Page 6 - MEDIASET ESPAÑA / 2012. Financial Statements, Management and Corporate Governance Report

AUDIT REPORT ON THE FINANCIAL STATEMENTS
(Free translation of the original issued in Spanish. In case of conflict, the Spanish version prevails)
To the shareholders of MEDIASET ESPAÑA COMUNICACIÓN, S.A.:
We have audited the financial statements of MEDIASET ESPAÑA COMUNICACIÓN, S.A., which consist
of the balance sheet at December 31, 2012, the income statement, the statement of changes in equity,
the cash flow statement, and the notes thereto for the year then ended. The Company’s directors are
responsible for the preparation of the financial statements in accordance with the regulatory framework
for financial information applicable to the entity (identified in Note 2 to the accompanying financial
statements), and specifically in accordance with the accounting principles and criteria contained
therein. Our responsibility is to express an opinion on the aforementioned financial statements taken
as a whole, based upon work performed in accordance with the regulatory audit standards prevailing
in Spain, which require the examination, through the performance of selective tests, of the evidence
supporting the financial statements, and the evaluation of whether their presentation, the accounting
principles and criteria applied, and the estimates made are in agreement with the applicable regulatory
framework for financial information.
In our opinion, the accompanying 2012 financial statements give a true and fair view, in all material
aspects, of the equity and financial position of MEDIASET ESPAÑA COMUNICACIÓN, S.A. at
December 31, 2012, as well as the results of its operations and cash flows for the year then ended, in
conformity with the applicable accounting regulations regarding financial information and, especially,
the accounting principles and criteria established therein.
While not affecting our audit opinion, we wish to draw attention to the content of Note 19 to the
accompanying financial statements, which states that the Company carries out a significant part of its
transactions with other Group companies. The related-party transactions carried out in 2012 and the
corresponding balances at year end are described in that note.
The accompanying management report for 2012 contains such explanations as the directors consider
appropriate concerning the situation of MEDIASET ESPAÑA COMUNICACIÓN, S.A., the evolution of
its business and other matters; however, it is not an integral part of the financial statements. We have
checked that the accounting information included in the aforementioned management report agrees
with the 2012 financial statements. Our work as auditors is limited to verifying the 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 Company’s accounting records.