Primedia Limited Annual Report 2006 Annual Report 2006

Report of the Independent Auditors

TO THE MEMBERS OF PRIMEDIA LIMITED

We have audited the annual financial statements of Primedia Limited and the group set out on pages 46 to 104 for the year ended 30 June 2006. These financial statements are the responsibility of the company's directors. Our responsibility is to express an opinion on these financial statements based on our audit.

We conducted our audit in accordance with International Standards on Auditing. Those Standards require that we plan and perform the audit to obtain reasonable assurance about 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 the management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.  

In our opinion, the financial statements give a true and fair view of the financial position of the company and group as at 30 June 2006 and of the results of its operations and its cash flows for the year then ended, in accordance with International Financial Reporting Standards.

Deloitte & Touche
Registered Auditors

Per Penny Binnie 
Partner

25 October 2006