LISI 2012 FINANCIAL REPORT
141
8
DOCUMENTS SPECIFIC TO THE ORDINARY GENERAL MEETING
5
Auditors’ General Report – Financial year ended
December 31, 2012
their net book value, as described in paragraph b "Financial
fixed assets" of Note 3.1 "Accounting rules and methods"
in the appendix. Our work consisted in assessing the data
and assumptions on which these estimates rely, reviewing
the company’s calculations, and examining management’s
approval procedures for these estimates.
As part of our assessment, we have verified the reasonable
nature of such estimates.
These assessments form part of our task as Auditors of the
consolidated financial statements, taken as a whole, and have
therefore helped us to form our unreserved opinion, as it is
described in the first part of this report.
III. Verifications and specific
information
We have also carried out verifications specifically required by
law, in accordance with French professional regulations.
We have no comments tomake on the sincerity and consistency
with the annual statements, of the information given in the
Board of Directors’ management report, or that given in the
documents addressed to shareholders relating to the group’s
financial situation and the annual statements.
With regard to the information supplied in application on the
provisions of Article L.225-102-1 of the Commercial Code on
payments and bonuses paid to corporate officers as well as on
commitments approved in their favor, we have checked their
consistency with the accounts or with the data used in the
drawing-up of these accounts, and, where relevant, with the
items gathered by your company from companies controlling
or controlled by your company. On the basis of our work, we
vouch for the precision and honesty of this information.
Inapplicationof the law, we havemade sure that all information
relating to the acquisition of stakes and control and to the
identity of those who hold the corresponding capital has been
provided for you in the management report.
Exincourt and Paris-La Défense, March 28, 2013
The Auditors
EXCO CAP AUDIT
ERNST & YOUNG ET AUTRES
Serge Clerc
Henri-Pierre Navas
Partner
Partner
To Shareholders,
In compliance with the terms of our appointment by your
General Meeting, we hereby present our report for the year
ended December 31, 2012, on:
• the control of the annual accounts of the LISI Company, as
attached to this report;
• the justification of our assessments;
• specific verifications and legally required information.
The annual accounts have been approved by the Board of
Directors. Our role is to express an opinion on these financial
statements based on our audit.
I. Opinion on the annual accounts
We have carried out our work in accordance with the
professional standards in use in France; these standards require
due diligence to ensure with a reasonable degree of certainty
that the annual accounts do not contain any significant
anomalies. An audit involves verifying, through surveys or
other selection methods, the items supporting the figures and
information which feature in the consolidated accounts. It also
involves assessing those accounting principles followed, the
significant estimates made and the overall presentation of the
accounts. We consider that the items we have gathered form
both a sufficient and an appropriate basis for our opinion.
We certify that the annual accounts comply with French
accounting rules and principles and provide a true and fair view
of the earnings derived from the company’s activity during the
year, as well as the financial situation and net worth of the
company at the end of the financial year.
II. Justification of our assessments
As per article L. 823-9 of the Commercial Code regarding the
justification of our assessments, we inform you that:
Your company sets up provisions for the impairment of equity
interests when their value in use appears to be less than
