Ernst & Young Malta Limited
Regional Business Centre
Achille Ferris Street
Msida MSD 1751, Malta
Tel: +356 2134 2134
Fax: +356 2133 0280
ey.malta@mt.ey.com
ey.com
28
A member firm of Ernst & Young Global Limited.
Registered in Malta No: C30252
I
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31
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r 2023,
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m
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and
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ci
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ou
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pan
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t
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v
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ir
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pan
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31
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e
c
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m
be
r 2023,
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o
f
t
he
C
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m
pan
y
’s
f
i
nan
ci
a
l
pe
r
f
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an
c
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and
c
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h
f
l
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ci
a
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t
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s
a
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adop
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b
y
t
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E
U
(
“IFRS”
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and
t
he
C
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m
pan
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s Ac
t
, C
ap
. 386
o
f
t
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L
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ws
o
f
M
a
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t
a
(
t
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)
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as
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s f
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ou
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i
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o
r
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t
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I
n
t
e
r
na
t
i
ona
l S
t
anda
r
d
s
on
A
ud
i
t
i
n
g
(
ISAs
)
and
t
he
C
o
m
pan
i
e
s Ac
t
.
O
u
r r
e
s
pon
si
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ili
t
i
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s
unde
r
t
ho
s
e
s
t
anda
r
d
s
and
unde
r
t
he
C
o
m
pan
i
e
s Ac
t
a
r
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f
u
r
t
he
r
de
scri
bed
i
n
t
he
A
ud
i
t
o
r’s
R
e
s
pon
si
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ili
t
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e
s
f
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he
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ud
i
t
o
f
t
he
Fi
nan
ci
a
l S
t
a
t
e
m
en
t
s s
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c
t
i
on
o
f
ou
r r
epo
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t
. W
e
a
r
e
i
ndependen
t
o
f
t
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C
o
m
pan
y
i
n
a
cc
o
r
dan
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e
wi
t
h
t
he
I
n
t
e
r
na
t
i
ona
l C
ode
o
f
E
t
h
ics
f
o
r
P
r
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f
e
ssi
ona
l Acc
oun
t
an
t
s
(
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n
cl
ud
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I
n
t
e
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t
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ona
l I
ndependen
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e
S
t
anda
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s
)
a
s iss
ued
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y
t
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t
e
r
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t
i
ona
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t
h
ics S
t
anda
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s B
oa
r
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f
Acc
oun
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an
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s
(
IESBA C
ode
)
t
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g
e
t
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r wi
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h
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ic
a
l r
equ
ir
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m
en
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r
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e
v
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t
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o
ou
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aud
i
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o
f
t
he
f
i
nan
ci
a
l s
t
a
t
e
m
en
t
s i
n
a
cc
o
r
dan
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wi
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h
t
he
Acc
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an
c
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P
r
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ssi
on
(
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ode
o
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t
h
ics
f
o
r W
a
rr
an
t
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o
l
de
rs
)
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ir
e
c
t
i
v
e
iss
ued
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n
t
e
rms
o
f
t
he
Acc
oun
t
an
c
y
P
r
o
f
e
ssi
on
Ac
t
, C
ap
. 281
o
f
t
he
L
a
ws
o
f
M
a
l
t
a
,
and
w
e
ha
v
e
f
u
l
f
ill
ed
ou
r
o
t
he
r
e
t
h
ic
a
l
r
e
s
pon
si
b
ili
t
i
e
s i
n
a
cc
o
r
dan
c
e
wi
t
h
t
he
s
e
r
equ
ir
e
m
en
t
s
and
t
he
IESBA C
ode
. W
e
be
li
e
v
e
t
ha
t
t
he
aud
i
t
e
v
i
den
c
e
w
e
ha
v
e
ob
t
a
i
ned
is s
u
ff
ici
en
t
and
app
r
op
ri
a
t
e
t
o
p
r
o
v
i
de
a
ba
sis
f
o
r
ou
r
op
i
n
i
on
.
