Economic results for - AŽD Praha, sro

The audit includes performance of auditing procedures aimed at obtaining evidence on the amounts and facts stated in the final accounts.The selection of the auditing procedures depends on the auditor‘s judgement including an assessment of the risks for significant (material) inaccuraciesin final accounts caused by fraud or error. When assessing such risks, the auditor takes into consideration internal inspections whichare relevant for compilation and true view of the final accounts. The objective of the internal inspections assessment is to propose appropriateauditing procedures, but not to comment on the effectiveness of internal inspections. The audit also includes an assessment of the suitabilityof the accounting methods used, reasonability of accounting estimates as well as assessment of the overall presentation of the final accounts.We truly believe that the obtained evidence provides sufficient and appropriate base for providing our statement.Auditor’s statement (Without objections):Pursuant to our opinion, the final accounts of AŽD Praha s.r.o. provide a true and faithful image of the assets, liabilities and financialsituation as at September 30, 2011, and of the expenses, revenues, business results, equity capital and cash flow achieved duringthe period ending on September 30, 2011 in compliance with Accounting Act and relevant regulations of the Czech Republic.Auditing companyEKMA FIN, a.s.Registered office: Ondříčkova 27/609, 130 00 Praha 3Auditing company’s certificate No.: 076Report elaborated by: Ing. Jana Buková, auditorAuditor’s certificate No.: 1214Date: December 16, 2011. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Ing. Pavel ŠrámekCEO. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Ing. Jana Bukováauditor67