will always detect a material misstatement when it exists. Misstatements can arise from fraud or error. They are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the Financial Report. A further description of our responsibilities for the audit of the Financial Report is located at the Auditing and Assurance Standards Boardwebsite at: .This description forms part of our Auditor’s Report.
60 Downer EDI LimitedReport on the Remuneration ReportOpinion In our opinion, the Remuneration Report of Downer EDI Limited for the year ended 30 June 2019, complies with Section 300Aof the Corporations Act 2001. Directors’ responsibilities The Directors of the Company are responsible for the preparation and presentation of the Remuneration Report in accordance with Section 300Aof the Corporations Act 2001. Our responsibilities We have audited the Remuneration Report included in pages 22 to 50 of the Directors’ report for the year ended 30 June 2019. Our responsibility is to express an opinion on the Remuneration Report, based on our audit conducted in accordance with Australian Auditing Standards. KPMGCameron Slapp Partner Sydney 22 August 2019 Independent Auditor’s Report – continuedfor the year ended 30 June 2019
Annual Report 2019 61Financial StatementsPage 62Consolidated Statement of Profit or Loss and Other Comprehensive IncomePage 63Consolidated Statement of Financial PositionPage 64Consolidated Statement of Changes in EquityPage 65 Consolidated Statement of Cash FlowsNotes to the consolidated financial statementsAAbout this reportPage 66-67BBusiness performancePage 68-79COperating assets and liabilitiesPage 80-90DEmployee benefits Page 91ECapital structure and financingPage 92-99FGroup structurePage 100-110GOther Page 111-124B1Segment informationC1Reconciliation of cash and cash equivalentsD1Employee benefits E1BorrowingsF1Joint arrangements and associate entitiesG1New accounting standardsB2RevenueC2Trade receivables and contract assetsD2Key management personnel compensationE2Financing facilitiesF2Acquisition of businesses G2Capital and financial risk managementB3Earnings per shareC3InventoriesD3Employee discount share planE3CommitmentsF3Disposal of businessG3Other financial assets and liabilitiesB4TaxationC4Trade payables and contract liabilitiesE4Issued capitalF4Controlled entitiesB5Remuneration of auditorsC5Property, plant and equipmentE5Non-controlling interest (NCI)F5Related party informationB6Subsequent eventsC6Intangible assetsE6ReservesF6Parent entity disclosuresC7Finance lease receivablesE7DividendsC8ProvisionsC9Contingent liabilitiesPage 125Directors’ Declaration Other informationPage 126Sustainability Performance Summary 2019Page 131Corporate GovernancePage 142Information for Investors
62 Downer EDI LimitedConsolidated Statement of Profit or Loss and Other Comprehensive Incomefor the year ended 30 June 2019Note2019$’m 2018$’mRevenueB212,789.4 12,016.6