K
e
y aud
i
t matt
e
rs
i
nc
o
rp
o
rat
i
ng th
e
m
o
st s
i
gn
i
f
i
cant r
i
s
k
s
o
f mat
e
r
i
a
l
m
i
sstat
e
m
e
nts,
i
nc
l
ud
i
ng ass
e
ss
e
d
r
i
s
k
o
f mat
e
r
i
a
l
m
i
sstat
e
m
e
nts du
e
t
o
fraud
K
e
y
aud
i
t
m
a
tt
e
rs
a
r
e
t
ho
s
e
m
a
tt
e
rs
t
ha
t
, i
n
ou
r
p
r
o
f
e
ssi
ona
l
j
ud
gm
en
t
, w
e
r
e
o
f
m
o
s
t
sig
n
i
f
ic
an
c
e
i
n
ou
r
aud
i
t
o
f
t
he
f
i
nan
ci
a
l s
t
a
t
e
m
en
t
s
o
f
t
he
c
u
rr
en
t
pe
ri
od
. T
he
s
e
m
a
tt
e
rs w
e
r
e
add
r
e
ss
ed
i
n
t
he
c
on
t
e
x
t
o
f
ou
r
aud
i
t
o
f
t
he
f
i
nan
ci
a
l s
t
a
t
e
m
en
t
s
a
s
a
w
ho
l
e
,
and
i
n
f
o
rmi
n
g
ou
r
op
i
n
i
on
t
he
r
eon
,
and
w
e
do
no
t
p
r
o
v
i
de
a
s
epa
r
a
t
e
op
i
n
i
on
on
t
he
s
e
m
a
tt
e
rs. F
o
r
ea
c
h
m
a
tt
e
r
be
l
o
w,
ou
r
de
scri
p
t
i
on
o
f
ho
w
ou
r
aud
i
t
add
r
e
ss
ed
t
he
m
a
tt
e
r is
p
r
o
v
i
ded
i
n
t
ha
t
c
on
t
e
x
t
.
W
e
ha
v
e
f
u
l
f
ill
ed
t
he
r
e
s
pon
si
b
ili
t
i
e
s
de
scri
bed
i
n
t
he
A
ud
i
t
o
r’s r
e
s
pon
si
b
ili
t
i
e
s
f
o
r
t
he
aud
i
t
o
f
t
he
f
i
nan
ci
a
l
s
t
a
t
e
m
en
t
s s
e
c
t
i
on
o
f
ou
r r
epo
r
t
, i
n
cl
ud
i
n
g i
n
r
e
l
a
t
i
on
t
o
t
he
s
e
m
a
tt
e
rs. Acc
o
r
d
i
n
gl
y
,
ou
r
aud
i
t
i
n
cl
uded
t
he
pe
r
f
o
rm
an
c
e
o
f
p
r
o
c
edu
r
e
s
de
sig
ned
t
o
r
e
s
pond
t
o
ou
r
a
ss
e
ssm
en
t
o
f
t
he
ris
k
s
o
f
m
a
t
e
ri
a
l miss
t
a
t
e
m
en
t
o
f
t
he
f
i
nan
ci
a
l s
t
a
t
e
m
en
t
s. T
he
r
e
s
u
l
t
s
o
f
ou
r
aud
i
t
p
r
o
c
edu
r
e
s, i
n
cl
ud
i
n
g
t
he
p
r
o
c
edu
r
e
s
pe
r
f
o
rm
ed
t
o
add
r
e
ss
t
he
m
a
tt
e
rs
be
l
o
w,
p
r
o
v
i
de
t
he
ba
sis
f
o
r
ou
r
aud
i
t
op
i
n
i
on
on
t
he
a
cc
o
m
pan
y
i
n
g
f
i
nan
ci
a
l s
t
a
t
e
m
en
t
s.