JV - Award for Best Belgian Sustainability Report

Statutory auditor’s report to the Board of Governors of thePrince Leopold Institute of Tropical Medecine on the financialstatements for the year ended on 31 december 2011In accordance with the legal and statutory requirements, we report to youon the performance of the mandate of statutory auditor, which has beenentrusted to us. This report contains our opinion on the true and fair viewof the financial statements as well as the required additional statements.Unqualified audit opinionon the financial statementsWe have audited the financial statements for the year ended31 December 2011, prepared in accordance with the financialreporting framework applicable in Belgium, which show abalance sheet total of EUR 52.681.784,90 and a for the year ofEUR 360.218,62.Management is responsible for the preparation and the fairpresentation of these financial statements. This responsibilityincludes: designing, implementing and maintaining internalcontrol relevant to the preparation and fair presentation offinancial statements that are free from material misstatement,whether due to fraud or error; selecting and applyingappropriate accounting policies; and making accountingestimates that are reasonable in the circumstances.Our responsibility is to express an opinion on these financialstatements based on our audit. We conducted our audit inaccordance with the legal requirements and the AuditingStandards applicable in Belgium, as issued by the Instituteof Registered Auditors (Institut des Réviseurs d’Entreprises /Instituut van de Bedrijfsrevisoren). Those standards require thatwe plan and perform the audit to obtain reasonable assurancewhether the financial statements are free from materialmisstatement, whether due to fraud or error.In accordance with the above-mentioned auditing standards,we considered the ’s accounting system, as well as its internalcontrol procedures. We have obtained from managementand from the ‘s officials the explanations and informationnecessary for executing our audit procedures. We haveexamined, on a test basis, the evidence supporting theamounts included in the financial statements. We haveassessed the appropriateness of accounting policies and thereasonableness of the significant accounting estimates madeby the as well as the overall financial statement presentation.We believe that these procedures provide a reasonable basisfor our opinion.Additional statementsThe compliance by the with the Law related to not-for-profitassociations, international not-for-profit associations andfoundations is the responsibility of management.Our responsibility is to supplement our report with thefollowing additional statements, which do not modify ouraudit opinion on the financial statements:Taking into account that the audit of the report of the boardof directors is not part of our legal mission, we do not give anopinion upon its contents.Without prejudice to formal aspects of minor importance, theaccounting records were maintained in accordance with thelegal and regulatory requirements applicable in Belgium.There are no transactions undertaken or decisions taken inviolation of the association’s statutes or the Law related to notfor-profitassociations, international not-for-profit associationsand foundations that we have to report to you.Antwerp, 21 May 2012PKF bedrijfsrevisoren CVBAStatutory AuditorsRepresented byPaul De WeerdtRegistered AuditorIn our opinion, the financial statements for the year ended 31December 2011 give a true and fair view of the ‘s assets andliabilities, its financial position and the results of its operationsin accordance with the financial reporting frameworkapplicable in Belgium.MANAGEMENT | 91