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CONSOLIDATE~_ fltiANCIAI SiATEh1ENI5
<br />Managetnrnt's NrsponsiMlily (Or Firtafl[iAl Information
<br />,_ Thr RNNgemenl 01 The &tn\ nl NOVJ Xaa (the &xnLl n rrspom
<br />ub4• for thr unegnty and '•Nr pn'untanon of IM: t~Mncal mtorma~
<br />• ~ ton rnnlnunM n' thn An„ual Rr!pnrl '(M'tonlq!KIdIM tnarxal
<br />- ,:atnnrnl, have Irrn txr;parM m MMrd.'rxe wsth Canddwt
<br />-- grrx-ralFy arrrpnW acounnnq prmcotn The taweldatM I~nanal
<br />" vatrrnrn;a aho «rmply with thr accounllttq rrQtatenlenp of Inc
<br />BanA Art
<br />• - Tnr <wtsoliAJIM hnalxxsi swtcmens, wMrc necnsary, rrx4xlr
<br />dmounls W11ch are 111,rri Cn rile bCf! 6hrMtn anA judgrmrnt et
<br />•- rndrWgrRMni lindn[a1lnlgrmdlmn On•rentM rkewMrr .n thn
<br />. _ Aa msl dC•Ixv; n consntenr wrth roar shown n me ca•wlxfatsd
<br />-_ tiMntyt~,tatlmMlf
<br />-_ Managemrvrl Ms allays mcognuctl IM: ~mppt.Rxr of thr gaol,
<br />_ rtwrntamrng and remloronq rite nyh.~st possbN 51aMard+d
<br />runA+xt m al' pl rtt •xtons, mclnArng thr Frcplrnuan dnd tlrsxm.
<br />rNnon of statrments tartly P'cu•ntvn3 thr hMnral condnxm of the
<br />Rant h. ton IegarA, manaq~snent has dcvcbpM anA mamtaim a
<br />'" sysimr o! accounting and ngaung wh[n provdcs for Inr naa-
<br />nary mterMl ronunla to emurr tha; vdnsdrtlons a!e prpper ly
<br />auMavrd and rttordM, asu!a err tfkgrrrrrkA agams: urtaulno-
<br />rrrr;l nst` m nnOOfrl Kln, .1M7 h.1tYl•IMf dT 'aognL-rA ill systrm n
<br />auymrntM by wrnlrn polo rr+and prtxMutn IM cdn•lui sskxtnn
<br />... arxt mm~utq of qualdx!A ,tall. !M nrabilnmmt of organwvmMl
<br />.. .•.~.r crnn pro+xhnq an a(spropretr and wNl drlmM dmsx>tr pl
<br />i ~nbddrn. anA IM! « xmm~nrfston of poK'rs and gmANrrxy el
<br />~•~` rontlurl Ihroughal' tnr Bant
<br />~• •:y)trm of intrrnal romrok n furtrx;r vrpporiM try a pretefr
<br />• ~ ~ ~darl n1 ,nlrrnal auAntxs who tanrhxt pttxyrlc auArts of all
<br />of rm Sankt gtrsatorn A~ rsen, t!K Banlt Chx;! YUrArtpt
<br />i and Im• arrrsa at. all n'scts orxldcary wsN', tnr nrrAn
<br />~~~dun Hr.~~w Conunntrc or ttre Board of Or;MOra In
<br />3K4 Wdugh
<br />r4nrnn^ anA Cnte/ Cucutrvv OHKCr
<br />dAdn Krn, Inc tlanl's complrarxe lunrton mamm~m pol~rxK, prcxr
<br />durn and programs duMM al e+KUnnq comp!anu• wAh rnpo-itory
<br />•rYnnmlrnnh. ircluArng conll[i of +ntarst rotes
<br />the Otlrcc of thr Stdxnntrmdrnt of (rMnral Insotutxms,
<br />Canada, which n marxlatrd to pro:M the rrgnla anA nnrrrsK m
<br />Inr nrpoarters dnd (tttldon d inr tUnk, rrarrnnn amt rnqunes
<br />nnp thr MnrtM:fs and dllaxs of tM tlanL, m drrmcd ncrnsary. to
<br />Artcrmrnr vnrthrr rM• {tmvn[,xw nl thr• B.mk ys<I am Ucmq
<br />/omn'red wdh, arA that tM tlanl s m a sound Imantal rondaon
<br />Thr 4ra1a aid Condu[l ReWnv COmmdlcr, mrntxru•d rnlnry
<br />of oulxAr d~rrcton, revrtvss Ur [orho!datM hnancal stalcmrnta
<br />wdn txNn maragrmrnt and me rMepCrtrhnl aunxor, hetore su[n
<br />natemenuam approrrll try rte BoaN of Dxertnn and submrttM in
<br />ttM shamtroklen of the &inL.
