2007 Interactive Registration Document - Renault

✦ Global Reporting Initiative (GRI) Directives
FINANCIAL STATEMENTS 07
STATUTORY AUDITORS’ REPORTS ON THE PARENT COMPANY ONLY
7.3 STATUTORY AUDITORS’ REPORTS ON
THE PARENT COMPANY ONLY
7.3.1 ON THE FINANCIAL STATEMENTS
Renault
Year ended December 31, 2007
Statutory Auditors’ report on the annual fi nancial statements
This is a free translation into English of the statutory auditors’ report issued in the
French language and is provided solely for the convenience of English speaking
readers. This report includes information specifi cally required by French law in all
audit reports, whether qualifi ed or not, and this is presented below the opinion
on the fi nancial statements. This information includes explanatory paragraphs
discussing the auditors’ assessments of certain signifi cant accounting matters.
These assessments were made for the purpose of issuing an opinion on the
fi nancial statements taken as a whole and not to provide separate assurance
on individual account captions or on information taken outside of the annual
fi nancial statements. The report also includes information relating to the specifi c
verifi cation of information in the management report.
This report should be read in conjunction with, and is construed in accordance
with French law and professional auditing standards applicable in France.
To the s hareholders,
In accordance with our appointment as statutory auditors by your Annual General
Meeting, we hereby report to you, for the year ended December 31, 2007,
on:
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the audit of the accompanying annual fi nancial statements of Renault;
the justifi cation of our assessments;
the specifi c verifi cations and information required by law.
These annual financial statements have been approved by the Board of
Directors. Our role is to express an opinion on these fi nancial statements
based on our audit.
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I. OPINION ON THE ANNUAL FINANCIAL STATEMENTS
We conducted our audit in accordance with the professional standards
applicable in France; those standards require that we plan and perform the audit
to obtain reasonable assurance about whether the annual fi nancial statements
are free of material misstatement. An audit includes examining, on a test
basis, evidence supporting the amounts and disclosures in the annual fi nancial
statements. An audit also includes assessing the accounting principles used
and signifi cant estimates made by the management, as well as evaluating the
overall annual fi nancial statements presentation. We believe that our audit
provides a reasonable basis for our opinion.
In our opinion, the annual fi nancial statements present fairly, in all material
respects, the fi nancial position of the Company at December 31, 2007 and
the results of its operations for the year then ended, in accordance with the
accounting rules and principles applicable in France.
II. JUSTIFICATION OF ASSESSMENTS
In accordance with the requirements of article L. 823-9 of French Company
Law (Code de commerce) relating to the justifi cation of our assessments, we
bring to your attention the following matters:
As disclosed in the note 1.C to the fi nancial statements, and in accordance
with the Conseil national de la comptabilité (French National Accounting Body’s)
Recommendation n°. 34, your company has elected to use the equity method
to account for its investments in subsidiaries over which it exercises exclusive
control. The equity value of these investments is determined in accordance with
the accounting rules and methods used to draw up the Group’s consolidated
fi nancial statements. Our assessment of this equity value is based on the
result of the procedures performed to audit the Group’s consolidated fi nancial
statements for the 2007 fi scal year.
The assessments were thus made in the context of the performance of our audit
of the fi nancial statements taken as a whole and therefore contributed to the
formation of our audit opinion expressed in the fi rst part of this report.
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Registration Document Renault 2007 237