Auditors' Report
To the Members of Canadian Microelectronics Corporation/Société Canadienne de Micro électronique
We have audited the statement of financial position of Canadian Microelectronics Corporation/Société Canadienne de Micro électronique as at March 31, 2009 and the statements of changes in net assets, revenue and expenditures and cash flows for the year then ended. These financial statements are the responsibility of the organization's management. Our responsibility is to express an opinion on these financial statements based on our audit.
We conducted our audit in accordance with Canadian generally accepted auditing standards. Those standards require that we plan and perform an audit to obtain reasonable assurance whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation.
In our opinion, these financial statements present fairly, in all material respects, the financial position of the organization as at March 31, 2009 and the results of its operations and its cash flows for the year then ended in accordance with Canadian generally accepted accounting principles.
Collins Barrow Kingston LLP
Chartered Accountants
Licensed Public Accountants
Kingston, Ontario
May 6, 2009