| AUDIT REPORT | |||||||||
| To the general meeting of the International Floorball Fedaration | |||||||||
| I have audited the annual accounts, the accounting records and the administration of the board | |||||||||
| of directors of International Floorball Fedaration for the year 2003. | |||||||||
| These accounts and the administration of the Federation are the responsibility of the board of | |||||||||
| directors. My responsibility is to express an opinion on the annual accounts and the administration | |||||||||
| based on my audit. | |||||||||
| I conducted my audit in accordance with generally accepted auditing standards according to the IAS. | |||||||||
| Those standards require that I plan and perform the audit to obtain reasonable assurance that the annual | |||||||||
| accounts are free of material misstatement. An audit includes examining, on a test basis, evidence | |||||||||
| supporting the amounts and disclosures in the accounts. An audit also includes assessing the | |||||||||
| accounting principles used and their application by the board of directors, as well as evaluating the | |||||||||
| overall presentation of information in the annual accounts. As a basis for my opinion concerning | |||||||||
| discharge from liability, I examined significant decisions, actions taken and circumstances of the | |||||||||
| federation in order to be able to determine the liability, if any, to the federation of any board member. | |||||||||
| I also examined whether any board member has, in any other way, acted in contravention of the | |||||||||
| Federation Statues, the Annual Accounts Act or the Articles of Association. I believe that my audit | |||||||||
| provides a reasonable basis for my opinion set out below. | |||||||||
| The annual accounts have been prepared in accordance with the Annual Accounts Act and, | |||||||||
| thereby, give a true and fair view of the federation’s financial position and results of operations in | |||||||||
| accordance with generally accepted accounting principles in accordance to IAS. | |||||||||
| I recommend to the general meeting that the income statement and balance sheets of | |||||||||
| adopted, that the profit be dealt with in accordance with the proposal in the administration report and | |||||||||
| that the members of the board of directors be discharged from liability for the financial year. | |||||||||
| Stockholm Februray 27th 2004 | |||||||||
| Mikael Brandstam | |||||||||
| Qualified Public Accountant | |||||||||