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ANNUAL REPORT AND CONSOLIDATED ACCOUNTS 2012
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The Fiscal Board has rendered it’s approval to additional services to the auditory services
that were hired to the External Auditor, having considered that it´s independence was
safeguarded, it´s remuneration was contained in market conditions, and, therefore, it was in
the society´s interest to benefit of the knowledge and punctuality assured in those services.
The provision of additional services performed by the external auditor did not reach the
threshold of 30% of the total value of provided Services.
There were no reports to the Fiscal Board of any kind of transactions between the society
and it’s shareholders or related parties, in the sense of the CMVM Recommendation
IV.1.2, that should be submitted to it´s prior opinion if they reached the level of
significance established by this body.
The Fiscal Board examined the individual and consolidated management report and the
individual and consolidated financial statements, it’s respective annexure, including the
2012 Corporate Governance Report presented by the Board of Directors, having
examined, as well, the Legal Certification of Accounts and its Opinion issued by the
Chartered Accountant and has also considered the Audit Report submitted by
PriceWaterHouse Coopers & Associados.
The Fiscal Board also examined the compliance of the Corporate Governance Report
included in the Management Report in compliance to the nº5 art. 420 of the Commercial
Societies Code, focusing it’s analysis in the inclusion, in that Governance Report, of the
required elements of the 254-A article of the Portuguese Securities Market Code.
Opinion
Considering the above, the opinion of the Fiscal Board is that are fulfilled the conditions of
the approval, by the General Meeting, of :
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The management reports, the financial consolidated and individual statements of
2012 and respective annexes, namely the Governance Report, annexed to the
Management Report and Consolidated Accounts;
-
The proposal of distribution of year-end results presented by the Board of
directors.
Responsibility Statement
In accordance with paragraph c) number 1 of article 245 of the Portuguese Securities
Market Code we inform that, to our knowledge, and regarding the elements we assessed,
the information contained in the individual and consolidated financial statements was
prepared in accordance with applicable accounting standards, giving a true and appropriate
