Speciality Metals International Limited Annual Report 2020

Speciality Metals International Limited Annual Report 2020 65 Independent Auditor’s Report to the Members of Speciality Metals International Limited Report on the Audit of the Financial Report Opinion We have audited the financial report of Speciality Metals International Limited, which comprises the consolidated statement of financial position as at 30 June 2020, the consolidated statement of profit or loss and other comprehensive income, consolidated statement of changes in equity and consolidated statement of cash flows for the year then ended, and notes to the financial statements, including a summary of significant accounting policies, and the Directors’ declaration. In our opinion, the accompanying financial report of Specialty Metals International Limited is in accordance with the Corporations Act 2001 , including: i) giving a true and fair view of the Group’s financial position as at 30 June 2020 and of its financial performance for the year then ended; and ii) complying with Australian Accounting Standards and the Corporations Regulations 2001. Basis for opinion We conducted our audit in accordance with Australian Auditing Standards. Our responsibilities under those standards are further described in the ‘auditor’s responsibilities for the audit of the financial report’ section of our report. We are independent of the entity in accordance with the Corporations Act 2001 and the ethical requirements of the Accounting Professional and Ethical Standards Board’s APES 110 Code of Ethics for Professional Accountants (including Independence Standards) (the Code) that are relevant to our audit of the financial report in Australia. We have also fulfilled our other ethical responsibilities in accordance with the Code. We confirm that the independence declaration required by the Corporations Act 2001 , has been given to the Directors of the Company, as at the date of this auditor’s report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Key audit matters Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the financial report of the current period. These matters were addressed in the context of our audit of the financial report as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. Nexia Melbourne Audit Pty Ltd Registered Audit Company 291969 Level 12, 31 Queen Street Melbourne VIC 3000 p +61 3 8613 8888 f +61 3 8613 8800 e info@nexiamelbourne.com.au w nexia.com.au Liability limitedbyaschemeapprovedunderProfessionalStandardsLegislation. NexiaMelbourneAuditPtyLtd(ABN86005105975) isan independentfirmofCharteredAccountants. It isaaffiliatedwith,but independent fromNexiaAustraliaPtyLtd,which isamemberofNexiaInternational,aworldwidenetworkof independentaccountingandconsultingfirms. NeitherNexiaInternationalnorNexiaAustraliaPtyLtd,deliverservices in itsownnameorotherwise. NexiaInternationalLimitedandthe memberfirmsoftheNexiaInternationalnetwork(includingthosememberswhichtradeunderanamewhich includesNEXIA)arenotpartof aworldwidepartnership. ThetrademarksNEXIAINTERNATIONAL,NEXIAandtheNEXIA logoareownedbyNexiaInternationalLimitedandusedunder licence. Independent Auditor’s Report