EXHIBIT 99.3

INDEX TO AUDITED FINANCIAL STATEMENTS OF MULTICARD AG

WALLISELLEN, SWITZERLAND

Report of the independent auditor on the financial statements

We have audited the accompanying balance sheet of Multicard AG as of June 30, 2008, and the related statement of income for the period from January 1, 2008 to June 30, 2008. These financial statements are the responsibility of the Company’s Board and management. Our responsibility is to express an opinion on these financial statements based on our audit.

We conducted our audit in accordance with auditing standards generally accepted in the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. We were not engaged to perform an audit of the Company’s internal control over financial reporting. Our audit included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Multicard AG at June 30, 2008 and the results of its operations for the six-month-period then ended, in conformity with accounting principles generally accepted in Switzerland, which differ in certain respects from accounting principles generally accepted in the United States (see note 8 to the financial statements).

Ernst & Young Ltd

August 6, 2010

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MULTICARD AG, WALLISELLEN

BALANCE SHEET AS OF 30 JUNE 2008

(All amounts are stated in €)

See accompanying notes to Audited Financial Statements of Multicard AG.

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MULTICARD AG, WALLISELLEN

INCOME STATEMENT

FOR THE SIX MONTHS ENDED JUNE 30, 2008

(All amounts are stated in €)

See accompanying notes to Audited Financial Statements of Multicard AG.

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MULTICARD AG, WALLISELLEN

NOTES TO AUDITED FINANCIAL STATEMENTS

AS OF 30 JUNE 2008

1. Company Background

Multicard AG (“Multicard AG” or the “Company”) is a worldwide supplier of card solutions for secure identification programs with in-house capabilities for credential issuance, personalization and fulfillment services for the consumer, government and corporate customers. The company offers identification (ID) systems management and engineering services as well as full implementation and program management. Multicard AG is also a provider of enrollment and accreditation solutions using data capture equipment for ePassport and other government ID and corporate ID applications.

2. Basis of Presentation

The accompanying financial statements have been prepared on a historical cost basis in accordance with Swiss generally accepted accounting principles stipulated by the Swiss Code of Obligations (“Swiss GAAP”). The functional currency is Swiss Franc (“CHF”), but all amounts are stated in Euro (“€”) for presentation purposes.

3. Significant Accounting Policies

Inventories:

Inventories, which include raw materials, semi-finished and finished goods, are stated at the lower of cost, or market value. An estimated provision is recorded for excess inventory, technical obsolescence and no ability to sell based primarily on expectations for future use.

Tangible Fixed Assets:

Tangible fixed assets and intangible assets are stated at cost, net of accumulated depreciation and/or accumulated impairment losses, if any. Depreciation is computed using the straight-line method over estimated useful lives of the asset. The assets residual values, useful lives and methods of depreciation are reviewed at each financial year end, and adjusted prospectively if appropriate.

Intangible Assets:

Acquired intangible assets are stated at cost less any accumulated amortization and any accumulated impairment losses. Internally generated intangible assets, excluding capitalized development costs, are not capitalized and expenditure is reflected in the income statement in the year in which the expenditure is incurred. Intangible assets are amortized over the useful economic life and assessed for impairment whenever there is an indication that the intangible asset may be impaired.

Revenue Recognition:

The Company’s revenues arise from products that are manufactured, packaged, delivered and invoiced against specific customer orders. The risks and rewards are transferred to the customer at the time of delivery and invoicing and revenue is recognized at that time. Revenue is recognized to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, and sales taxes or duty.

Interest income is recognized as interest accrues. Interest income is included in finance income in the income statement.

Income Taxes:

Current income tax assets and liabilities are measured at the amount expected to be recovered from or paid to the taxation authorities. The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted by the balance sheet date.

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Provisions and Accruals:

Provisions have been made to the extent required by generally accepted accounting principles in Switzerland. Provisions are to be created in particular to cover potential losses from contractual obligations. Excess reserves exceeding the above are permitted to the extent justified with regard to the continuing prosperity of the Company or the distribution of a dividend as equal as possible, taking into account the interests of the shareholders.

Investments in Affiliated Company:

Affiliated company represents investment in a fully owned subsidiary and is stated at cost.

Foreign Currency Translation:

The company has € as its presentation currency. For translation purposes, the income statement is translated from the functional currency (CHF) to € at average rates. Assets and Liabilities are translated to € at period end rates and equity is translated at historical rates. The resultant translation difference is included in “Short-term provisions” on the balance sheet, if it is a credit, or as unrealized loss on the income statement in case of a debit.

Research and development costs:

Research costs are expensed as incurred. Development expenditure on an individual project is recognized as an intangible asset when the Company can demonstrate:

Following initial recognition of the development expenditure as an asset, the asset is carried at cost less any accumulated amortization and accumulated impairment losses. Amortization of the asset begins when development is complete and the asset is available for use. It is amortized over the period of expected future benefit.

Commitments:

As at June 30, 2008, the Company had the following commitments:

4. Transactions with Affiliated Company and Related Parties

Long-term receivables from affiliated companies appearing in the balance sheet as of June 30, 2008 relates to the temporary loan of €150,000, including accrued interest, given to Multicard GmbH to cover short-term working capital needs. Payable for goods and services to affiliated company appearing in the balance sheet relates to the transactions entered into with Multicard GmbH for normal business operations at arm’s length.

Other short-term liabilities to related parties as of June 30, 2008 mainly relate to short-term loan received from Werner Vogt, a member of the Board of Directors the Company (“Lender”). Amounts outstanding under the loan accrue interest at 5.00% per annum, and interest is payable on a half-yearly basis and due on June 30 and December 30 of each year. The terms of the loan agreement required the Company to pay €62,189 (CHF 100,000) on December 31, 2008. The lender has the right to demand for the loan and outstanding interest anytime by giving six-week written notice to the Company. If the payment of outstanding interest or any portion of the loan becomes overdue for more than 20 days, the entire loan, including any accrued interest will be due and payable immediately. Amount outstanding as of June 30, 2008 includes both the principal amount and accrued interest.

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5. Long-term Financial Liabilities

The Company entered into three different loan agreements with Mountain Partners AG (“Mountain Partners”) pursuant to which Mountain Partners extended a loan of €295,000 to the Company. Amounts outstanding under the loan accrue interest at 5.00% per annum, and interest is payable on a yearly basis and due on December 30 of each year. Mountain Partners has the right to demand for the loan and outstanding interest anytime by giving six-week written notice to the Company. If the payment of outstanding interest or any portion of the loan becomes overdue for more than 20 days, the entire loan, including any accrued interest will be due and payable immediately.

6. Leasing Liabilities

Leasing liabilities held at amortized cost of €79,632 relate to liabilities caused by leasing contracts classified as financial leases.

7. Risk assessment

In the six-month period ending June 30, 2008, no formal risk assessment was performed by the board of directors.

8. Reconciliation to accounting principles generally accepted in the United States (“U.S. GAAP”)

a. The Company prepares its financial statements in accordance with Swiss GAAP, which differs in certain respects to U.S. GAAP. The effects of the application of U.S. GAAP to net income and shareholders’ equity are set out in the tables below:

Net income reconciliation from Swiss GAAP to U.S. GAAP (in €):

Below is the statement of shareholders’ equity according to Swiss GAAP as of and for the six months ended June 30, 2008 (in €):

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Net shareholders’ equity reconciliation from Swiss GAAP to U.S. GAAP (in €):

The components of consolidated shareholders’ equity under U.S. GAAP are as follows:

Below is the statement of cash flows prepared in accordance with U.S. GAAP for the six months ended June 30, 2008 (in €):

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