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REPORT OF FACTUAL FINDINGS TO THE BOARD OF DIRECTORS OF DIESEL AND MOTOR ENGINEERING PLC
The Sustainability Report 2007/2008 has been prepared by the Management of Diesel & Motor Engineering PLC (DIMO) who are responsible for the collection and presentation of information within it. Our engagement was undertaken in accordance with Sri Lanka Auditing Practice Statement applicable to agreed upon procedures engagements. The procedures performed solely to assist you in evaluating the validity of the contents in the Sustainability Report 2007/2008 is summarised below:
1. Obtaining details pertaining to matters in the report from the management of DIMO.
2. Discussing with management activities undertaken during the period under review.
3. Reviewing third party reports and internal documents relating to sustainability performance of DIMO.
4. Discussing with relevant officers the existence of the systems and procedures currently adopted as stated in the report.
5. Dimo Automobile Training School (DATS) and the water treatment plant at Siyambalape were visited to obtain an understanding of the projects undertaken.
6. Verifying the financial information stated in the report have been correctly derived from the audited financial statements into the report.
7. Verifying the non-financial information stated in the report have been correctly transferred from relevant clusters of the company into the report.
We report our findings below:
a) With respect to item 1 we were able to obtain relevant information and details from the management of DIMO and are in agreement with the report.
b) With respect to item 2 we were able to conduct discussions with the management and found that the activities undertaken during the period under review are in agreement with the contents of the report.
c) With respect to item 3 we were able to review third party reports and internal documents and were satisfied with the conclusions given thereof.
d) With respect to item 4 we were able to interview relevant officers and were able to verify the existence of the systems and procedures adopted as stated in the report.
e) With respect to item 5 we found that these projects are in operation.
f) With respect to item 6 the financial information in the report are in agreement with the audited financial statements.
g) With respect to item 7 the non-financial information in the report, are in agreement with the information obtained from the relevant clusters of the company.
Because the above procedures do not constitute either an audit or a review made in accordance with Sri Lanka Auditing Standards, we do not express any assurance on the contents of the Sustainability Report of DIMO for 2007/2008.
Had we performed additional procedures or had we performed an audit or review of the above mentioned report in accordance with Sri Lanka Auditing Standards, other matters might have come to our attention that would have been reported to you.
Our report is solely for the purpose set forth in the first paragraph of this report and for your information and is not to be used for any other purpose.
SJMS Associates
Chartered Accountants
9th May 2008
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