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Auditor’s Report
To The Shareholders of GB Auto (S.A.E.)
Limited review report of consolidated interim financial statements
To: The Board of Directors of GB Auto (S.A.E)
Introduction
We have performed a limited review for the accompanying consolidated balance sheet of GB Auto (S.A.E.) as at March 31,
2017 and the related consolidated statements of income and comprehensive income, changes in equity, and cash f lows for
the three-month then ended, and a summary of significant accounting policies and other explanatory notes. Management
is responsible for the preparation and fair presentation of these interimconsolidated financial statements in accordance
with Egyptian Accounting Standards. Our responsibility is to express a conclusion on these interimconsolidated financial
statements based on our limited review.
Scope of Limited Review
We conducted our limited review in accordance with Egyptian Standard on ReviewEngagements (no. 2410), “Limited Review
of InterimFinancial Statements Performed by the Independent Auditor of the Entity.” A limited review of interimfinancial
statements consists of making inquiries, primarily of persons responsible for financial and accountingmatters in the Compa-
ny, and applying analytical and other limited reviewprocedures. A limited review is substantially less in scope than an audit
conducted in accordance with Egyptian Standards on Auditing and consequently does not enable us to obtain assurance that
we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit
opinion on these interimconsolidated financial statements.
Conclusion
Based on our limited review, nothing has come to our attention that causes us to believe that the accompanying consolidated
interimfinancial statements do not present fairly, in all material respects, the consolidated financial position of the Company
as at March 31, 2017 and of it financial performance and its cash f lows for the three-month then ended in accordance with
Egyptian Accounting Standards.
CairoMay 11, 2017
KPMGHazemHassan
Public Accountants & Consultants
2016 ANNUAL REPORT
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