Full of Energy - Energie AG Oberösterreich

ANNUAL REPORT2007/2008Auditor’s CertificateAuditor’s CertificateTHE GROUPGROUP MANAGEMENT REPORTTHE ENERGY SEGMENTTHE WASTE MANAGEMENT SEGMENTTHE WATER SEGMENTCONSOLIDATED FINANCIAL STATEMENTSEnergie AG Oberösterreich, LinzReport on the Audit of the Financial Statements as at 30 September 2008Continuation of the Unqualified Auditor’s CertificateAn audit includes that audit activities are performed in order to obtain evidence concerning the amounts andother disclosures contained in the consolidated financial statements. It is the duty and lies in the discretion ofthe auditor to select specific audit activities, taking account of his/her assessment concerning the risk thatmaterial misstatements may appear, either on the basis of intended or unintended errors. When making thisrisk assessment, the auditor takes account of the internal audit system – to the extent that it is of significancefor preparing the consolidated financial statements and for conveying, as fairly as possible the assets, financialand earnings position of the Group – in order to be able to determine the appropriate auditing activities (givingdue consideration to the overall conditions), but does not judge the efficiency of the internal audit system ofthe Group. The audit also comprises an evaluation of the adequacy of the applied accounting and valuationmethods and the material estimates made by the legal representatives, as well as an appraisal of the overallconclusions conveyed by the consolidated financial statements.We are of the opinion that we have obtained sufficient and appropriate evidence in the course of the audit sothat our auditing activities are a sufficiently reliable basis for our audit opinion.Audit OpinionOur audit did not give rise to any objections. On the basis of the knowledge obtained in the course of theaudit, it is our opinion that the consolidated financial statements comply with the statutory requirements andpresent fairly, in all material respects, the assets, financial and earnings position of the Group as at 30 September2008, as well as of the earnings position and cash flows of the Group during the business year 1 October2007 to 30 September 2008 in accordance with the International Financial Reporting Standards (IFRS), asthey need to be applied in the EU.Report on the Group’s Management ReportOn the basis of the statutory regulations valid in Austria, the Group’s management report must be audited withthe perspective as to whether it is in conformity with the consolidated financial statements and whether theother information disclosed in the Group’s management report does not give rise to any misconceptions concerningthe position of the Group.In our opinion the Group’s management report is in conformity with the consolidated financial statements.Linz, 28 November 2008KPMG Austria GmbHFirm of Chartered Accountants and Tax Consultants136Gabriele LehnerPeter Humer(Chartered Accountant) (Chartered Accountant)The consolidated financial statements with our audit certificate may only be published or disseminated in theformat certified by us. Any and all deviating versions (e.g. shortened versions or translations into anotherlanguage) fall under § 281 (2) of the Commercial Law Code.137