NATIONAL ROADS AUTHORITY Annual Report & Accounts 2013

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20 FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2013 Report of the Comptroller and Auditor General 19 Statement of Responsibilities of the Authority 20 Statement on Internal Financial Control 21 Accounting Policies 22 Income and Expenditure Accounts Road Development and Maintenance 24 Administration 25 Statement of Total Recognised Gains and Losses 26 Balance Sheet 27 Cash Flow Statement 28 Notes to the Financial Statements 29 18

21 Comptroller and Auditor General Report for presentation to the Houses of the Oireachtas National Roads Authority I have audited the fi nancial statements of the National Roads Authority for the year ended 31 December 2013 under the Roads Act The financial statements, which have been prepared under the accounting policies set out therein, comprise the accounting policies, the road development and maintenance income and expenditure account, the administration income and expenditure account, the statement of total recognised gains and losses, the balance sheet, the cash fl ow and the related notes. The fi nancial statements have been prepared in the form prescribed under the Third Schedule of the Act, and in accordance with generally accepted accounting practice in Ireland. Responsibilities of the Authority The Authority is responsible for the preparation of the fi nancial statements, for ensuring that they give a true and fair view of the state of the Authority's affairs and of its income and expenditure, and for ensuring the regularity of transactions. Responsibilities of the Comptroller and Auditor General My responsibility is to audit the fi nancial statements and report on them in accordance with applicable law. My audit is conducted by reference to the special considerations which attach to State bodies in relation to their management and operation. My audit is carried out in accordance with the International Standards on Auditing (UK and Ireland) and in compliance with the Auditing Practices Board's Ethical Standards for Auditors. Scope of audit of the financial statements An audit involves obtaining evidence about the amounts and disclosures in the fi nancial statements, suffi cient to give reasonable assurance that the fi nancial statements are free from material misstatement, whether caused by fraud or error. This includes an assessment of whether the accounting policies are appropriate to the Authority's circumstances, and have been consistently applied and adequately disclosed the reasonableness of signifi cant accounting estimates made in the preparation of the fi nancial statements,and the overall presentation of the fi nancial statements. I also seek to obtain evidence about the regularity of fi nancial transactions in the course of audit. Opinion on the financial statements In my opinion, the fi nancial statements, which have been properly prepared in accordance with generally accepted accounting practice in Ireland, give a true and fair view of the state of the Authority's affairs at 31 December 2013 and of it s income and expenditure for In my opinion, proper books of account have been kept by the Authority. The fi nancial statements are in agreement with the books of account Matters on which I report by exception I report by exception if I have not received all the information and explanations I required for my audit, or my audit noted any material instance where money has not been applied for the purposes intended or where the transactions did not conform to the authorities governing them, or the statement on internal financial control does not reflect the Authority's compliance with the Code of Practice for the Governance of State Bodies, or I find there are other material matters relating to the manner in which public business has been conducted. I have nothing to report in regard to those matters upon which reporting is by exception. Seamus McCarthy Comptroller and Auditor General 30th September

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43 National Roads Authority Board Members 2013 Cormac O Rourke (Chairman) Fred Barry (CEO) Declan J. Walsh Robert Rowan Jacqueline Cross Gary Comiskey Joe O Mahony Senan Turnbull Sandra Murphy David O Connor Aidan Horan (Independent Audit Committee Chairman)

Independent Auditor s Report To the Members of Standard Chartered Bank Ghana Limited

42 Independent Auditor s Report To the Members of Standard Chartered Bank Ghana Limited Report on the Financial Statements We have audited the fi nancial statements of Standard Chartered Bank Ghana Limited