Australian Securities & Electronic Lodgement

Investments Commission Document No. 7EAQ81997

Lodgement date/time: 30-10-2019 16:57:34
Reference Id: 131864197

Form 388
Corporations Act 2001
294, 295, 298-300, 307, 308, 319, 321, 322
Corporations Regulations
1.0.08

Copy of financial statements and reports

Company details

Company name

IBISWORLD PTY LTD

ACN

006 819 987

Lodgement details

Registered auditor number

366688
Registered auditor name

RAMI ELTCHELEBI

Reason for lodgement of statement and reports

A large proprietary company that is not a disclosing entity

Dates on which financial
Financial year end date
year ends
30-06-2019

Details of large proprietary company

What is the consolidated revenue of the large proprietary company and the
entities that it controls?
87714774
What is the value of the consolidated gross assets of the large proprietary
company and the entities that it controls?
74423674
How many members does the large proprietary company have?
438

ASIC Form 388 Ref 131864197

Page 1 of 3
Form 388 - Copy of financial statements and reports
IBISWORLD PTY LTD ACN 006 819 987

Auditor's report

Were the financial statements audited?

Yes
Is the opinion/conclusion in the report modified? (The opinion/conclusion in
the report is qualified, adverse or disclaimed)

No
Does the report contain an Emphasis of Matter and/or Other Matter
paragraph?

Yes

Details of current auditor or auditors

Current auditor
Date of appointment 01-02-2015
Name of auditor
SHINEWING AUSTRALIA
Address
LEVEL 10
530 COLLINS STREET
MELBOURNE VIC 3000

Certification

I certify that the attached documents are a true copy of the original reports
required to be lodged under section 319 of the Corporations Act 2001.
Yes

Signature

Select the capacity in which you are lodging the form

Agent
I certify that the information in this form is true and complete and that I am
lodging these reports as, or on behalf of, the company.
Yes

Authentication

This form has been authenticated by

Name RAMI ELTCHELEBI
This form has been submitted by
Name Rami ELTCHELEBI
Date 30-10-2019

For more help or information

Web www.asic.gov.au

ASIC Form 388 Ref 131864197

Page 2 of 3
Form 388 - Copy of financial statements and reports
IBISWORLD PTY LTD ACN 006 819 987

Ask a question? www.asic.gov.au/question

Telephone 1300 300 630

ASIC Form 388 Ref 131864197

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Auditor’s Independence Declaration under Section 307C of the Corporations Act

2001 to the directors of IBISWorld Pty Ltd and Controlled Entities

I declare that, to the best of my knowledge and belief, during the year ended 30 June 2019 there have been:

(i) No contraventions of the auditor independence requirements as set out in the Corporations Act 2001 in relation
to the audit, and

(ii) No contraventions of any applicable code of professional conduct in relation to the audit.

ShineWing Australia
Chartered Accountants

Rami Eltchelebi
Partner

Melbourne, 30th October 2019

ShineWing Australia ABN 39 533 589 331. Liability limited by a scheme approved under Professional Standards Legislation. ShineWing Aust ralia is an independent member of ShineWing
International Limited – members in principal cities throughout the world.
4
INDEPENDENT AUDITOR’S REPORT
TO THE MEMBERS OF IBISWORLD PTY LTD AND CONTROLLED ENTITIES

Opinion

We have audited the financial report of IBISWorld Pty Ltd (“the Company”) and its controlled entities (“the Group”)
which comprises the consolidated statement of financial position as at 30 June 2019, the consolidated statement of
comprehensive income, the consolidated statement of changes in equity and the consolidated statement of cash
flows for the year then ended, and notes to the financial statements, including a summary of significant accounting
policies, and the directors’ declaration.

In our opinion, the accompanying financial report of the Group is in accordance with the Corporations Act 2001,
including:

a) giving a true and fair view of the Group’s financial position as at 30 June 2019 and of its financial performance
for the year then ended; and
b) complying with Australian Accounting Standards to the extent described in Note 1 and the Corporations
Regulations 2001.

