Report on the Review
We have reviewed the accompanying condensed consolidated interim financial statements of Hypo Alpe-Adria-Bank International AG, Klagenfurt, as of 30 June 2008. The condensed consolidated interim financial statements are part of the half year reporting according to Section 87 (3) BörseG and include the condensed consolidated balance sheet as of 30 June 2008, the related income statement, changes in cash flows and equity for the period from 1 January 2008 to 30 June 2008 as well as selected explanatory notes.
Management is responsible for the preparation of these condensed consolidated interim financial statements in accordance with International Financial Reporting Standards (IFRSs) applicable on interim financial reporting, as adopted in the EU. Our responsibility is to issue a report on these condensed consolidated interim financial statements based on our review. Further to the above, the »General Conditions of Contract for the Public Accounting Professions« (AAB), as issued by the Chamber of Public Accountants and Tax Advisors in Austria on 8 March 2000 revised on 31 August 2007, a copy of which is attached, are an integral part of this engagement, also in relation to third parties. Regarding our liability the application of Section 62 a Austrian Banking Act has been agreed. We conducted our limited review in accordance with applicable Austrian laws and professional standards and International Standard on Review Engagements 2410 »Review of Interim Financial Information Performed by the Independent Auditor of the Entity«. This standard requires, that we plan and perform the limited review to obtain moderate assurance as to whether the financial statements are free of material misstatements. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. Our engagement was limited to the interim financial statements as of 30 June 2008. A review of the comparables for the preceding year was not performed by us. Based on our limited review, nothing has come to our attention that causes us to believe that the accompanying condensed consolidated interim financial statements do not present fairly, in all material respects the financial position of the entity in accordance with IFRSs applicable on interim financial reporting, as adopted in the EU.
We read the accompanying condensed interim group management report of Hypo Alpe-Adria-Bank International AG as of 30 June 2008 and assessed whether it contains any obvious contradictions to the condensed consolidated interim financial statements. Based on our limited review, the condensed interim group management report does not contain obvious contradictions to the condensed consolidated interim financial statements. The interim financial report of Hypo Alpe-Adria-Bank International AG as of 30 June 2008 includes the statement of all legal representatives as required by Section 87 (1) /3 BörseG.
Vienna, 8 August 2008
Management is responsible for the preparation of these condensed consolidated interim financial statements in accordance with International Financial Reporting Standards (IFRSs) applicable on interim financial reporting, as adopted in the EU. Our responsibility is to issue a report on these condensed consolidated interim financial statements based on our review. Further to the above, the »General Conditions of Contract for the Public Accounting Professions« (AAB), as issued by the Chamber of Public Accountants and Tax Advisors in Austria on 8 March 2000 revised on 31 August 2007, a copy of which is attached, are an integral part of this engagement, also in relation to third parties. Regarding our liability the application of Section 62 a Austrian Banking Act has been agreed. We conducted our limited review in accordance with applicable Austrian laws and professional standards and International Standard on Review Engagements 2410 »Review of Interim Financial Information Performed by the Independent Auditor of the Entity«. This standard requires, that we plan and perform the limited review to obtain moderate assurance as to whether the financial statements are free of material misstatements. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. Our engagement was limited to the interim financial statements as of 30 June 2008. A review of the comparables for the preceding year was not performed by us. Based on our limited review, nothing has come to our attention that causes us to believe that the accompanying condensed consolidated interim financial statements do not present fairly, in all material respects the financial position of the entity in accordance with IFRSs applicable on interim financial reporting, as adopted in the EU.
We read the accompanying condensed interim group management report of Hypo Alpe-Adria-Bank International AG as of 30 June 2008 and assessed whether it contains any obvious contradictions to the condensed consolidated interim financial statements. Based on our limited review, the condensed interim group management report does not contain obvious contradictions to the condensed consolidated interim financial statements. The interim financial report of Hypo Alpe-Adria-Bank International AG as of 30 June 2008 includes the statement of all legal representatives as required by Section 87 (1) /3 BörseG.
Vienna, 8 August 2008
This English translation of the review report was prepared for the client’s convenience only. It is no legally relevant translation of the German review report.
