CCF- Audit Report 2007 Final vr2

Public Accountants and Tax Advisors~L H~JJ &co. RepresentativE of Kreston InternationalCredit Commercial et Foncier 5.0.1Financial Statements and Auditor's Reports31 December 2007K Kreston International1 Contents Page Independent Auditor’s Report 3 Balance Sheet 4 - 5 Off-Balance Sheet Items 6 Statement of Income 7 Statement of Cash Flows 8 Statement of Changes in Equity 9 Notes to the Financial Statements 10 to 12 2/124L H4JJ &co.Public Accountants and Tax AdvisorsRepresentatives of Kreston InternationalIndependent Auditor's Report to the ShareholdersTo the ShareholdersCredit Commercial et Foncier s.a.1Beirut, LebanonWe have audited the accompanying financial statements of Credit Commercial et Foncier s.a.1.whichcomprise the balance sheet as of 31 December 2007 and the income statement. cash flows statement andstatement of changes in equity for the year then ended, and a summary of significant accounting policiesand other explanatory notes.Director's Responsibility for the Financial StatementsThe· directors are responsible far the preparation and fair presentation of these financial statements inaccordance with International Financial Reporting Standards. This responsibility includes designing,implementing and maintaining internal control ...