Report on the financial report
We have audited the accompanying financial report of Carindale Property Trust (the Trust), which comprises the balance sheet as
at 30 June 2015, the statement of comprehensive income, statement of changes in equity and the cash flow statement for the year
then ended, notes comprising a summary of significant accounting policies and other explanatory information, and the directors'
declaration of the consolidated entity comprising the company and the entities it controlled at the year's end or from time to time
during the financial year.
Directors' responsibility for the financial report
The directors of Scentre Management Limited, the responsible entity of the Trust, 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 controls as the directors determine are 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
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 about whether the financial report is free from
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 judgment, 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 controls relevant to
the entity's preparation of the financial report that gives a true and fair view 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 controls. 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.
In conducting our audit we have complied with the independence requirements of the Corporations Act 2001. We have given to
the directors of the company a written Auditor’s Independence Declaration, a copy of which is included in the directors’ report.
We confirm that the Auditor’s Independence Declaration would be in the same terms if given to the directors as at the time of this
In our opinion:
a. the financial report of Carindale Property Trust is in accordance with the Corporations Act 2001, including:
giving a true and fair view of the Trust’s financial position as at 30 June 2015 and of its performance for the year ended on that
ii complying with Australian Accounting Standards and the Corporations Regulations 2001; and
b. the financial report also complies with International Financial Reporting Standards as disclosed in the notes.
Ernst & Young
25 August 2015
Liability Limited by a scheme approved
under Professional Standards Legislation
Independent Audit Report
TO MEMBERS OF CARINDALE PROPERTY TRUST