Report of the Group Auditors |
Report of the Group Auditors As group auditors, we have audited the consolidated financial statements (group balance sheet, group income statement, group cash flow statement, development of consolidated shareholder's equity and notes/pages 58 to 74) of MCH Swiss Exhibition (Holding) Ltd. for the year ended December 31, 2005. These consolidated financial statements are the responsibility of the board of directors. Our responsibility is to express an opinion on these consolidated financial statements based on our audit. We confirm that we meet the legal requirements concerning professional qualification and independence. Our audit was conducted in accordance with Swiss Auditing Standards, which require that an audit be planned and performed to obtain reasonable assurance about whether the consolidated financial statements are free from material misstatement. We have examined on a test basis evidence supporting the amounts and disclosures in the consolidated financial statements. We have also assessed the accounting principles used, significant estimates made and the overall consolidated financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. In our opinion, the consolidated financial statements give a true and fair view of the financial position, the results of operations and the cash flows in accordance with Swiss GAAP FER and comply with Swiss law. We recommend that the consolidated financial statements submitted to you be approved. Basel, March 27, 2006 Ernst & Young AG Manuel Aeby Swiss Certified Accountant (in charge of the audit) Richard Graber Swiss Certified Accountant Annual Report 2005 75
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