Liability limited by a scheme approved under Professional Standards Legislation.
Deloitte Touche Tohmatsu
ABN 74 490 121 060
The Barrington
Level 10
10 Smith Street
Parramatta NSW 2150
PO Box 38
Parramatta NSW 2124 Australia
DX 28485
Tel: +61 (0) 2 9840 7000
Fax: +61 (0) 2 9840 7001
www.deloitte.com.au
The Board of Directors
Blackmores Limited
23 Roseberry Street
BALGOWLAH NSW 2093
27 August 2007
Dear Board Members
Blackmores Limited
In accordance with section 307C of the Corporations Act 2001, I am pleased to
provide the
following declaration of independence to the directors of Blackmores Limited.
As lead audit partner for the audit of the financial statements of Blackmores
Limited for the
financial year ended 30 June 2007, I declare that to the best of my knowledge
and belief,
there have been no contraventions of:
(i) the auditor independence requirements of the Corporations Act 2001 in relation
to the
audit; and
(ii) any applicable code of professional conduct in relation to the audit.
Yours sincerely
DELOITTE TOUCHE TOHMATSU
P G Forrester
Partner
Chartered Accountants
Liability limited by a scheme approved under Professional Standards Legislation.
Deloitte Touche Tohmatsu
ABN 74 490 121 060
The Barrington
Level 10
10 Smith Street
Parramatta NSW 2150
PO Box 38
Parramatta NSW 2124 Australia
DX 28485
Tel: +61 (0) 2 9840 7000
Fax: +61 (0) 2 9840 7001
www.deloitte.com.au
Independent Auditor’s Report
to the Members of Blackmores Limited
Report on the Financial Report and AASB 124 Compensation Disclosures in
the Directors’ Report
We have audited the accompanying financial report of Blackmores Limited, which
comprises the
balance sheet as at 30 June 2007, and the income statement, cash flow statement
and statement of
recognised income and expense for the year ended on that date, a summary of
significant
accounting policies, other explanatory notes and the directors’ declaration
of the consolidated
entity comprising the company and the entities it controlled at the year’s
end or from time to time
during the financial year as set out on pages 45 to 84.
We have also audited the compensation disclosures contained in the directors’ report.
As
permitted by the Corporations Regulations 2001, the company has disclosed information
about
the compensation of key management personnel (“compensation disclosures”)
as required by
paragraphs Aus 25.4 to Aus 25.7.2 of Accounting Standard AASB 124 Related Party
Disclosures
(“AASB 124”), under the heading “Remuneration Report - Audited” on
pages 33 to 40 of the
directors’ report, and not in the financial report.
Directors’ Responsibility for the Financial Report and the AASB 124
Compensation Disclosures
Contained in the Directors’ Report
The directors of the company are responsible for the preparation and fair
presentation of the
financial report in accordance with Australian Accounting Standards (including
the Australian
Accounting Interpretations) and the Corporations Act 2001. This responsibility
includes
establishing and maintaining internal control relevant to the preparation and
fair presentation of
the financial report that is free from material misstatement, whether due to
fraud or error;
selecting and applying appropriate accounting policies; and making accounting
estimates that are
reasonable in the circumstances. The directors are also responsible for the
compensation
disclosures contained in the directors’ report. In Note 1 the directors
also state, in accordance
with Accounting Standard AASB 101 Presentation of Financial Statements, that
compliance
with the Australian equivalents to International Financial Reporting Standards
ensures that the
financial report, comprising the consolidated financial statements and notes,
complies with
International Financial Reporting Standards.
Auditor’s Responsibility
Our responsibility is to express an opinion on the financial report and compensation
disclosures
contained in the directors’ report based on our audit. We conducted our
audit in accordance with
Australian Auditing Standards. These Auditing Standards require that we comply
with relevant
ethical requirements relating to audit engagements and plan and perform the
audit to obtain
reasonable assurance whether the financial report is free from material misstatement
and the
compensation disclosures comply with AASB 124.
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