x
x
 

Home|Add to bookmarks|Sitemap|Contact

Deutsch|English

© Raiffeisenlandesbank Oberösterreich Aktiengesellschaft 2008Printed at:

General Information
IFRS-Consolidated Financial Statements
Financial Statements Raiffeisenlandesbank Oberösterreich
Statement of the Managing Board
Report of the Supervisory Board
Summarised Report
Interim Financial Report of the Group 2009
Looking back on 2008
Communication
Hotline+43 (0)732 / 6596-0
E-Mailinfo@rlbooe.at

Unqualified Audit Certificates

Page:  | 2   forward - back

Unqualified Audit Certificate of KPMG Austria GmbH

Report on the Consolidated Financial Statements

We have examined the attached consolidated financial statements of

Raiffeisenlandesbank Oberösterreich Aktiengesellschaft, Linz,

for the financial year from 1 January to 31 December 2008. These consolidated financial statements include the consolidated balance sheet as at 31 December 2008, the group income statement, the group cash flow statement and the group development of equity for the financial year ending 31 December 2008 and a summary of material accounting policies and other data in the appendices. In terms of our responsibility and liability as auditors to the company and to third parties, § 275 of the Austrian Business Code shall apply.

Responsibility of the legal representatives of the consolidated financial statements

The legal representatives of the company are responsible for compiling the consolidated financial statements presenting a true and fair view of the assets, financial position and earnings of the company in accordance with International Financial Reporting Standards (IFRS), as they are applied in the EU. This responsibility includes: The design, implementation and maintaining of an internal control system, insofar as this is important for the compiling of consolidated financial statements and presenting a true and fair view of the assets, financial position and earnings of the company so that these consolidated financial statements are free of material misstatements, whether due to intended or unintended errors; the selection and application of suitable accounting policies; the submission of estimates which, taking into account the given framework conditions, appear appropriate.

Responsibility of the auditor

Our responsibility consists of issuing an auditing opinion about these consolidated financial statements based on our audit.

We have implemented our audit taking into account the legal stipulations which apply in Austria and International Standards on Auditing (ISAs) published by the International Auditing and Assurance Standards Board (IAASB) of the International Federation of Accountants (IFAC). These standards require that we plan and perform the audit in such a manner that we can form a reasonable opinion as to whether the financial statements are free of material misstatement.

An audit includes the implementation of auditing actions to obtain auditing proof in respect of the amounts and other details given in the consolidated financial statements. The choice of auditing actions is left to the obligatory discretion of the auditor, taking into account his assessment of the risk of material misstatements occurring, whether due to intended or unintended errors. In assessing this risk, the auditor takes into account the internal control system, insofar as it is important for compiling the consolidated financial statements and presenting a true and fair view of the assets, financial position and earnings of the company, in order to determine suitable auditing actions taking account of the framework conditions, not however to submit an auditing opinion about the effectiveness of the company’s internal control system. Furthermore, the audit also includes the assessment of the appropriateness of the accounting principles used and material estimates made by the legal representatives of the company, as well as the evaluation of the overall financial statement presentation.

We believe that we have obtained sufficient and suitable auditing proof, so that our audit provides a reasonable basis for our opinion.

Auditing opinion

The results of our audit gave no reason for objection. On the basis of the knowledge gained during the audit, in our judgement the consolidated financial statements comply with the legal regulations and present a true and fair view of the company’s assets and financial position as at 31 December 2008 and the company’s earnings and cash flow in the financial year from 1 January to 31 December 2008, in accordance with the International Financial Reporting Standards (IFRS), as they are applied in the EU.

Report on the Consolidated Financial Statements

As a result of Austrian legal regulations, the group management report is to be audited as to whether it is consistent with the consolidated financial statements and whether other details given in the group management report give a misleading impression of the group’s financial position.

In our opinion, the group management report is consistent with the consolidated financial statements.

