 |
 |
|
 |
|
 |
|
|
To the Directors of MTR Corporation
Introduction – MTR Corporation has issued a
Sustainability Report 2008 (“the Report”) covering its
approach to corporate sustainability and detailing the
social and environmental responsibility, and economic
contributions it has made during 2008. We have been
asked to provide assurance over selected data reported
in the Report. The objectives of our assurance, the
scope of our work and our findings are detailed below.
The Directors are solely responsible for the contents of
the Report, the reliability of the information presented
and its maintenance and integrity on the internet. Our
responsibility is only confined to the management
of the Company and to report on the subject matter
indicated based on our assurance work and on the
terms agreed with management for this purpose. The
work described below has been carried out solely for
the Directors and was not planned in contemplation
of any third parties relying on it. Accordingly,
PricewaterhouseCoopers will accept no responsibility
for the use or interpretation of the results of its work by
any third parties.
Our objectives – The subject of the assurance
engagement is the 2008 performance (hereafter
referred as the “subject matter”) of the table entitled
Priority Sustainability Business Risks and Performance
on page 24. Definitions of the subject matter are on
page 57.
The overall objectives of our procedures were to:
- Assess whether the subject matter is reasonably
supported by underlying evidence;
- Read the Report to assess the consistency of the
information presented with the findings of our work.
Assurance work performed – Our procedures were
limited to:
- Interviews with management and personnel in
Operations, Property, Projects, China & International
Business, Finance, Legal & Procurement, Human
Resources & Administration divisions and
Sustainability Development Department involved in
providing information for inclusion in the Report in
relation to the subject matter;
- Examination on a test basis of documentary evidence
relating to the subject matter on which we report;
- Assessment of the relevant sections of the Report
relating to the subject matter to check for consistency
with the findings of our work.
Basis of our work – We planned and performed our
evidence-gathering procedures to obtain a basis for
our conclusions in accordance to the International
Standard on Assurance Engagements (ISAE) 3000
Assurance Engagements other than Audits or Reviews
of Historical Information, approved December 2003 by
the International Auditing and Assurance Standards
Board.
Considerations and limitations – It is important to
read the statements and data in the context of the
reporting policies and limitations explained on page 52
of the Report. Social and environmental data is subject
to many more inherent limitations than financial data
given both their nature and the methods used for data
determination, calculation or estimation.
We have not provided assurance over all contents of
the Report, nor have we undertaken work to confirm
that all relevant issues are included.
We have not carried out any work on data reported in
respect of targets or future projections. We have not
provided assurance over previous years' data.
We have not performed work on the maintenance and
integrity of information in the Report published on the
MTR Corporation website.
It is also important that, in order to obtain a thorough
understanding of the financial results and financial
position of MTR Corporation, the reader should consult
the MTR Corporation Annual Report for the year ended
31 December 2008.
Conclusion – We have reported to management that
based on the work performed and described in this
report:
- The subject matter is reasonably supported by
underlying evidence. Nothing has come to our
attention to indicate that the subject matter is
materially misstated;
- The information presented in the Report relating to
the subject matter is consistent with the findings of
our work.
PricewaterhouseCoopers
Certified Public Accountants
Hong Kong
12 May 2008