|
 |
 |
|
 |
|
| |
AUDITORS'
REPORT ON THE FINANCIAL STATEMENTS FOR THE YEAR
ENDED 31ST DECEMBER. 2000.
The Board of Directors,
Bhutan National Bank,
Thimphu, Bhutan.
We have audited the attached Balance Sheet of Bhutan
National Bank as at 31st December, 2000 and the
relative Profit and Loss Account and Cash Flow Statement
(in which are incorporated general ledger balances
and transaction, not audited by us of the branches
at Samdrup Jongkhar, Trashigang and Gelephu) for
the year ended on that date and report as follows:-
1. Our examination was made in accordance with the
generally accepted auditing standards and accordingly
included such test of accounting records and other
auditing procedures as we considered appropriate
for the purpose of our audit.
2. We have obtained all the information and explanations
which to the best of our knowledge and belief were
necessary for the purpose of our audit.
3. In our opinion, proper books of account have
been kept by the Bank so far as appears from our
examinations of those books.
4. The Balance Sheet and Profit and Loss Account
dealt with by this report have been prepared on
the basis of generally accepted accounting principles
and are in agreement with the books of account.
5. In our opinion and to the best of our information
and according to the explanations given to us, the
said accounts read together with Significant Accounting
Policies and Notes on Accounts at Schedule 11 and
subject to our comments in the annexure -A attached
herewith gives the information required by the Generally
Accepted Accounting Standards and Principles in
the manner so required and exhibit a true and fair
view:
a) I n case of the Balance Sheet, the state of affairs
of the Bank as at 31 st December, 2000.
b) In case of the Profit and Loss Account of the
profit of the Bank for the year ended on that date.
DATE: 7th May, 2001 N.C.MITRA
& CO.
CHARTERED ACCOUNTANTS
|
|
|
|
|
|
|
|
|
|
