188
CertIFICaÇÃo LeGaL DaS ContaS e
reLatÓrIo De aUDItorIa SoBre a InForMaÇÃo FInanCeIra ConSoLIDaDa
PricewaterhouseCoopers & Associados - Sociedade de Revisores Oficiais de Contas, Lda.
o�Porto Bessa Leite Complex, Rua António Bessa Leite, 1430 - 5º, 4150-074 Porto, Portugal
Tel +351 225 433 000 Fax +351 225 433 499,
Matriculada na Conservatória do Registo Comercial sob o NUPC 506 628 752, Capital Social Euros 314.000
PricewaterhouseCoopers & Associados - Sociedade de Revisores Oficiais de Contas, Lda. pertence à rede de entidades
que são membros da PricewaterhouseCoopers International Limited, cada uma das quais é uma entidade legal autónoma e independente.
Inscrita na lista das Sociedades de Revisores Oficiais de Contas sob o nº 183 e na Comissão do Mercado de Valores Mobiliários sob o nº 9077
Audit Report for Statutory and Stock Exchange Regulatory
Purposes on the Consolidated Financial Information
(Free translation from the original version in Portuguese)
Introduction
1
As required by law, we present the Audit Report for Statutory and Stock Exchange Regulatory
Purposes on the Financial Information included in the consolidated Directors’ Report and in the
consolidated financial statements of Ibersol, S.G.P.S., S.A., comprising the consolidated balance sheet as at
31 December 2012, (which shows total assets of Euros 223,982,513, a total shareholder's equity of Euros
116,599,331, which includes non-‐controlling interests of Euros 4,680,545 and a net profit of Euros
2,513,579), the consolidated statement of comprehensive income, the consolidated statement of changes
in equity and the consolidated statement of cash flows for the year then ended and the corresponding
notes to the accounts.
Responsibilities
2
It is the responsibility of the Company’s Board of Directors (i) to prepare the consolidated
Directors’ Report and consolidated financial statements which present fairly, in all material respects, the
financial position of the company and its subsidiaries, the consolidated comprehensive income of their
operations, the changes in consolidated equity and the consolidated cash flows; (ii) to prepare historic
financial information in accordance with International Financial Reporting Standards as adopted by the
European Union and which is complete, true, up-‐to-‐date, clear, objective and lawful, as required by the
Portuguese Securities Market Code; (iii) to adopt adequate accounting policies and criteria; (iv) to
maintain appropriate systems of internal control; and (v) to disclose any significant matters which have
influenced the activity, the financial position or results of the company and its subsidiaries.
3
Our responsibility is to verify the financial information included in the financial statements
referred to above, namely if it is complete, true, up-‐to-‐date, clear, objective and lawful, as required by the
Portuguese Securities Market Code, for the purpose of issuing an independent and professional report
based on our audit.
Scope
4
We conducted our audit in accordance with the Standards and Technical Recommendations
issued by the Institute of Statutory Auditors which require that we plan and perform the audit to obtain
reasonable assurance about whether the consolidated financial statements are free of material
misstatement. Accordingly, our audit included: (i) verification that the Company and subsidiary’s financial
statements have been properly examined and for the cases where such an audit was not carried out,
verification, on a sample basis, of the evidence supporting the amounts and disclosures in the consolidated
financial statements, and assessing the reasonableness of the estimates, based on the judgements and
criteria of Board of Directors used in the preparation of the consolidated financial statements; (ii)
verification of the consolidation operations; (iii) assessing the appropriateness and consistency of the
accounting principles used and their disclosure, as applicable; (iv) assessing the applicability of the going
concern basis of accounting; (v) assessing the overall presentation of the consolidated financial
statements; and (vi) assessing the completeness, truthfulness, accuracy, clarity, objectivity and lawfulness
of the consolidated financial information.
