Independent Audit Report to the Members of GrainCorp Limited Scope We have audited the concise financial report of GrainCorp Limited (the Company) for the financial year ended  30 September 2001 as set out on pages 43 to 56, in  order to express an opinion on it to the members of  the Company. The Company’s Directors are responsible  for the concise financial report. Our audit has been conducted in accordance with Australian Auditing Standards to provide reasonable assurance as to whether the concise financial report is free of material misstatement. We have also performed  an independent audit of the full financial report of the Company for the financial year ended 30 September  2001. Our audit report on the full financial report was signed on 27 November 2001, and was not subject to  any qualification. Our procedures in respect of the audit of the concise financial report included testing that the information included in it is consistent with the full financial report,  and examination, on a test basis, of evidence supporting the amounts, discussion and analysis and other disclosures which were not directly derived from the full financial report. These procedures have been undertaken to form an opinion as to whether the concise financial report complies with Accounting Standard AASB 1039: Concise Financial Reports in that, in all material respects,  it is presented fairly in accordance with that standard. The audit opinion expressed in this report has been formed on the above basis. In our opinion, the concise financial report of the Company complies with Accounting Standard AASB 1039: Concise Financial Reports. Audit Opinion 5 | nun on La I PricewaterhouseCoopers Chartered Accountants D. E. Wills Partner Sydney 28 November 2001 GrainCorp 2001 Annual Report 57