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Report on the annual financial statements
I have audited the enclosed annual financial statements and
accounts of
Raiffeisen-Landesbank Tirol AG, Innsbruck
, for the
financial year from 1 January to 31 December 2014. The annual
financial statements comprise the balance sheet to 31 December
2014, the income statement for the financial year ending on 31
December 2014 and the notes.
Legal representatives’ responsibility for
the annual financial statements and the
accounting
The company’s legal representatives are responsible for the
accounting and for the preparation and content of the annual
financial statements, which must convey as accurate a picture
as possible of the company’s assets, financial position and
earnings in conformity with the provisions of Austrian company
and bank supervisory law. This responsibility includes the design,
implementation and maintenance of an internal audit system in so
far as this is important for the preparation of the annual financial
statements and for conveying as accurate a picture as possible of
the company’s assets, financial position and earnings, to ensure
that these are free of material misstatements resulting either
from intentional or unintentional errors, and also the selection
and application of suitable accounting methods and the making
of estimates which appear reasonable in light of the prevailing
circumstances.
The auditor’s responsibilities and description of
the nature and scope of the statutory audit of
financial statements
My responsibility is to deliver a judgement of these annual financial
statements on the basis of my audit. I conducted my audit in
compliance with the statutory provisions and generally accepted
principles of correct auditing prevailing in Austria. These principles
require me to adhere to the code of conduct and to plan and
execute the audit in such a way that I can arrive with reasonable
certainty at a judgement as to whether the annual financial
statements are free from material misstatements.
An audit includes the performance of auditing procedures in order
to obtain evidence concerning the amounts and other statements
contained in the annual financial statements. The choice of
auditing procedures is a matter for the auditor’s due professional
discretion, taking into account their assessment of the risk of
material misstatements resulting from intentional or unintentional
errors. In making this risk assessment, the auditor must take into
account the internal audit system, in so far as this is important
for the preparation of the annual financial statements and for
conveying as accurate a picture as possible of the company’s
assets, financial position and earnings, in order to decide upon
suitable audit procedures given the prevailing circumstances,
though not with a view to delivering a judgement as to the efficacy
of the company’s internal audit system. The audit also includes
Audit certificate
a judgement of the suitability of the accounting methods and the
principal estimates made by the company’s legal representatives
as well as an appraisal of the overall view conveyed by the annual
financial statements.
I believe that I have gained sufficient and suitable audit evidence
for my audit to provide a reasonable basis for my audit opinion.
Audit opinion
My audit has not led to any objections. On the basis of my audit
findings, my judgement is that the annual financial statements
comply with the statutory provisions and convey as accurate
a picture as possible of the company’s assets and financial
position as of 31 December 2014, and of the company’s earnings
during the financial year from 1 January to 31 December 2014 in
conformity with Austrian generally accepted accounting principles.
Statements concerning the management
report
I am required by law to audit the management report for its
conformity with the annual financial statements and to ensure
that the other statements made in the management report do
not convey a false impression of the company’s situation. The
audit certificate must also contain a statement as to whether the
management report is in conformity with the annual financial
statements and whether the statements it makes pursuant to
section 243a, paragraph 2 of the UGB are accurate.
In my opinion, the management report is in conformity with the
annual financial statements. The statements made pursuant to
section 243a, paragraph 2 of the UGB are accurate.
Vienna, 26 February 2015
Auditor appointed by the Österreichischer Raiffeisenverband
Matthias Trost
Auditor
The publication or dissemination of the annual financial statements
together with my audit certificate is only permitted in the version
approved by me. Any contrary versions (e.g. abridged versions or
translations into another language) are subject to the provisions of
section 281, paragraph 2 of the UGB.
Annual financial statements
