Annual Report 2004 - Georgian Stock Exchange

Financial Report
Independent Auditor’s Report
ANNUAL REPORT 2004
INDEPENDENT AUDITORS' REPORT
on the 2004 Financial Statements of the Joint
Stock Company Georgian Stock Exchange
We have audited the accompanying Balance Sheet
of JSC Georgian Stock Exchange (the Exchange) as
of December 31, 2004 and the related statements of
Cash Flow, Shareholders' Equity and Income & Loss
as of December 31, 2004. The financial statements
are the responsibility of the Exchange's management.
Our responsibility is to express our opinion
based on our audit of the financial statements.
We conducted our audit in accordance with the
International Standards on Auditing. The Standards
require that we plan and perform the audit to obtain
reasonable assurance about whether the financial
statements are free of material misstatement. The
audit includes examining, on a test basis, evidence
supporting the amounts and disclosures presented in
the financial statements. The audit also includes
assessing the accounting principles used and significant
estimates made by the management, as well
as evaluating the overall financial statement presentation.
We believe that our audit provides a reasonable
basis for our opinion.
In our opinion, except those corrections that can be
recognized as indispensable, the financial statements
referred to above give a true ad fair view of
the financial position of the JSC Georgian Stock
Exchange as of December 31, 2004, and the results
of its operations, cash flow and changes in the
shareholders' equity for this period and is in compliance
with the International Accounting Standards.
General Director: M. Tsartsidze
MEDIATOR LTD
Audit and Consultancy Service
Address: 1, 26 May Sq., Hotel Ajara, 1st Floor
Licenses: B#116 - for Stock Exchange Audit
Z#240 - for General Audit issued by the Audit Activities Cou
damoukidebeli auditorebis
daskvna
saaqcio sazogadoeba
`saqarTvelos safondo birJis~
2004 wlis finansur angariSgebaze
Cven CavutareT auditoruli Semowmeba s.s.
`saqarTvelos safondo birJais~ (Semdgomi `birJa~)
TandarTuli balansis formas 2004 wlis 31 dekembrisaTvis
da masTan dakavSirebul fuladi saxsrebis
moZraobis, sakuTari kapitalis da mogeba-zaralis
uwyisebs 2004 wlis 31 dekembris mdgomareobiT.
finansuri angariSgebisaTvis pasuxismgebloba ekisreba
birJis xelmZRvanelobas. Cven ki valdebuli
vars auditoruli Semowmebis safuZvelze gamov-
TqvaT Cveni azri.
auditi CavatareT auditis saerTaSoriso standartebis
Sesabamisad. standartebi moiTxovs auditis
imgvarad dagegmvasa da Catarebas, rom dasabuTdes,
arsebobs Tu ara finansur angariSgebaSi
raime arsebisi xasiaTis uzustoba. auditi moicavs
finansuri angariSgebis Tanxebisa da mtkicebulebebis
Semowmebas testirebis safuZvelze. auditi
agreTve iTvaliswinebs gamoyenebuli sabuRaltro
principebisa da mmarTvelobis mier gakeTebuli
mniSvnelovani Sefasebebis dadgenas, agreTve finansuri
angariSgebis Sefasebas mTlianobaSi. migvaCnia,
rom Cvens mier Catarebuli auditi sakmao safuZvels
iZleva daskvnisaTvis.
Cveni azriT, im Sesworebebis garda, romlebic SesaZlebelia
aRiarebul iqnas rogorc aucilebeli,
zemoT xsenebuli angariSgeba utyuaria da yvela arsebiT
aspeqtSi asaxavs s.s. `saqarTvelos safondo
birJis~ finansur mdgomareobas 2004 wlis
31dekembrisaTvis, agreTve misi saqmianobis Sedegebs,
fuladi saxsrebis moZraobas, sakuTari kapitalis
cvlilebebs aRniSnuli periodisaTvis da SesabamisobaSia
buRaltruli aRricxvis saerTaSoriso
standartebTan.
generaluri direqtori m. carciZe
Sps auditoruli da sakonsultacio
samsaxuri `mediatori~
misamarTi: q.Tbilisi, 26 maisis moedani 1,
sastumro `aWara~, teqnikuri sarTuli
licenziebi: b#116 - birJebis auditi, z#240 zogadi auditi
gacemuli auditoruli saqmianobis sabWos mier.
44 Georgian Stock Exchange JSC
Georgian Central Securities Depository JSC