RSM Malta is a member of the RSM Network and trades as RSM. RSM is the trading name used by the members of the RSM network. Each member of the RSM Network is an independent assurance, tax and consulting firm each of which practices in its own right.The RSM network is not itself a separate legal entity of any description in any jurisdiction.
INDEPENDENT AUDITORS’ REPORT
To the Shareholders of The Convenience Shop (Holding) plc
Report on the Audit of The Financial Statements
Opinion
We have audited the accompanying financial statements of The Convenience Shop (Holding) plc (“the Company”) and the consolidated financial statements of the Company and its subsidiaries (together, “the Group”), set out on pages 26 - 68, which comprise the statements of financial position as at 31 December 2023, the statements of comprehensive income, statements of changes in equity and statements of cash flows for the year then ended, and notes to the financial statements, including a summary of material accounting policy information.
In our opinion, the financial statements give a true and fair view of the financial position of the Company and of the Group as at 31 December 2023, and of their financial performance and their cash flows for the year then ended in accordance with International Financial Reporting Standards (IFRS Accounting Standards) as adopted by the European Union (“EU”), and have been properly prepared in accordance with the requirements of the Maltese Companies Act (Cap. 386).
Our opinion is consistent with the additional report to the audit committee in accordance with the provision of Article 11 of the EU Regulation No. 537/2014 on specific requirements regarding statutory audits of public-interest entities.
Basis for Opinion
We conducted our audit in accordance with International Standards on Auditing (“ISA”). Our responsibilities under those standards are further described in the Auditors’ Responsibilities for the Audit of the Financial Statements section of our report. We are independent of the Company and of the Group in accordance with the ethical requirements of both the International Ethics Standards Board for Accountants’ International Code of Ethics for Professional Accountants (including International Independence Standards) (IESBA Code) and the Accountancy Profession (Code of Ethics for Warrant Holders) Directive issued in terms of the Accountancy Profession Act (Cap. 281) in Malta that are relevant to our audit of the financial statements, and we have fulfilled our other ethical responsibilities in accordance with the IESBA Code and the Code of Ethics for Warrant Holders in Malta. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
To the best of our knowledge and belief, we declare that non-audit services that we have provided to the parent company and its subsidiaries are in accordance with the applicable laws and regulations in Malta and that we have not provided any non-audit services that are prohibited under Article 18A of the Accountancy Profession Act (Cap. 281).
The non-audit services that we have provided to the Group during the year ended 31 December 2023 are disclosed in Note 5 to the financial statements.
