Enclosure 5

AUDIT REPORT
To the general meeting of the International Floorball Fedaration
I have audited the annual accounts, the accounting records and the administration of the board
of directors of International Floorball Fedaration for the year 2002.
These accounts and the administration of the Federation are the responsibility of the board of
directors. My responsibility is to express an opinion on the annual accounts and the administration
based on my audit.
I conducted my audit in accordance with generally accepted auditing standards according to the IAS.
Those standards require that I plan and perform the audit to obtain reasonable assurance that the annual
accounts are free of material misstatement. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the accounts. An audit also includes assessing the
accounting principles used and their application by the board of directors, as well as evaluating the
overall presentation of information in the annual accounts. As a basis for my opinion concerning
discharge from liability, I examined significant decisions, actions taken and circumstances of the
federation in order to be able to determine the liability, if any, to the federation of any board member.
I also examined whether any board member has, in any other way, acted in contravention of the
Federation Statues, the Annual Accounts Act or the Articles of Association. I believe that my audit
provides a reasonable basis for my opinion set out below.
The annual accounts have been prepared in accordance with the Annual Accounts Act and,
thereby, give a true and fair view of the federation’s financial position and results of operations in
accordance with generally accepted accounting principles in accordance to IAS.
I recommend to the general meeting that the income statement and balance sheets of
adopted, that the profit be dealt with in accordance with the proposal in the administration report and
that the members of the board of directors be discharged from liability for the financial year.
Stockholm september 27th 2003
Mikael Brandstam
Qualified Public Accountant