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32TO THE SHAREHOLDERS OF GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIESWe have audited the accompanying consolidated fnancial statements of Guardian Media Limited and its subsidiaries (the %u201cGroup%u201d) which comprise the consolidated statement of fnancial position as at 31 December 2015 and the consolidated statements of comprehensive income, changes in equity and cash fows for the year then ended, and a summary of signifcant accounting policies and other explanatory information.Management%u2019s Responsibility for the Consolidated Financial StatementsManagement is responsible for the preparation and fair presentation of these consolidated fnancial statements in accordance with International Financial Reporting Standards, and for such internal control as management determines is necessary to enable the preparation of consolidated fnancial statements that are free from material misstatement, whether due to fraud or error.Auditor%u2019s ResponsibilityOur responsibility is to express an opinion on these consolidated fnancial statements based on our audit. We conducted our audit in accordance with International Standards on Auditing. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance whether the consolidated fnancial statements are free from material misstatement.An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the consolidated fnancial statements. The procedures selected depend on the auditor%u2019s judgement, including the assessment of the risks of material misstatement of the consolidated fnancial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity%u2019s preparation and fair presentation of the consolidated fnancial statements in order to design audit procedures that are appropriate for the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity%u2019s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the consolidated fnancial statements.We believe that the audit evidence we have obtained is suffcient and appropriate to provide a basis for our audit opinion.OpinionIn our opinion, the consolidated fnancial statements present fairly, in all material respects, the fnancial position of the Group as at 31 December 2015 and its fnancial performance and its cash fows for the year then ended in accordance with International Financial Reporting Standards.Port of Spain,TRINIDAD:18 March 2016INDEPENDENT AUDITOR%u2019S REPORT