19th Sep 2007 07:00
Bank Pekao SA18 September 2007 INDEPENDENT AUDITORS' REVIEW REPORT ON THE CONDENSED INTERIM UNCONSOLIDATED FINANCIAL STATEMENTS OF BANK PEKAO S.A. FOR THE PERIOD FROM 1 JANUARY 2007 TO 30 JUNE 2007 To the Shareholders of Bank Pekao S.A. Introduction We have reviewed the accompanying condensed interim unconsolidated financialstatements of Banku Pekao S.A., with its registered office in Warsaw, Grzybowska53/57 ('Bank') that consist of the balance sheet as at 30 June 2007, with totalassets and total liabilities and equity of PLN 69,122,023 thousand, the profitand loss account for the period from 1 January 2007 to 30 June 2007 with a netprofit of PLN 1,068,244 thousand, the statement of changes in equity for theperiod from 1 January 2007 to 30 June 2007 with a decrease in equity of PLN519,982 thousand, the cash flow statement for the period from 1 January 2007 to30 June 2007 with an increase in cash amounting to PLN 285,243 thousand andselected explanatory notes. Management of the Bank is responsible for the preparation and presentation ofthese condensed interim unconsolidated financial statements in accordance withthe International Accounting Standard 34 "Interim Financial Reporting" asadopted by the European Union and other applicable regulations. Ourresponsibility is to express a conclusion on these condensed interim financialstatements, based on our review. Scope of review We conducted our review in accordance with Standard No. 4 of the professionalstandards General principles for the review of financial statements issued bythe Polish National Council of Certified Auditors and with the InternationalStandard on Review Engagements 2410 Review of Interim Financial InformationPerformed by the Independent Auditor of the Entity. A review consists of makinginquiries, primarily of persons responsible for financial and accounting mattersand applying analytical and other review procedures. A review is substantiallyless in scope than an audit and consequently does not enable us to obtainassurance that we would become aware of all significant matters that might beidentified in an audit. Accordingly, we do not express an audit opinion. Conclusion Based on our review, nothing has come to our attention that causes us to believethat the accompanying condensed interim unconsolidated financial statements ofBank Pekao S.A. are not prepared, in all material respects, in accordance withthe International Accounting Standard 34 "Interim Financial Reporting" asadopted by the European Union. signed on the Polish original signed on the Polish original .............................. ..................................... Certified Auditor No.796/1670 On behalf of KPMG Audyt Sp. z o.o.Bogdan Debicki, ul. Chlodna 51, 00-867 WarsawMember of the Management Board Certified Auditor No. 796/1670 Bogdan Debicki, Member of the Management Board signed on the Polish original ...................................... On behalf of KPMG Audyt Sp. z o.o. ul. Chlodna 51, 00-867 Warsaw Stacy Ligas, Partner Warsaw, 12 September 2007 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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