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ANNUAL REPORT AND CONSOLIDATED ACCOUNTS 2013
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 2013 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.
2. Opinion
Considering the above, the opinion of the Fiscal Board is that are fulfilled the conditions of the approval,
by the General Meeting, of:
– Themanagement reports, the financial consolidated and individual statements of 2013 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.
Porto, 8th April 2014
The Fiscal Board
The President
Joaquim Alexandre de Oliveira Silva
The Vice-President
António Maria de Borda Cardoso
The Effective Member
Eduardo Moutinho Ferreira Santos
