ANNUAL REPORT ‘12
AUDIT REPORTS AND OPINIONS
262
AUDITOR’S REPORT*
INTRODUCTION
1_ We have audited the financial statements of
ANA – Aeroportos de Portugal, S.A., comprising the
consolidated and separated statement of financial
position as at 31 December 2012 (which shows total
assets of Euro 2,448,703 thousand and Euro 2,297,709
thousand respectively, and a total consolidated share-
holder's equity of Euro 407,248 thousand, including
non-controlling interests of Euro 4,191 thousand and
separated of Euro 471,125 thousand, including
retained earnings, which include a net consolidated and
separated profit of Euro 53,024 thousand and Euro
58,363 thousand respectively), the consolidated and
separated statement of income by nature, the consoli-
dated and separated statement of comprehensive
income, the consolidated and separated statement of
changes in equity and the consolidated and separated
statement of cash flows for the year then ended, and
the corresponding notes to the accounts.
RESPONSIBILITIES
2_ It is the responsibility of the Board of Directors
to prepare the Directors’ Report and the consolidated
and separated financial statements which present fairly,
in all material respects, the consolidated and separated
financial position of the Company and its subsidiaries,
the consolidated and separated results of its oper-
ations, the consolidated and separated comprehensive
income, the changes in consolidated and separated
equity and the consolidated and separated cash flows,
as well as to adopt appropriate accounting policies and
criteria and to maintain appropriate systems of internal
control.
3_ Our responsibility is to express an independent
and professional opinion on these consolidated and
separated financial statements based on our audit.
SCOPE
4_ We conducted our audit in accordance with the
Standards and Technical Recommendations issued by
the Institute of Statutory Auditors which require that
we plan and perform the audit to obtain reasonable
assurance about whether the consolidated and separated
financial statements are free from material misstate-
ment. Accordingly, our audit included: (i) ) verification,
on a sample basis, of the evidence supporting the
amounts and disclosures in the consolidated and sep-
arated financial statements and assessing the reason-
ableness of the estimates, based on the judgments
and criteria of the Board of Directors used in the prep-
aration of the financial statements; (ii) verification of
the consolidation operations and the utilization of the
equity method; (iii) assessing the appropriateness of
the accounting principles used and their disclosure, as
applicable; (iv) assessing the applicability of the going
concern basis of accounting; and (v) assessing the
overall presentation of the consolidated and separated
financial statements.
5_ Our audit also covered the verification that the
consolidated and separated financial information
included in the Directors’ Report is consistent with the
consolidated and separated financial statements.
6_ We believe that our audit provides a reasonable
basis for our opinion.
*
Free translation from the original in Portuguese
