LEBANESE INSTITUTION FOR THE BLIND

FINANCIAL STATEMENTS AND AUDITOR’S REPORT

FOR THE YEAR ENDED DECEMBER 31,2006

Sin El-Fil, 18/02/2007

To the President of Lebanese Institution for the Blind Dr. Issa El-Maalouf.

• We have audited the accompanying Balance Sheet of “Lebanese Institution for the Blind” 
  as of December 31,2006 and the related statements for the year then ended. These financial 
  statements are the responsibility of the Institution’s Management. Our responsibility is to 
  express an opinion on these financial statements based on our audit.
  

• We conducted our audit in accordance with International Standards on Auditing.
  Those standards require that we plan and perform the audit to obtain reasonable
  assurance about whether the financial statements are free from material misstatement. 
  An audit includes assessing the accounting principles used and significant estimates 
  made by management, as well as evaluating the overall financial statement presentation. 
  We believe that our audit provides a reasonable basis for our opinion.

• In our opinion, the financial statements give a true and fair view of the financial position of the
  “Lebanese Institution for the Blind” as of December 31,2006 and of the results of its operations 
  for the year then ended, in accordance with International Accounting Standards.

Paul A.Rouhana
Sworn-in auditor

EXPENSES	L.L.	INCOMES	L.L.
* Cost of supplies and maintenance of industrial and tutorial equipment.	8 150 410	* Balance brought forward from 1998	2 194 337
* Support for Blinds.	65 052 500	* Donations received trough Dr.I.El-Maalouf	148 129 429
* Allowances of teachers & employees.	39 677 392	* Donations	33 521 870
* Food and Medicines.	1 435 300	* Products & Services Sold	9 002 500
* Rent, Electricity, Phone, Water & Postal services.	18 097 583
* Transport expenses: Fuel, car maintenance & Insurance.	26 157 380	* Car maintenance/due	124 500
* Printing of literature, stationery & other expenses.	11 488 504	* Banks	402 111
* Housing & Camping expenses.	11 425 500	* Used Computer Sold	1 963 000
* Installments towards cost of car.	10 560 000
* Miscellaneous accounts	1 096 840
Sub Total	193 141 409
Extra for 1999	2 196 338
Grand Total	195 337 747	Grand Total	195 337 747

Therefore the result looks as follows:

Incomes: 195 337 747 L.L. One hundred ninety five million three hundred thirty seven
               thousand seven hundred forty seven Lebanese Pounds.

Expenses: 193 141 409 L.L. One hundred ninety three million one hundred forty one
                  thousand four hundred nine Lebanese Pounds.

Xtra: 2 196 338 L.L. Two million one hundred ninety six thousand three
        hundred and thirty eight Lebanese Pounds.

Paul A.Rouhana
Sworn-in auditor