Cathay Pacific 2013 Annual Report Download - page 26

Download and view the complete annual report

Please find page 26 of the 2013 Cathay Pacific annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 52

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52

Cathay Pacific Airways Limited Interim Report 201324
Review Report
BASIS FOR QUALIFIED CONCLUSION
Our review conclusion on the Group’s interim
financial report for the six months ended 30th
June 2012 was qualified as we were unable to
carry out sufficient review procedures to enable
us to express a conclusion as to whether anything
had come to our attention that caused us to
believe that the carrying amount of the Group’s
investment in Air China Limited (“Air China”)
and the Group’s share of Air China’s results as
included in the Group’s interim financial report
as at and for the six months ended 30th June
2012 were not prepared, in all material respects,
in accordance with HKAS 34. Air China is an
associate of the Group accounted for under the
equity method. As this limitation in the scope of
our review with respect to the Group’s share of
the results of Air China for the six months ended
30th June 2012 still exists, our conclusion on
the current period’s interim financial report is
also qualified because of the possible effect of
this matter on the comparability of the current
period’s figures and the corresponding figures in
the consolidated statement of profit or loss and
other comprehensive income.
QUALIFIED CONCLUSION
Based on our review, except for the possible
effects on the corresponding figures of the
matters described in the basis for qualified
conclusion paragraph, nothing has come to
our attention that causes us to believe that the
interim financial report as at 30th June 2013 is not
prepared, in all material respects, in accordance
with HKAS 34.
KPMG
Certified Public Accountants
8th Floor, Prince’s Building
10 Chater Road
Central, Hong Kong
14th August 2013