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Grant Thornton Audit Pty Ltd
ACN 130 913 594
Level 17, 383 Kent Street
Sydney NSW 2000
Correspondence to:
Locked Bag Q800
QVB Post Office
Sydney NSW 1230
T +61 2 8297 2400
F +61 2 9299 4445
E [email protected]
W www.grantthornton.com.au
Independent Auditor’s Report
To the Members of John Edmondson VC Memorial Club Limited
We have audited the accompanying financial report of John Edmondson VC Memorial Club
Limited (the “Company”), which comprises the statement of financial position as at 31
December 2013, the statement of profit or loss statement and other comprehensive income,
statement of changes in equity and statement of cash flows for the year then ended, notes
comprising a summary of significant accounting policies and other explanatory information
and the directors’ declaration of the company.
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- Reduced
Disclosure Requirements and the Corporations Act 2001. The Directors’ responsibility also
includes such internal control as the Directors determine is necessary to enable the
preparation of the financial report that gives a true and fair view and is free from material
misstatement, whether due to fraud or error.
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 us to 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
Company’s preparation of the financial report that gives a true and fair view in order to
‘Grant Thornton’ refers to the brand under which the Grant Thornton member firms provide assurance, tax and advisory services to their clients and/or refers to one or more member firms, as the
context requires. Grant Thornton Australia Ltd is a member firm of Grant Thornton International Ltd (GTIL). GTIL and the member firms are not a worldwide partnership. GTIL and each member firm
is a separate legal entity. Services are delivered by the member firms. GTIL does not provide services to clients. GTIL and its member firms are not agents of, and do not obligate one another and
are not liable for one another’s acts or omissions. In the Australian context only, the use of the term ‘Grant Thornton’ may refer to Grant Thornton Australia Limited ABN 41 127 556 389 and its
Australian subsidiaries and related entities. GTIL is not an Australian related entity to Grant Thornton Australia Limited.
Liability limited by a scheme approved under Professional Standards Legislation. Liability is limited in those States where a current
scheme applies.
24
design audit procedures that are appropriate in the circumstances, but not for the purpose
of expressing an opinion on the effectiveness of the Company’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.
Independence
In conducting our audit, we have complied with the independence requirements of the
Corporations Act 2001.
Auditor’s opinion
In our opinion the financial report of John Edmondson VC Memorial Club Limited is in
accordance with the Corporations Act 2001, including:
a)
giving a true and fair view of the Company’s financial position as at 31 December
2013 and of its performance for the year ended on that date; and
b)
complying with Australian Accounting Standards - Reduced Disclosure Requirements
and the Corporations Regulations 2001.
GRANT THORNTON AUDIT PTY LTD
Chartered Accountants
James Winter
Partner - Audit & Assurance
Sydney, 10 March 2014
25
Grant Thornton Audit Pty Ltd
ACN 130 913 594
Level 17, 383 Kent Street
Sydney NSW 2000
Correspondence to:
Locked Bag Q800
QVB Post Office
Sydney NSW 1230
T +61 2 8297 2400
F +61 2 9299 4445
E [email protected]
W www.grantthornton.com.au
Disclaimer for the year ended 31 December 2013
To the Directors of John Edmondson VC Memorial Club Limited
The additional financial data presented on page 27 to 33 is in accordance with the additional
financial data presented on is in accordance with the books and records of the club which
have been subjected to the auditing procedures applied in our statutory audit of the club for
the year ended 31 December 2013. It will be appreciated that our statutory audit did not
cover all details of the additional financial data. Accordingly, we do not express an opinion
on such financial data and we give no warranty of accuracy or reliability in respect of the
data provided. Neither the firm nor any member or employee of the firm undertakes
responsibility in any way whatsoever to any person (other than John Edmondson V.C.
Memorial Club Limited) in respect of such data, including any errors of omissions therein
however caused.
GRANT THORNTON AUDIT PTY LTD
Chartered Accountants
James Winter
Partner - Audit & Assurance
Sydney, 10 March 2014
‘Grant Thornton’ refers to the brand under which the Grant Thornton member firms provide assurance, tax and advisory services to their clients and/or refers to one or more member firms, as the
context requires. Grant Thornton Australia Ltd is a member firm of Grant Thornton International Ltd (GTIL). GTIL and the member firms are not a worldwide partnership. GTIL and each member firm
is a separate legal entity. Services are delivered by the member firms. GTIL does not provide services to clients. GTIL and its member firms are not agents of, and do not obligate one another and
are not liable for one another’s acts or omissions. In the Australian context only, the use of the term ‘Grant Thornton’ may refer to Grant Thornton Australia Limited ABN 41 127 556 389 and its
Australian subsidiaries and related entities. GTIL is not an Australian related entity to Grant Thornton Australia Limited.
Liability limited by a scheme approved under Professional Standards Legislation. Liability is limited in those States where a current
scheme applies.
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Magnum Annual Report 2013

Deka-Euroland Balance TF per 30.04.2015