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www.kingsgate.com.au
Independent Auditor’s Report
Independent auditor’s report to the members  
of Kingsgate Consolidated Limited
Report on the financial report
We have audited the accompanying financial report of Kingsgate Consolidated Limited (the company), 
which comprises the statement of financial position as at 30 June 2013, the statement of comprehen-
sive income, statement of changes in equity and statement of cash flows for the year ended on that 
date, a summary of significant accounting policies, other explanatory notes and the directors’ declara-
tion for Kingsgate Group (the consolidated entity). The consolidated entity comprises the company 
and the entities it controlled at year’s end or from time to time during the financial year.
Directors’ responsibility for the financial report
The directors of the company are responsible for the preparation of the financial report that gives a 
true and fair view in accordance with Australian Accounting Standards and the Corporations Act 2001 
and for such internal control as the directors determine is necessary to enable the preparation of the 
financial report that is free from material misstatement, whether due to fraud or error. In Note 1, the 
directors also state, in accordance with Accounting Standard AASB 101 Presentation of Financial 
Statements, that the financial statements comply with International Financial Reporting Standards.
Auditor’s responsibility
Our responsibility is to express an opinion on the financial report based on our audit. We conducted 
our audit in accordance with Australian Auditing Standards. Those 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.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures 
in the financial report. The procedures selected depend on the auditor’s judgement, including the 
assessment of the risks of material misstatement of the financial report, whether due to fraud or error. 
In making those risk assessments, the auditor considers internal control relevant to the consolidated 
entity’s preparation and fair presentation of the financial 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.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for 
our audit opinion.
Independent  
Auditor’s Report