Independent auditor's report on the summarised Company financial statements

 

For the year ended 31 March

To the shareholders of Vodacom Group Limited

The summarised financial statements of Vodacom Group Limited (the ‘Company’), set out on click here of the Consolidated Annual Financial Statements, which comprise the summarised statement of financial position of the Company standing alone as at 31 March 2016, and the summarised Company income statement, summarised Company statement of comprehensive income, summarised Company statement of changes in equity and summarised Company statement of cash flows for the year then ended, and related notes, are derived from the audited financial statements of the Company for the year ended 31 March 2016. We expressed an unmodified audit opinion on those financial statements in our report dated 29 May 2016. Our auditor’s report on the audited financial statements contained an ‘Other Matter’ paragraph: ‘Other reports required by the Companies Act’ (refer below).

The summarised financial statements do not contain all the disclosures required by International Financial Reporting Standards and the requirements of the Companies Act of South Africa as applicable to annual financial statements. Reading the summarised financial statements, therefore, is not a substitute for reading the audited financial statements of the Company.

Directors’ responsibility for the summarised financial statements

The directors are responsible for the preparation these summarised financial statements in accordance with the JSE Limited’s (‘JSE’) requirements for summarised financial statements, set out in the ‘Basis of preparation’ paragraph on page 86 the summarised financial statements, and the requirements of the Companies Act of South Africa as applicable to summarised financial statements, and for such internal control as the directors determine is necessary to enable the preparation of summarised financial statements that are free from material misstatement, whether due to fraud or error.

Auditors’ responsibility

Our responsibility is to express an opinion on the summarised financial statements based on our procedures, which were conducted in accordance with International Standard on Auditing (‘ISA’) 810, Engagements to Report on Summary Financial Statements.

Opinion

In our opinion, the summarised financial statements derived from the audited financial statements of the Company standing alone for the year ended 31 March 2016 are consistent, in all material respects, with those financial statements, in accordance with the JSE’s requirements for summarised financial statements, set out in the ‘Basis of preparation’ paragraph on click here of the summarised financial statements, and the requirements of the Companies Act of South Africa as applicable to summarised financial statements.

Other reports required by the Companies Act

The ‘Other reports required by the Companies Act’ paragraph in our audit report dated 3 June 2016 states that as part of our audit of the financial statements for the year ended 31 March 2016, we have read the Directors’ Report and the Certificate by the Company Secretary for the purpose of identifying whether there are material inconsistencies between these reports and the audited financial statements. These reports are the responsibility of the respective preparers. The paragraph also states that, based on reading these reports, we have not identified material inconsistencies between these reports and the audited financial statements. The paragraph furthermore states that we have not audited these reports and accordingly do not express an opinion on these reports. The paragraph does not have an effect on the summarised financial statements or our opinion thereon.

PricewaterhouseCoopers Inc.
Director: D.B. von Hoesslin
Registered Auditor
Pretoria
3 June 2016