Linz, 30 March 2009

KPMG Austria GmbH

Wirtschaftsprüfungs- und Steuerberatungsgesellschaft

Martina Kloibmüller
Chartered accountant and tax consultant

Ernst Pichler
Chartered accountant and tax consultant

Die Veröffentlichung oder Weitergabe des Konzernabschlusses mit unserem Bestätigungsvermerk darf nur in der von uns bestätigten Fassung erfolgen. Für abweichende Fassungen (zB Verkürzung oder Übersetzung in andere Sprachen) sind die Vorschriften des § 281 Abs 2 UGB zu beachten.

Unqualified Audit Certificate of the Östereichischer Raiffeisenverband

Report on the Consolidated Financial Statements

I have audited the attached consolidated financial statements of

Raiffeisenlandesbank Oberösterreich Aktiengesellschaft, Linz,

for the financial year from 1 January to 31 December 2008. These consolidated financial statements include the consolidated balance sheet as at 31 December 2008, the group income statement, the group cash flow statement and the group statement of changes in equity for the financial year ending 31 December 2008 and a summary of material accounting policies and other data in the appendices.

Responsibility of the legal representatives of the consolidated financial statements

The legal representatives of the company are responsible for compiling the consolidated financial statements presenting a true and fair view of the assets, financial position and earnings of the company in accordance with International Financial Reporting Standards (IFRSs), as they are applied in the EU. This responsibility includes: The design, implementation and maintaining of an internal control system, insofar as this is important for the compiling of consolidated financial statements and presenting a true and fair view of the assets, financial position and earnings of the company so that these consolidated financial statements are free of material misstatements, whether due to intended or unintended errors; the selection and application of suitable accounting policies; the submission of estimates which, taking into account the given framework conditions, appear appropriate

Responsibility of the auditor

My responsibility consists of issuing an auditing opinion about these consolidated financial statements based on my audit.

The audit was conducted in accordance with the applicable Austrian legal regulations. These standards require that I plan and perform the audit in such a manner that I can form a reasonable opinion as to whether the financial statements are free of material misstatement.

An audit includes the implementation of auditing actions to obtain auditing proof in respect of the amounts and other details given in the consolidated financial statements. The choice of auditing actions is left to the obligatory discretion of the auditor, taking into account their assessment of the risk of material misstatements occurring, whether due to intended or unintended errors. In assessing this risk, the auditor takes into account the internal control system, insofar as it is important for compiling the consolidated financial statements and presenting a true and fair view of the assets, financial position and earnings of the company, in order to determine suitable auditing actions taking account of the framework conditions, not however to submit an auditing opinion about the effectiveness of the company’s internal control system. Furthermore, the audit also includes the assessment of the appropriateness of the accounting principles used and material estimates made by the legal representatives of the company, as well as the evaluation of the overall financial statement presentation.

I believe that sufficient and suitable auditing proof has been attained, so that my audit provides a reasonable basis for my opinion.

Auditing opinion

The results of my audit gave no reason for objection. On the basis of the knowledge gained during the audit, in my judgement the consolidated financial statements comply with the legal regulations and present a true and fair view of the company’s assets and financial position as at 31 Dec. 2008 and the company’s earnings and cash flow in the financial year from 1 January to 31 Dec. 2008, in accordance with the International Financial Reporting Standards (IFRSs), as they are applied in the EU.

Report on the Consolidated Financial Statements

As a result of Austrian legal regulations, the group management report is to be audited as to whether it is consistent with the consolidated financial statements and whether other details given in the group management report give a misleading impression of the group’s financial position.

In my opinion, the group management report is consistent with the consolidated financial statements.

Linz, 30 March 2009

Auditing association: Österreichischer Raiffeisenverband
Auditor:

Christian Loicht
Chartered accountant and tax consultant

The consolidated financial statements containing my audit certificate may only be published or passed on in the version that I have certified. For versions that deviate from this one (i.e. abridged or translated in other languages), please note the regulations in § 281 (2) of the Austrian Business Code.

Page:  | 2   forward - backRecommend page   Print page   top

Directly to ...
Key Figures at a glance
Looking back on 2008
Outlook
Annual Report 2007
Interim Financial Report 2009
Services
Glossary
Download Center
Archive Center
Order Center
Help