12 Nov 2009 12:16
| Paints and Chemical Industries Company "Pachin" S.A.E. The Consolidated Financial Statements and Auditor's Report For the Financial Period Ended September 30, 2009 |
Translation of Auditor's Report Originally Issued in Arabic
LIMITED REVIEW REPORT
To: The Board of Directors of Paints and Chemical Industries Company "Pachin"
Introduction
We have reviewed the accompanying consolidated balance sheet of Paints and Chemical Industries Company as of September 30, 2009, and the related statements of consolidated income, cash flows and changes in equity for the period from July 1, until September 30, 2009 and the summary of significant accounting polices and the disclosure thereto. These financial statements are the responsibility of the company's management. Our responsibility is to issue a report on these financial statements based on our review.
Scope of Limited Review
We conducted our review in accordance with the Egyptian Standard No. (2410) applicable to review engagements. This standard requires that we plan and perform the review to obtain moderate assurance that the financial statements are free of material misstatement. A review is limited primarily to inquire of the company's personal and an analytical procedure applied to financial data and thus provides less assurance than an audit. We have not performed an audit and, accordingly, we do not express an audit opinion.
Conclusion
Based on our review, nothing has come to our attention that causes us to believe that the accompanying consolidated financial statements as of September 30, 2009 do not give a true and fair view of the company's financial position and the results of its operations and cash flows for the three months period then ended according to the Egyptian Accounting Standards.
Cairo, November 5, 2009
Kamel M. Saleh ACA
F.E.S.A.A (RAA 8510)
Note : See the attached PDF File
http://www.rns-pdf.londonstockexchange.com/rns/4169C_-2009-11-12.pdf
Paints&ch.gdr (PCLD)