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Integrated annual report 2011 to the shareholders of Phuthuma Nathi Investments Limited

MultiChoice South Africa Holdings (Proprietary) Limited
Report of the independent auditor on the summarised group financial statements

 

To the members of Multichoice South Africa Holdings (Proprietary) Limited

The summarised group financial statements, which comprise the summarised group statement of financial position as at 31 March 2011, and the summarised group statements of profit and loss and cash flows for the year then ended, and related notes, as set out here, are derived from the audited group annual financial statements of MultiChoice South Africa Holdings (Proprietary) Limited for the year ended 31 March 2011. We expressed an unmodified audit opinion on those group annual financial statements in our report dated 2 June 2011. Those group annual financial statements, and the summarised group financial statements, do not reflect the effects of events that occurred subsequent to the date of our report on those group annual financial statements.

The summarised group financial statements do not contain all the disclosures required by International Financial Reporting Standards and in the manner required by the Companies Act No 61 of 1973, as amended. Reading the summarised group financial statements, therefore, is not a substitute for reading the audited group annual financial statements of MultiChoice South Africa Holdings (Proprietary) Limited.

Directors’ responsibility for the summarised group financial statements

The company’s directors are responsible for the preparation of a summarised version of the audited group annual financial statements on the basis described in the summarised notes to the annual financial statements.

Auditor’s responsibility

Our responsibility is to express an opinion on the summarised group 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 group financial statements derived from the audited group annual financial statements of MultiChoice South Africa Holdings (Proprietary) Limited for the year ended 31 March 2011 are consistent, in all material respects, with those group annual financial statements, on the basis described in the summarised notes to the annual financial statements.

PricewaterhouseCoopers Inc.
Director: K J Dikana

Registered auditor

Johannesburg
8 July 2011