- seus yyy @ ALIAGA FARMERS RURAL BANK, INC. STATEMENT OF MANAGEMENT'S RESPONSIBILITIES FOR FINANCIAL STATEMENTS ‘The management of ALIAGA FARMERS RURAL BANK, INC. is responsible forall information and. representations contained in the financial statements and schedules referred therein for the years ended December 31, 2014 and 2013. ‘The financial statements have been prepared in conformity with Philippine Financial Reporting Standards (PFRS) and scflect amounts that are based on the best estimates and informed judgment of management with an appropriate consideration to materiality. In this regard, management maintains a system of accounting and reporting which provides for the necessary internal controls to ensure that transactions are properly authorized and recorded, assets are safeguarded against unauthorized use or disposition and labilties are eecognized. The Board of Directors reviews the financial statements before such statements are approved and, submitted to the stockholders of the Bank. NEPUMUCENO SUNEK AND ASSOCIATES, CPAS, the independent auditors appomted by the stockholders, have audited the financial statements of the Bank in accordance with Philippine ‘Standards on Auditing and has expressed its opinion on the fairness of presentation upon completion ‘of such audit, in its report to stockholders. IL R. VARGAS ‘CONSTANC IE JANE E. BERNARDO feman of the Board/ President treasurer HEAD OFFICE, POBLACION WEST Ill, ALIAGA, NUEVA ECLA Tel./Fax: (044) 9585020 / (044) 9585021 formbank_ho_1995@rbap.org7 --—we eee ALIAGA FARMERS RURAL BANK, INC. STATEMENT OF MANAGEMENT'S RESPONSIBILITY FOR ANNUAL INCOME TAX RETURN The management of ALIAGA FARMERS RURAL BANK, INC. is responsible for all information and representations contained in the Annual Income Tax Retuen for the year ended December 31, 2014. ‘Management is likewise responsible forall the information and representations contained in the financial statements accompanying the Anaual Income Tax Return or Annual Information Return covering, the same reporting period. Fusthermore, management is responsible for all the information and representations contained in all other tax returns filed for the reporting period, including, but not limited, to the value added tax and/or percentage tax returns, withholding tax returns, documentary stamp tax returns and any and all other tax returns. In this regard, the management affiems that the attached audited financial statements for the year ended December 31, 2014 and the accompanying Annual Income ‘Tax Return ate in accordance with the books of ALIAGA PABMERS RURAL BANE, INC. co: 2 respects. Management likewise affirms that 4) the Annual Income ‘Tax Return has been prepared in accordance with the provisions of the National Internal Revenue Code, a8 amended, and pertinent tax regulations and other issuances of the Department of Finance and the Bureau of Internal Revenue; D) any dispasity of figures in the submitted reports arising from the preparation of financial statements pursuant to financial accounting standards and the preparation of the income tax return pursuant to tax account rules has been reported as reconciling items and maintained in the company’s books and records in accordance with the requirements of Revenue Regulation ‘No. 8-2007 and other relevant issuances, ©) the ALIAGA FARMERS RURAL BANK, INC. has filed all applicable tax eturns, reports and statements required to be filed under Philippine tax laws for the reporting period, and all rave and other impositions shown thereon to be due and payable have been paid for the reporting period, except those contested in good faith. ‘EMMANUEL R. VARGAS CONSTANCIA MARIE JANE E. BERNARDO (Cetieman of the Board/President Tyedsurer HEAD OFFICE, POBLACION WEST Ill, ALIAGA, NUEVA ECUA Tel./Fax: (044) 9585020 / (044) 9585021 farmbank_ho_1995@rbap.org Page ia WI NEPOMUCENO_SUNER | JSA eRe if AVF JSN Bldg , Paco Roman St cor Maharlika Highway, Cabanatuan City 4 Tet 044).600-2800 6 Tele (044)-404-3550. 6 Email agpunpasyahon som CERTIFICATION ‘To Whom It May Concern: Tn connection with our audit with ALIAGA FARMERS RURAL BANK, INC., and in pursuant to the provisions of subsections X164.1 and X4262 of MORB and Section 4172Q of MORNBII which requice the submission of annual financial audit of bank / non-bank with ‘quasi-banking functions, we hereby certify the following: 11) ‘That auditors of the NEPOMUCENO SUNER & ASSOCIATES, CPAs had commenced their engagement to audit the financials of the bank on February 16, 2015 and had finished its audit on April 10, 2015; 2) That said audited financial statements were submitted to the bank on April 13, 2015; = 3.) That our external auditors, parmers, associates, auditor-in charge of the engagement and the a members of theis immediate family do not have any direct or indirect financial interests with the bank including its affiliates and subsidiaries and that their independence is not at all impaired a under any circumstances specified in the Code of Professional Bthics for Certified Public Accountants. 4) That we have mone to report on the matters under Section 8 of Ciscular 660 on cases involving any material findings on fraud or dishonesty and any potential losses the aggregate of ‘which amounts to atleast one percent (194) of the capital 5.) That we have none to report on any finding to the effect that the consolidated assets of the bank, on a going concer basis, are no longer adequate to cover the total claims of creditor. 6) That we have none to report on any material internal control weaknesses which may lead to | financial reporting problems. 7.) ‘That we have none to report on discovery of material breach of BSP rules and regulations such as capital adequacy ratio and findings on loans and other risk assets review and classification, 8) That we have none to report on findings regarding corporate governance issues. SP Acre No CHCDILON 1091 ‘eran 11 204 ab lane 3,218 NEA Acre No. LILO ie ‘Ago 132 va wl Desh, 2018 ah a aga 2016 ‘Vaid et hy 3,