An audit involves performing procedures to obtain audit evidence about the amounts
and
disclosures in the financial report and the compensation disclosures contained
in the directors’
report. The procedures selected depend on the auditor’s judgement, including
the assessment of
the risks of material misstatement of the financial report and the compensation
disclosures
contained in the directors’ report, whether due to fraud or error. In making
those risk
assessments, the auditor considers internal control relevant to the entity’s
preparation and fair
presentation of the financial report and the compensation disclosures contained
in the directors’
report in order to design audit procedures that are appropriate in the circumstances,
but not for
the purpose of expressing an opinion on the effectiveness of the entity’s internal
control. An audit
also includes evaluating the appropriateness of accounting policies used and
the reasonableness
of accounting estimates made by the directors, as well as evaluating the overall
presentation of
the financial report and the compensation disclosures contained in the directors’
report.
We believe that the audit evidence we have obtained is sufficient and appropriate
to provide a
basis for our audit opinions.
Auditor’s Independence Declaration
In conducting our audit, we have complied with the independence requirements
of the
Corporations Act 2001.
Auditor’s Opinion on the Financial Report
In our opinion:
(a) the financial report of Blackmores Limited is in accordance with the Corporations
Act 2001,
including:
(i) giving a true and fair view of the company’s and consolidated entity’s financial
position
as at 30 June 2007 and of their performance for the year ended on that date;
and
(ii) complying with Australian Accounting Standards (including the Australian
Accounting
Interpretations) and the Corporations Regulations 2001; and
(b) the financial report also complies with International Financial Reporting
Standards as
disclosed in Note 1.
Auditor’s Opinion on the AASB 124 Compensation Disclosures Contained in the Directors’
Report
In our opinion, the compensation disclosures that are contained on pages 33 to
40 under the
heading “Remuneration Report - Audited” of the directors’ report comply with
paragraphs Aus
25.4 to Aus 25.7.2 of Accounting Standard AASB 124 Related Party Disclosures.
DELOITTE TOUCHE TOHMATSU
P G Forrester
Partner
Chartered Accountants
Parramatta, 27 August 2007
Directors’ Declaration
The Directors declare that:
(a) in the Directors’ opinion there are reasonable
grounds to believe that the Company will be
able to pay its debts as and when they become
due and payable;
(b) in the Directors’ opinion, the attached financial
statements and notes thereto are in accordance
with the Corporations Act 2001, including
compliance with accounting standards and
giving a true and fair view of the financial
position and performance of the consolidated
entity; and
(c) the Directors have been given the declarations
required by s.295A of the Corporations
Act 2001.
Signed in accordance with a resolution of the
Directors made pursuant to Section 295(5) of
the Corporations Act 2001.
On behalf of the Directors,
Jennifer A Tait
Director
Sydney, 27 August 2007
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