
INDEPENDENT AUDITOR’S
REPORT
To the Board of Directors and Shareholder of CRH America, Inc. and subsidiaries
Opinion
We have audited the consolidated financial statements of CRH America, Inc. and subsidiaries,
ultimately a wholly-owned subsidiary of CRH plc,
a Republic of Ireland corporation, (the Company),
which comprise the consolidated balance sheet as of December 31
, 2021 and 2020 and the related
consolidated statements of operations, shareholder
’
s equity, and cash flows for the years then ended,
and the related notes to the financial statements (collectively ref
erred to as the “financial
statements”).
In our opinion, the accompanying financial statements present fairly, in all material respects, the
financial position of the Company as of December 31, 2021 and 2020, and th
e results of its operations
and its cash flows for the years then ended in accordance with accounting principles generally
accepted in the United States of America.
Basis for Opinion
We conducted our audits in accordance with auditing standards generally accepte
d in the United
States of America (GAAS). Our responsibilities under
those standards are further described in the
Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are
required to be independent of the Company and to meet our other ethical responsibilities,
in
accordance with the relevant ethical requirements
relating to our audits. We believe that the audit
evidence we have obtained is sufficient and appr
opriate to provide a basis for our audit opinion.
Emphasis-of-Matter—Related Parties
As discussed in the financial statements, the Company had significant transactions with related
parties. Because of these relationships, it is possible that the terms of these transactions are not the
same as those that would result from transactions among unrelated parties.
Additionally, the accompanying financial statements
have been prepared fro
m the separate records
maintained for the Company and may not necessarily be indicati
ve of the conditions that would have
existed or the results of operations if the Compan
y had operated as an unaffiliated company from CRH
Plc and its subsidiaries.
Portions of certain income and expense represent allocations ma
de from items applicable to CRH Plc
and its subsidiaries as a whole.
Responsibilities of Management for the Financial Statements
Management is responsible for the pre
paration and fair presentation of the financial statements in
accordance with accounting principles generally accepted in the U
nited States of America, and for the
design, implementation, and maintenance of internal control relevant to the preparation and fair
presentation of financial statements that are free from material misstatement, whether due
to fraud or
error.
In preparing the financial statements, management is required to evaluate whether there
are
conditions or events, considered in the aggregate, that raise substantial doubt about the Company’s
ability to continue as a going concern for one year after the date that the financial statements are
issued.