Page 108 - MEDIASET ESPAÑA / 2012. Financial Statements, Management and Corporate Governance Report

AUDIT REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS
(Free translation from the original in Spanish. In case of conflict the Spanish version prevails)
To the Shareholders of MEDIASET ESPAÑA COMUNICACIÓN, S.A.:
We have audited the consolidated financial statements of MEDIASET ESPAÑA COMUNICACIÓN,
S.A. (Parent company) and subsidiaries (the Group), which consist of the consolidated statement of
financial position at 31 December 2012, the consolidated separate income statement, the consolidated
statement of comprehensive income, the consolidated statement of changes in equity, the consolidated
cash flow statement, and the notes thereto for the year then ended. As explained in Note 2.1, the
directors of the Parent company are responsible for the preparation of the Group’s consolidated
financial statements in accordance with the International Financial Reporting Standards adopted by
the European Union and other regulations regarding financial information applicable to the Group. Our
responsibility is to express an opinion on the aforementioned consolidated financial statements taken
as a whole, based upon work performed in accordance with the prevailing audit regulations in Spain,
which require the examination, through the performance of selective tests, of the evidence supporting
the consolidated financial statements, and evaluation of whether the consolidated financial statements,
the principles and criteria applied, and the estimates made, are in accordance with the applicable
regulatory requirements regarding financial information.
In our opinion, the accompanying 2012 consolidated financial statements give a true and fair view,
in all material respects, of the consolidated equity and financial position of MEDIASET ESPAÑA
COMUNICACIÓN, S.A. and subsidiaries at 31 December 2012 and the consolidated results of its
operations, changes in consolidated equity and consolidated cash flows for the year then ended, in
conformity with the International Financial Reporting Standards adopted by the European Union and
other applicable regulations regarding financial information.
The accompanying 2012 consolidated management report contains such explanations as the directors
of MEDIASET ESPAÑA COMUNICACIÓN, S.A. consider appropriate concerning the situation of the
Group, the evolution of its businesses and other matters; however, it is not an integral part of the
consolidated financial statements. We have checked that the accounting information included in the
aforementioned consolidated management report agrees with the consolidated financial statements
for the year ended 31 December 2012. Our work as auditors is limited to verifying the consolidated
management report in accordance with the scope mentioned in this paragraph, and does not include
the review of information other than that obtained from the accounting records of MEDIASET ESPAÑA
COMUNICACIÓN, S.A. and its subsidiaries.