23^rd FIG General Assembly, Prague 2000
Appendices

APPENDIX TO ITEM 18.1

Auditor's Report, Income and Expenses Account for 1999 and Balance Sheet at 31 December 1999

The English version of the Auditor's report is enclosed to this appendix together with the Income and Expenses Account for 1999 and Balance Sheet at 31 December 1999. The full report and detailed notes on the accounts are available at the General Assembly. 

1. Auditor's Report 

We have audited the annual accounts of International Federation of Surveyors for 1999 presented by the management.

Basis of opinion

We have planned and conducted our audit in accordance with generally accepted audit standards to obtain reasonable assurance about whether the annual accounts are free of material misstatement. Based on an evaluation of materiality and risk our audit has included an examination of evidence supporting the amounts and disclosures in the annual accounts. We have assessed the accounting policies applied and the estimates made by the management as well as evaluated the overall annual accounts presentation.

Our audit has not given rise to qualifications.

Opinion

In our opinion, the annual accounts have been presented in accordance with the accounting provisions of Danish legislation and - considering the accounting policies applied - give a true and fair view of the federation’s assets and liabilities, financial position and result.

Copenhagen, 13 March 2000

DELOITTE & TOUCHE
Statsautoriseret Revisionsaktieselskab

Allan Christiansen
State Authorised Public Accountant/statsautoriseret revisor

2. Accounting Policies Applied

Introduction

The annual accounts have been presented in accordance with sound accounting principles for federations and in accordance with the accounting requirements of Danish legislation and the articles of federation.

The accounting policies applied are mainly as follows:

Income and expenses

Items of income or expenses are stated in the period they regard irrespective of time of payment.

Amounts owed by members

Amounts owed by members are stated at the estimated value.

Translation of amounts in the annual accounts/Omregning af beløb i årsregnskabet

The annual accounts are presented in CHF and in DKK. The rate of exchange ruling at the balance sheet date between DKK and CHF is 463.52.

All income, expenses and accounts in foreign currencies are translated into CHF and DKK using the rate of exchange ruling at the balance sheet date. Realised as well as unrealised profits and losses on exchange are included in the income and expenses account under the items in question in accordance with this practice.

3. Income and Expenses Account for 1999 / Resultatopgørelse for 1999

4. Balance Sheet at 31 December 1999 / Balance Pr. 31.12.1999

Assets / Aktiver

Liabilities / Passiver

FIG Office
20 March 2000

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