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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 2013. The annual
financial statements comprise the balance sheet to 31 December
2013, the income statement for the financial year ending on
31 December 2013 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 earn-
ings 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 state-
ments 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
Bestätigungsvermerk
audit also includes a judgement of the suitability of the account-
ing 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 2013, and of the company’s earnings during
the financial year from 1 January to 31 December 2013 in con-
formity with Austrian generally accepted accounting principles.
Statements concerning the management
report
I am required by law to audit the management report for its con-
formity 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 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 of the UGB are accurate.
Vienna, 21 February 2014
Auditor appointed by the Österreichischer Raiffeisenverband
Christian Loicht
Auditor
The publication or dissemination of the annual financial state-
ments 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