Financial Statement 2012

Report of the Independent Auditor on the Summary Financial Statements To the Board of Directors of Women’s College Hospital

The accompanying summary financial statements, which comprise the summary statement of financial position as at March 31, 2012, the summary statements of operations and changes in net assets for the year then ended, and related notes, are derived from the audited financial statements of Women’s College Hospital for the year ended March 31, 2012. We expressed an unmodified audit opinion on those financial statements in our report dated June 6, 2012. Those financial statements, and the summary financial statements, do not reflect the effects of events that occurred subsequent to the date of our report on those financial statements. The summary financial statements do not contain all the disclosures required by Canadian generally accepted accounting principles. Reading the summary financial statements, therefore, is not a substitute for reading the audited financial statements of Women’s College Hospital.

Management’s Responsibility for the Summary Financial Statements

Management is responsible for the preparation of a summary of the audited financial statements on the basis described in Note 1.

 Auditor’s Responsibility

Our responsibility is to express an opinion on the summary financial statements based on our procedures, which were conducted in accordance with Canadian Auditing Standard (CAS) 810, “Engagements to Report on Summary Financial Statements.”

Opinion

In our opinion, the summary financial statements derived from the audited financial statements of Women’s College Hospital for the year ended March 31, 2012 are a fair summary of those financial statements, in accordance with the basis described in Note 1.

“signed” PricewaterhouseCoopers LLP
Chartered Accountants, Licensed Public Accountants
Toronto, Canada

June 6, 2012

Note 1 – Applied criteria in the preparation of the summarized financial statements

The criteria applied by management in the preparation of these summarized financial statements are as follows:

• the information in the summarized financial statements is in agreement with the related information in the complete financial statements;

• a summarized statement of cash flows has not been presented, as the relevant information can be obtained from the complete financial statements; and

• the summarized financial statements contain the information necessary to avoid distorting or obscuring matters disclosed in the related complete financial statements, including the notes thereto

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