b'\x03\x03Independent Auditors ReportTo the Members of Equestrian Australia Limited \x03\x03OpinionWe ha ve audited the financial report of Equestrian Australia Limited (the Company) which comprisesthestatementoffinancialpositionasat30June2019,thestatementofcomprehensive income, the statement of changes in equity and the statement of cash flows forthe epyeaenr dethentnAenuddeitd,or ans dR epnoorttes to the financial statements, including a summary of significant IndaccoTo theun tMinegmbers policies, ofanEqud teshet ridianrec Atorusst raldecliaara Limtionite.d In our opinion, the accompanying financial report of the Company is in accordance with the Opinion i ons Act 2001, including:Corporat (the Company) which We haav)eau tthreue f anncialrrvepiewor t ofo ft heEq ueCompanystrian Asust firnaalincia Li ited as at 30 June 2019 givdiingted aina d fai alm posit ion comprisesanthe ofnamncianalcepo 2 019,thestatementof d o f stitsa tfemeinancintal perffiorforsi ttheion y eaasrtheat n 30en deJund; anedcomprehensive income, the statement of changes in equity and the statement of cash flows for Asustr Sttsa,nd inclardsud inga sRummeducearydof Dsiisclgniosuficanretthe yeabr)thecompln enydeingd,anwdit hnoteto altheian f inaAnciccoual sntintategmenaccounting policies, and the directors declaration.Requirements and the Corporations Regulations 2001. Inas financial report of the Company is in accordance with the Bouisrfopori niOonpin, itonhe accompanying Corporations Act 2001, including: Weconducted our audit in accordance with Australian Auditing Standards. Our responsibilities under taho)gi vstingan daa t ueaanre dfur fair v ewsc of Companys fina al onposisibitilonities a sfo ase rrds ther ide ri bethedin the Auditors Rnciesp r tt he30AJunudieto20f the19Financial Ranepdort ofsecits ftinaionnci ofal ou per rrfeporomrant. Wceefaorre t heind yepeaenr tdehentnenof dethed;Canomd pany in accordance with theau ditorindependencerequirementsoftheCorporationsAct2001andtheethical compl A S requiremenb)ts of ytheing AccwouithntingustrStatannddaardsrdsBoardRsed AucePESd11D0i sclCodosue roef Proalfeianssi onAalccou andntin Ethigcal Ethics for RPeqrofuiessiremonenalt sA anccoud tntanthe Corporas (thet ionCods eReg) tul t arnser20elev01an. t to our audit of the financial haatiorep ort in Australia. We have also fulfilled our other ethical responsibilities in accordance with B piniontheas Cisod foe.rO Weecoconndfiuctedrm tha out audit epin enaccodencerda ndececl waratith iAonusteq r ct 20on01si, biwlhiitieschW trhe ind r raliuianred A udbyit itngheSCtanorpodarradstion. Osu A resphade hoseto rtdsheadrierector furthes ro def the be in the same gun sr ten gi vstenanda scr iCbeodm ipan tnyhe,Awudouiltdors Responsibiliti ester fmors t heif AivudenittoofttheheFi bedirnaectorncialsasRep atort the sec timtieon o fo tfhi ous aur repditoorrt.sWrepe oarrte. independent of the Company in accordance with t auditorindependencerequirementsoftheCorporationsAct2001andtheethicalhe requirements of the Accounting Professional and Ethical Standards Boards APES 110 Code of We believe that the audit evidence we have obtained is sufficient and appropriate to provide a Ethisicss f ofor rou Prr oopfessiinionon. al Accountants (the Code) that are relevant to our audit of the financial bar in Australia. We have also fulfilled our other ethical responsibilities in accordance witheporthe Code.tWeconfirm that the independence declaration required by the Corporations Act 2001, which hasbeen given to the directors of the Company, would be in the same terms if given to the directors as at the time of this auditors report.Webelieve that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. 35\x03 35\x03 75'