PricewaterhouseCoopers & Associados - Sociedade de Revisores Oficiais de Contas, Lda.
o’Porto Bessa Leite Complex - Rua António Bessa Leite, 1430 - 5.° - 4150-074 Porto - Portugal
Tel +351 225 433 000 · Fax +351 225 433 499 ·
Matriculada na CRC sob o NUPC 506 628 752 - Capital Social Euros 314.000
Inscrita na lista das Sociedades de Revisores Oficiais de Contas sob o n.° 183 e na CMVM sob o n.° 9077
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.
Sede: Palácio Sottomayor, Rua Sousa Martins, 1 - 3º, 1069-316 Lisboa, Portugal
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AUDIT REPORT FOR STATUTORY AND STOCK EXCHANGE REGULATORY PURPOSES ON THE CONSOLIDATED FINANCIAL INFORMATION
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 2013,
(which shows total assets of Euros 218,322,741, a total shareholder’s equity of Euros 119,440,096, which
includes non-controlling interests of Euros 4,957,161 and a net profit of Euros 3,576,462), 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
Audit Report for Statutory and Stock Exchange Regulatory
Purposes on the Consolidated Financial Information
(Free translation from the original version in Portuguese)