Basis for Opinion

We conducted our audit in accordance with Australian Auditing Standards. Our responsibilities under those
standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Report section of our
report. We are independent of the Group in accordance with the auditor independence requirements of the
Corporations Act 2001 and the ethical requirements of the Accounting Professional and Ethical Standards Board’s
APES 110 Code of Ethics for Professional Accountants (“the Code”) that are relevant to our audit of the financial
report in Australia. We have also fulfilled our other ethical responsibilities in accordance with the Code.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Emphasis of Matter – Basis of Accounting

We draw attention to Note 1 to the financial report, which describes the basis of accounting. The financial report
has been prepared for the purpose of fulfilling the director’s financial reporting responsibilities under the
Corporations Act 2001. As a result, the financial report may not be suitable for another purpose. Our opinion is not
modified in respect of this matter.

Information Other than the Financial Report and Auditor’s Report Thereon

The directors are responsible for the other information. The other information comprises the information included in
the Group’s annual report for the year ended 30 June 2019, but does not include the financial report and our
auditor’s report thereon.

Our opinion on the financial report does not cover the other information and accordingly we do not express any
form of assurance conclusion thereon.
In connection with our audit of the financial report, our responsibility is to read the other information and, in doing
so, consider whether the other information is materially inconsistent with the financial report or our knowledge
obtained in the audit or otherwise appears to be materially misstated.

ShineWing Australia ABN 39 533 589 331. Liability limited by a scheme approved under Professional Standards Legislation. Shin eWing Australia is an independent member of ShineWing
International Limited – members in principal cities throughout the world.
If, based on the work we have performed, we conclude that there is a material misstatement of this other
information, we are required to report that fact. We have nothing to report in this regard.

Responsibilities of the Directors for the Financial Report

The directors of the Company are responsible for the preparation of the special purpose financial report that gives a
true and fair view and have determined that the basis of preparation described in Note 1 to the financial report is
appropriate to meet the requirements of the Corporations Act 2001 and is appropriate to meet the needs of the
members. The director’s responsibility also includes such internal control as the directors determine is necessary
to enable the preparation of the financial report that gives a true and fair view and is free from material
misstatement, whether due to fraud or error.

In preparing the financial report, the directors are responsible for assessing the ability of the Group to continue as a
going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of
accounting unless the directors either intend to liquidate the Group or to cease operations, or have no realistic
alternative but to do so.

Auditor’s Responsibilities for the Audit of the Financial Report

Our objectives are to obtain reasonable assurance about whether the financial report as a whole is free from
material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion.
Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance
with Australian Auditing Standards will always detect a material misstatement when it exists. Misstatements can
arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be
expected to influence the economic decisions of users taken on the basis of this financial report.

As part of an audit in accordance with the Australian Auditing Standards, we exercise professional judgement and
maintain professional scepticism throughout the audit.

We identify and assess the risks of material misstatement of the financial report, whether due to fraud or error,
design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and
appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud
is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions,
misrepresentations, or the override of internal control.

We obtain an understanding of internal control relevant to the audit 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 the
Group’s internal control.

We evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and
related disclosures made by the directors.

We conclude on the appropriateness of the directors’ use of the going concern basis of accounting and, based on
the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast
significant doubt on the Group’s ability to continue as a going concern. If we conclude that a material uncertainty
exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial report or, if
such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained
up to the date of our auditor’s report. However, future events or conditions may cause the Group to cease to
continue as a going concern.

We evaluate the overall presentation, structure and content of the financial report, including the disclosures, and
whether the financial report represents the underlying transactions and events in a manner that achieves fair
presentation.

We obtain sufficient appropriate audit evidence regarding the financial information of the entities or business
activities within the Group to express an opinion on the financial report. We are responsible for the direction,
supervision and performance of the Group audit. We remain solely responsible for our audit opinion.
We communicate with the directors regarding, among other matters, the planned scope and timing of the audit and
significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide the directors with a statement that we have complied with relevant ethical requirements regarding
independence, and to communicate with them, all relationships and other matters that may reasonably be thought
to bear on our independence, and where applicable, related safeguards.

ShineWing Australia
Chartered Accountants

Rami Eltchelebi
Partner

Melbourne, 30th October 2019