Plan Worldwide Annual Review and Combined Financial ...

Independent auditors’ report to the Board of Directors
of Plan International, Inc.
We have audited the accompanying combined financial statements of Plan International Worldwide which comprise the combined statement
of financial position of the entities set out in Note 1 of the combined financial statements as at 30 June 2012, and the related combined income
statement, the combined statement of comprehensive income and expenditure, the combined statement of cash flows and the combined
statement of changes in fund balances for the year then ended, and a summary of significant accounting policies and other explanatory
information.
Directors’ responsibilities for the combined financial statements
The directors are responsible for the preparation and fair presentation of these combined financial statements in accordance with the basis
of preparation set out in Note 1 of the combined financial statements, for determining that the basis of presentation is acceptable in the
circumstances and for such internal control as management determines is necessary to enable the preparation of combined financial statements
that are free from material misstatement, whether due to fraud or error.
Auditors’ responsibility
Our responsibility is to express an opinion on these financial 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 financial statements are free of material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures
selected depend on the auditors’ judgment, including the assessment of the risks of material misstatement of the financial statements, whether due
to fraud or error. In making those risk assessments, the auditors consider internal control relevant to the preparation and fair presentation of the
financial statements 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 internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of
accounting estimates made by the directors, as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a reasonable basis for our audit opinion.
Opinion
In our opinion, the accompanying combined financial statements present fairly, in all material respects, the combined financial position of the
entities set out in Note 1 of the combined financial statements, comprising Plan International Worldwide as at 30 June 2012, and the combined
results of its operations and its combined cash flows for the year then ended in accordance with the basis of preparation set out in Note 1 of the
combined financial statements.
Emphasis of matter
Without modifying our opinion, we draw attention to the fact that, as described in note 1 to the combined financial statements,
the entities included in the combined financial statements have not operated as a single entity during the year.
Other matters
This report, including the opinion, has been prepared for and only for the Directors of Plan International, Inc. for reasons of good corporate
governance and for no other purpose. We do not, in giving this opinion, accept or assume responsibility for any other purpose or to any other
person to whom this report is shown or into whose hands it may come save where expressly agreed by our prior consent in writing.
PricewaterhouseCoopers LLP
Chartered Accountants
London
United Kingdom
19 October 2012
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