanatory year ended on that date; and then ended; and International Financial Reporting Standards. Reporting Standards) and International Financial Reporting Standards; information. ii. comply with New Zealand Equivalents to — notes, including a summary — implementing necessary internal control to enable the preparation of a consolidated setofofsignificant financial International Financial Reporting Standards and accounting policies and other statements that is fairly presented and free from material misstatement, whether due toexplanatory fraud or error; and International Financial Reporting Standards. information. — assessing the ability to continue as a going concern. This includes disclosing, as applicable, matters related to goingBasis concern andopinion using the going concern basis of accounting unless they either intend to liquidate or to for cease operations, or have no realistic alternative but to do so. We conducted our audit in accordance with International Standards on Auditing (New Zealand) (‘ISAs (NZ)’). We believe thatBasis the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. for opinion We are independent of the group in accordance with Professional and Ethical Standard 1 (Revised) Code of Auditor’s responsibilities audit ofonthe consolidated financial We conducted our audit in accordance with Standards Auditing (New Zealand) (‘ISAs (NZ)’). We Ethics for Assurance Practitioners issued by International thefor Newthe Zealand Auditing and Assurance Standards Board and the believe that the audit evidenceBoard we have obtained is sufficient and appropriate to provide a basis for(IESBA our opinion. International Ethics Standards for Accountants’ Code of Ethics for Professional Accountants statements We areand independent of the group in accordance with Professional and Ethical Standard 1 (Revised) Code of Code), we have fulfilled our other ethical responsibilities in accordance with these requirements and the Our objective is: Ethics for Assurance Practitioners issued by the New Zealand Auditing and Assurance Standards Board and the IESBA Code. International Standards for further Accountants’ for Professional Accountants (IESBA Our responsibilities underassurance ISAsBoard (NZ) about are described in of theEthics auditor’s responsibilities for audit of free the — to obtain Ethics reasonable whether theCode consolidated financial statements as athe whole are Code), and we have fulfilled our other ethical responsibilities in accordance with these requirements and the consolidated financial statements section of our report. from material misstatement, whether due to fraud or error; and IESBA Code. Subject to certain restrictions, partners and employees of our firm may also deal with the group on normal terms — issue an independent report that includes ourthe opinion. Our to responsibilities under ISAs (NZ) are further in responsibilities forhave the audit of the our within the ordinary course of auditor’s trading activities ofdescribed the business ofauditor’s the group. These matters not impaired consolidated financial statements section of our report. independence as auditor of the group. The firm has no other relationship with, or interest in, the group. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance Subject toNZ certain restrictions, andmisstatement employees ofwhen our firm may also deal with the group on normal terms with ISAs will always detectpartners a material it exists. within the ordinary course of trading activities of the business of the group.if,These matters impaired our Misstatements can arise from fraud or error. They are considered material individually or have in thenot aggregate, independence as auditor the group. The firm has no other relationship or taken interest group. they could reasonably be of expected to influence the economic decisions ofwith, users on in, thethe basis of these
consolidated financial statements. A further description of our responsibilities for the audit these consolidated is located The Directors, on behalf of the group, are responsible forofthe other informationfinancial includedstatements in the entity’s Annualat the External Reporting Board (XRB) website at: http://www.xrb.govt.nz/standards-for-assuranceReport. Other information includes the Chairman and Chief Executive’s report and disclosures relating to Other information practitioners/auditors-responsibilities/audit-report-5/ corporate governance and statutory information and the other information included in the Annual report. Our This description forms part of our independent auditor’s report. The Directors, behalf of the group, are responsible the other includedand in the Annual opinion on the on consolidated financial statements does for not cover anyinformation other information we entity’s do not express The engagement partner on the audit resulting in this independent auditor's report is Peter Taylor. Report. information includesthereon. the Chairman and Chief Executive’s report and disclosures relating to any formOther of assurance conclusion corporate governance and statutory andfinancial the otherstatements informationour included in the Annual Ourother In connection with our audit of theinformation consolidated responsibility is to report. read the For and on the behalf of opinion consolidated statements does coverinformation any other information and inconsistent we do not express information and, in doing financial so, consider whether thenotother is materially with the any form of assurance consolidated financial conclusion statementsthereon. or our knowledge obtained in the audit or otherwise appears materially In connection with our audit of we the have consolidated financial statements our responsibility is to read theofother misstated. If, based on the work performed, we conclude that there is a material misstatement this information and, in doing so, consider whether the other information is materially inconsistent with the other information, we are required to report that fact. We have nothing to report in this regard. KPMG consolidated financial statements or our knowledge obtained in the audit or otherwise appears materially Christchurch misstated. If, based on the work we have performed, we conclude that there is a material misstatement of this 22 November 2018we are required to report that fact. We have nothing to report in this regard. other information, © 2018 KPMG, a New Zealand partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. © 2018 KPMG, a New Zealand partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG © 2018 KPMG, a New Zealand partnership and a member of the KPMG network of independent International Cooperative (“KPMG International”), a Swiss firm entity. member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.