METKA GROUP | ANNUAL REPORT 2013 - page 27

25
Annual financial statements from the 1st of January to the 31st of December 2013
INDEPENDENT AUDITOR’S REPORT
Towards the shareholders of
METAL CONSTRUCTIONS OF GREECE S.A.
Report on Separate and Consolidated Financial Statements
We have audited the accompanying separate and consolidated financial statements of the METAL
CONSTRUCTIONS OF GREECE S.A. and its subsidiaries, which comprise the separate and consolidated
statements of financial position as at December 31, 2013, the separate and consolidated statements of
comprehensive income, changes in equity and cash flows for the year then ended, and a summary of significant
accounting policies and other explanatory information.
Management’s Responsibility for the Separate and Consolidated Financial Statements
Management is responsible for the preparation and fair presentation of these separate and consolidated
financial statements in accordance with International Financial Reporting Standards that have been adopted by
the European Union as well as for internal control procedures the Management defines as necessary to ensure
the preparation of separate and consolidated financial statements that are free from material misstatement,
whether due to fraud or error.
Auditor’s Responsibility
Our responsibility is to express an opinion on these separate and consolidated financial statements based on
our audit. We conducted our audit in compliance with International Standards on Auditing. Those standards
require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance
about whether the separate and consolidated financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the
separate and consolidated financial statements. The procedures selected depend on the auditor’s judgment,
including the assessment of the risks of material misstatement of the separate and consolidated financial
statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal
control procedures relevant to the entity’s preparation and fair presentation of the separate and consolidated
financial statements in order to design audit procedures that are appropriate in the circumstances, but not
for the purpose of expressing an opinion on the effectiveness of the entity’s internal control procedures. An
audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of
accounting estimates made by management, as well as evaluating the overall presentation of the separate and
consolidated financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit
opinion.
1...,17,18,19,20,21,22,23,24,25,26 28,29,30,31,32,33,34,35,36,37,...136
Powered by FlippingBook