COMPUTERSHARE ANNUAL REPORT 2008

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Independent Auditor’s Report02-13OverviewPricewaterhouseCoopersABN 52 780 433 757Freshwater Place2 Southbank BoulevardSOUTHBANK VIC 3006GPO Box 1331LMELBOURNE VIC 3001DX 77Website: www.pwc.com/auTelephone +61 3 8603 1000Facsimile + 61 3 8603 199914-36GovernanceReport on the financial reportWe have audited the accompanying financial report of Computershare Limited (the company), which comprises the balance sheetas at 30 June 2008, and the income statement, statement of changes in equity and cash flow statement for the year ended on thatdate, a summary of significant accounting policies, other explanatory notes and the directors’ declaration for both ComputershareLimited and the Computershare Limited Group (the consolidated entity). The consolidated entity comprises the company and theentities it controlled at the year’s end or from time to time during the financial year.Directors’ responsibility for the financial reportThe directors of the company are responsible for the preparation and fair presentation of the financial report in accordancewith Australian Accounting Standards (including the Australian Accounting Interpretations) and the Corporations Act 2001.This responsibility includes establishing and maintaining internal controls relevant to the preparation and fair presentation ofthe financial report that is free from material misstatement, whether due to fraud or error; selecting and applying appropriateaccounting policies; and making accounting estimates that are reasonable in the circumstances. In Note 1, the directors also state,in accordance with Accounting Standard AASB 101 Presentation of Financial Statements, that the financial report, comprising thefinancial statements and notes, complies with International Financial Reporting Standards as issued by the International AccountingStandards Board.Auditor’s responsibilityOur responsibility is to express an opinion on the financial report based on our audit. We conducted our audit in accordance withAustralian Auditing Standards. These Auditing Standards require that we comply with relevant ethical requirements relating to auditengagements and plan and perform the audit to obtain reasonable assurance whether the financial report is free from materialmisstatement.An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial report. Theprocedures selected depend on the auditor’s judgement, including the assessment of the risks of material misstatement of thefinancial report, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant tothe entity’s preparation and fair presentation of the financial report in order to design audit procedures that are appropriate in thecircumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. An audit alsoincludes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by thedirectors, as well as evaluating the overall presentation of the financial report.Our procedures include reading the other information in the Annual Report to determine whether it contains any materialinconsistencies with the financial report.For further explanation of an audit, visit our website http://www.pwc.com/au/financialstatementaudit.Our audit did not involve an analysis of the prudence of business decisions made by directors or management.We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.IndependenceIn conducting our audit, we have complied with the independence requirements of the Corporations Act 2001.37-88Financials89-92Reports93-96Further InformationLiability limited by a scheme approved under Professional Standards LegislationPAGE 91
Auditor’s opinionIn our opinion:(a) the financial report of Computershare Limited is in accordance with the Corporations Act 2001, including:(i) giving a true and fair view of the company’s and consolidated entity’s financial position as at 30 June 2008 and of theirperformance for the year ended on that date; and(ii) complying with Australian Accounting Standards (including the Australian Accounting Interpretations) and the CorporationsRegulations 2001; and(b) the financial report complies with International Financial Reporting Standards as issued by the International AccountingStandards Board as disclosed in Note 1.Report on the Remuneration ReportWe have audited the Remuneration Report included in pages 26 to 34 of the directors’ report for the year ended 30 June 2008.The directors of the company are responsible for the preparation and presentation of the Remuneration Report in accordance withsection 300A of the Corporations Act 2001. Our responsibility is to express an opinion on the Remuneration Report, based on ouraudit conducted in accordance with Australian Auditing Standards.Auditor’s opinionIn our opinion, the Remuneration Report of Computershare Limited for the year ended 30 June 2008, complies with section 300Aof the Corporations Act 2001.PricewaterhouseCoopersSimon GrayMelbournePartner 10 September 2008PAGE 92 Computershare Annual Report 2008
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Management Discussion and AnalysisC
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North America Regional OverviewDesp
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2008 HIGHLIGHTS> Acted for all majo
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As at the date of this Annual Repor
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4. BOARD INDEPENDENCEThe Board has
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With limited exceptions, the Compan
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PricewaterhouseCoopers rotates audi
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DIVIDENDSThe following dividends of
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LIKELY DEVELOPMENTS AND FUTURE RESU
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No incentives, either short or long
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In the case of key management perso
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Key management personnel and most h
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Value of options included in key ma
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Details of the amounts paid to the
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Income Statements for the year ende
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Statements of Changes in Equity for
Page 42 and 43: Notes to the Financial Statements1.
Page 44 and 45: Impairment of assetsAll non-current
Page 46 and 47: Business combinationsThe purchase m
Page 48 and 49: HedgingThe Group documents at the i
Page 50 and 51: 2. REVENUE AND EXPENSES FROM CONTIN
Page 52 and 53: 5. INCOME TAXa) Income tax expenseC
Page 54 and 55: Reconciliation of weighted average
Page 56 and 57: ConsolidatedLand atcost$00016. PROP
Page 58 and 59: ConsolidatedParent Entity2008 2007
Page 60 and 61: Impairment tests for goodwillGoodwi
Page 66 and 67: Nature and purpose of reservesi. Fo
Page 68 and 69: Defined Benefit Funds1) Karvy Compu
Page 70 and 71: Name of subsidiaryPlace of incorpor
Page 72 and 73: Name of subsidiaryPlace of incorpor
Page 74 and 75: The assets and liabilities arising
Page 76 and 77: Computershare Limited Closed Group
Page 78 and 79: 33. RELATED PARTY DISCLOSURESKey ma
Page 80 and 81: (a) Interest rate riskInterest rate
Page 82 and 83: The consolidated entity minimises c
Page 84 and 85: (c) OtherThe Group is subject to re
Page 86 and 87: SECONDARY BASIS - Business Segments
Page 88 and 89: 40. ASSOCIATED ENTITIESDetails of i
Page 90 and 91: Directors’ DeclarationIn the dire
Page 94 and 95: Shareholder InformationThis section
Page 96 and 97: Office Locations02-13Overview14-36G
Page 98: HEAD OfficeComputershare LimitedABN
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COMPUTERSHARE ANNUAL REPORT 2008

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