Report of the statutory auditor on the financial statements
Board of Directors’ responsibility
These financial statements and the annual report are the responsibility of the Board of Directors. Our responsibility is to express an opinion on these based on our audit. We confirm that we meet the legal requirements concerning professional qualification and independence.
Our audit was conducted in accordance with auditing standards promulgated by the Liechtenstein profession, which require that an audit be planned and performed to obtain reasonable assurance that the financial statements and annual report are free from material misstatement. We have examined evidence supporting the amounts and disclosures in the financial statements on a test basis. We have also assessed the accounting principles used, significant estimates made and the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.
In our opinion, the financial statements give a true and fair view of the financial position, the result of operations and the cash flows in accordance with Liechtenstein law. Furthermore, the accounting records, the financial statements and the annual report as well as the proposed appropriation of available earnings comply with Liechtenstein law and the Company’s articles of incorporation.
Report on other legal requirements
The annual report corresponds to the annual financial statements and contains no significant incorrect information according to our assessment.
We recommend that the financial statements submitted to you be approved.
Ernst & Young Ltd
(Auditor in charge)
Swiss Certified Accountant
Berne, 28 February 2018