KPMG LLP
618 Greenwood Centre
3200 Deziel Drive
Windsor ON N8W 5K8
Canada
Telephone (519) 251-3500
Fax (519) 251-3530
INDEPENDENT AUDITORS' REPORT
To the Shareholder of Windsor Canada Utilities Ltd.
Opinion
We have audited the consolidated financial statements of Windsor Canada Utilities Ltd. (the Entity), which comprise:
x the consolidated balance sheet as at December 31, 2019
x the consolidated statement of income for the year then ended
x the consolidated statement of comprehensive income for the year then ended
x the consolidated statement of changes in equity for the year then ended
x the consolidated statement of cash flows for the year then ended
x and notes to the consolidated financial statements, including a summary of significant accounting policies
(Hereinafter referred to as the ''financial statements'').
In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of the Entity as at December 31, 2019, and its financial performance and its cash flows for the year then ended in accordance with International Financial Reporting Standards (IFRS).
Basis for Opinion
We conducted our audit in accordance with Canadian generally accepted auditing standards. Our responsibilities under those standards are further described in the ''Auditors' Responsibilities for the Audit of the Financial Statements'' section of our auditors’ report.
We are independent of the Entity in accordance with the ethical requirements that are relevant to our audit of the financial statements in Canada and we have fulfilled our other ethical responsibilities in accordance with these requirements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.