Audit report Sunrise 2004 final

MIKRO KREDITNA ORGANIZACIJA SUNRISE SARAJEVO Financial statements for the years ended 31 December 2004 and 2003 together with Independent auditors’ report Contents Page Responsibility fo Financial Statements 1 Independent Auditors’ Report 2 Financial Statements: Income Statements 3 Balance Sheets 4 Statements of Cash Flows 5 Statements of Changes in Net Assets 6 Notes to the Financial Statements 7 – 23 ƒƒƒƒ Responsibility for Financial Statements Pursuant to the Accounting Law of Federation of Bosnia and Herzegovina (FBiH) (“Official Gazette of Federation of Bosnia and Herzegovina” 2/95 and 12/98), Management is responsible for ensuring that financial statements are prepared for each financial year in accordance with International Financial Reporting Standards (IFRS) as published by the International Accounting Standards Board (IASB) which give a true and fair view of the state of affairs and results of the company and the group for that period. After making enquiries, Management has a reasonable expectation that the Organisation has adequate resources to continue in operational existence for the foreseeable future and continues to adopt the going concern basis in preparing the financial statements. In preparing those financial statements, the responsibilities of Management include ensuring that: suitable accounting policies are selected and then applied consistently ...