Annual Report
1.4. Statement by the Board of Management for the Sava Group
IV. Financial Report
The Board of Management confirms the financial statements of the Sava Group for the year that ended on 31 December 2008. The Board of Management confirms that when drawing up the consolidated financial statements the corresponding accounting policies were consistently applied, and the consolidated report gives a true and fair view of the financial position of the Sava Group and the results of its operations for the year 2008. The Board of Management is responsible for the proper managing of its accounting procedures, and establishing and maintaining internal controlling in relation to the preparation and fair presentation of the financial statements, which do not contain any material misstatements originating from a fraud or error, and for adopting suitable measures to secure assets and other funds. The Board of Management confirms herewith that the financial statements and the notes have been produced on the basis of the assumption that the companies in the group will proceed with their operations and in accordance with the current legislation and International Financial Reporting Standards as adopted by the European Union.
Vinko Perčič Member of the Board
Emil Vizovišek Member of the Board
24 March 2009
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Janez Bohorič Chairman of the Board