<br />The Auda and Cd,tllKt Rtvaw Commnirr rrv+c`yvs antl reppru
<br />ttxm hnrlrtgs Io IM dodrd M Dretton a, au •elatM party tmn5dc-
<br />txlna thJl rMy ha'nt d mdfM61 xrrpMl nn the gdrtl.
<br />KPMG llP and PrKSwatanadrCoopcrs ILP, Inr mdcprndcnt
<br />aurhmrs apornn7M try Inr,tivcltoldrn of thr Banc. nds aunuM
<br />Ihr roh,nirflatM hnsnCbN <W!rrrpnt501 Inr. tlanl m a[(9rrldrtc Math
<br />Can.sAan grnrraky .x<.~t:M duddmq slanAards ann Mvr rvprrswW
<br />Ihen q:rmnn np[In mmolrron of xxn auna rr Inr ;Mkmrmg rc{xlrl
<br />to Ihr Shdrrho:dr K. to Vfll+ tO lxOvxlr lhr!N gTnOn on Ih(•,n
<br />mnsM•M1nM hnarK rat ,tatcmcnb, rite ShdrrM!Arri Audanr. nNCw
<br />kittlyd spats of rite ayAem of mt[rndf [onvMs antl <mdurl thrn
<br />work to the extent Itwt Ilt(y consdcr appropMtr TM SharMOldcn'
<br />Audaort haw• hlu and Inr A[cCw t0. and ntrel pr+ralKally wrth. IM
<br />Audit and CoMrx' Rcros Cornn+dtCSr to Mcuw Ihcn duds,
<br />rnrludmg arty hrn~nt}s as le thr m;tyrdy o1 the Ban1Y drCOUntmq.
<br />hndnca! moomne and mtatM maven
<br />l.u! A Y.r- , r
<br />.rod C h x~ t I ,r. ~, ..r ' ia; r
<br />:pronto. IJn;nn'~fvi 19, 2005
<br />Shan•hoLlrrY Audrtorc Hrpors
<br />wr hmr nu[h;M the CornolAa;M tlatar'<e ihceo of n+r 9an\ of
<br />Nova Srrna as at Cktotx!r 3t, 2005 ann Irx1a, ann Ihr Cmu~u_
<br />datM Statrnsenu o! Irxomr. Changes m SnimraWs~: Couay and
<br />Cash f4ms 1rn rarh of Inr ytUrf rn IM ih+rr-yfsk pit od sndrd
<br />Qrtabrr 31, Ip05, it,esr I~nmxal slalcrMnh am the respomrbruty
<br />n. tM• &mkt management. Our res(anstrl,ty n ;o tawrrss an
<br />opmon on ihrsr hnanad ,latrmrnts ILSYW on our au0its
<br />Wr (M1d1H'll'11 Md .Ilatllta i^ aCCUdante w+IM1 l dMdan glY1CF
<br />alH arrrplrA mrdr;mg ttanrta'ds. Those srrgdrAs r[•quxr that we
<br />pipit and prrlotm an dudes to d:faxt rt4lsOnJb(C dtsuranrr wawthcr
<br />1!rl• hlLlurrdl stdk•nlrP,lS all' 1rM` O` ^latcfal mKf Alrmonl An bbdd
<br />mr:udrn rwmm,nq, ort a test bates rvrdnxr suppor ono Ine
<br />nnaunl, and dn[ Wturr3 .n IM hren[a1 statements. Ns auda also
<br />intludca aascssmq :nc acrounlrng prrxoks usM and srgad¢an1
<br />t`f:rmatC; made by mansgcmrrtt. m wet of L•vahlat•nq rite oxrrall
<br />hnanral statrmem presrnwtxxt
<br />In an opinion. thole consdrr111M Irnanca` staterncnls prcaenl
<br />Nuly, m du matrrai rnpan. Ute hnarxal poutRtn of the Bank a, ar
<br />t>chAxr 31.2005 and IOOd, ann thr resrdl< N its rsprratux+s anA
<br />as raJl tbmrs for each of the yo)n m Ihr thn`r year pcnM rrxled
<br />()nrK%: 31. 2005 m Mcadancc w+Ip Cdrudan gMCrally Mceptcd
<br />dCCdunhnq phM~pln
<br />KP~•IC. I.LP PrKCwatrrhour.LM>(x•n 11.V
<br />C MnerM Arrountanu CnanrnW A«a,ntanta
<br />frotra Ddn) 1005 nnnuni Report
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