INDEPENDENT AUDITOR’S REPORT

TO THE COUNCIL OF ABCD INC

Report on the Financial Report

We have audited the accompanying financial report, being a special purpose financial report, ofABCDIncwhich comprises the Balance Sheet statement as at 31 December 2012,Income Statement and Statement of Cash Flows for the year then ended, notes comprising a summary of significant accounting policiesand  other explanatory notes and the Statement by Members of the Committee.

Committee members’ Responsibility for the Financial Report

The Committee members’ of ABCDIncare responsible for the preparation of the financial report, and have determined that the accounting policies described in Note 1 of the financial report, are appropriate to meet the financial reporting requirements of ABCD Incand are appropriate to meet the needs of its members. The Committee’s responsibility also includes such internal control as determined necessary to enable the preparation of a financial report that 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 have conducted our audit in accordance with Australian Auditing Standards. These Auditing 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 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 members of the Committee, 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 Australian professional ethical pronouncements.

Auditor’s Opinion

In our opinion, the financial report presents fairly, in all material respects the financial position of ABCD Incas at 31 December 2012 and its financial performance for the year then ended in accordance with the accounting policies described in Note 1 to the financial report.

Basis of Accounting

Without modifying our opinion, we draw attention to Note 1 to the financial report, which describes the basis of accounting. The financial report has been prepared in order to fulfil ABCD Inc financial reporting requirements and the information needs of its members. As a result, the financial report may not be suitable for another purpose.

MOORE STEPHENS ASSURANCE ADELAIDE PTY LTD

ACCOUNTANTS & ADVISORS

JIM GOUSKOS

DIRECTOR, ASSURANCE