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 in December 2003 by the International
Auditing and Assurance Standards Board. However, we
have not performed an audit according to International
Standards on Auditing. Accordingly, we do not express
such an opinion.
Considerations and Limitations
It is important to read the statements and data in the
context of the reporting policies and limitations in the
Report. Environment and social responsibility 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 this
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
MTRC website.
It is also important that, in order to obtain a thorough understanding of the financial results and financial
position of MTRC, the reader should consult the MTRC
Annual Report for the year ended 31December 2004.
Conclusion
We have reported to management that:
- based on the work completed, the statements and
data in the paragraphs in the Report marked with the
symbol
 are supported by underlying evidence.
Nothing has come to our attention to indicate that the
statements require any material adjustment or that the
data is materially misstated;
- the information presented in the Report relating to the
selected statements and data are consistent with the
findings of our work.
 PricewaterhouseCoopers
Certified Public Accountants
Hong Kong, 23 March 2005
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