ANNUAL REPORT 06 - Bosnalijek dd

REPORT OF AUDITING BOARD FOR YEAR 2006Bosnalijek d.d. Auditing Board has continuously monitoredfinancial operations of Bosnalijek d.d. through report on businessoperations on semi-annual and annual statement, and also report of anindependent external auditor on revision of financial reports, done byauditing company Deloitte d.o.o. from Sarajevo.External auditor's report on auditing financial statementswith status on day 31.12.2006 has confirmed that presented financialstatement of Bosnalijek d.d. objectively and realistically showed, in allmaterial points, the financial position of Bosnalijek d.d. on 31.12.2006,results of the business operations, as well as changes in monetary flowsand share capital for year 2006. Additionally, external auditor hasdetermined that financial reports of Bosnalijek d.d. are made inaccordance with International Standards on Financial Reportingpublished by International Federation of Accountants and Law onAccounting of Federation of Bosnia and Herzegovina. In accordance withabove-mentioned regulations, a correction of mistake was made in finalcalculation for year 2004 and 2005, in the sense of consistent implementationof MRS 19 – Wages of employees as well as recognising calculatedbonus in accordance with Framework for Composing and Presenting,what is described in point 2, page 8 of the auditing report.In year 2006, Bosnalijek d.d. realised net income of7,836.711,89 KM, what is greater by 186 000 KM in relation to net incomerealised in 2005, or by 2.43%. Earning per a share amounts to 1.3, just likein 2005.In year 2006, Bosnalijek d.d. shareholders having less than10% ordinary shares did not, pursuant to article 70, paragraph 3 ofBosnalijek d.d. Statute, submit to Auditing Board the request forperformance of audit of 6-month and annual statement or audit offinancial operations of Bosnalijek d.d.Auditing Board(signed by):Sead Sarvan, PresidentRabija Avduli, MemberIbrahim Imamović, MemberIn Sarajevo, 29.03.2007serving Your health REPORT OF AUDITING BOARD FOR YEAR 2006 ANNUAL REPORT 06 49