AMPER, SA and Subsidiaries Consolidated Financial Statements for ...

KPMG
KPMG Auditores S.L
Edificio Torre Europa
Pº de la Castellana, 95
28046 Madrid
Auditors report related to the Amper, S.A. Internal Control System for Financial Information
(ICSFI), for fiscal year 2011.
To the administrators of Amper, S.A.
In accordance with the request made by the Amper, S.A. Board of Directors (the Company)
and with our proposal letter dated the 24 th of February 2012, we have applied specific
procedures to the Information related to the ICSFI, contained in the Annual Amper, S.A.
Corporate Governance Report, for fiscal year 2011, which summarises the company’s internal
control procedures concerning the annual financial information.
Following the modifications made under the Sustainable Economy Act 2/2011 dated 4 March,
the Securities Market Act 24/1988 dated 28 July, now requires that, starting from the business
years that begin on the 1 st of January 2011, the Annual Corporate Governance Report
(hereinafter, ACGR) must include a description of the main characteristics of the internal
control and risk management systems, in relation to the issuance of regulated financial
information. With reference to this particular matter, the Spanish Securities and Exchange
Commission (CNMV) advocated the establishment of an Internal Control Work Group
(hereinafter, ICWG), to oversee the Financial Information of listed companies, with the aim of
drawing up a set of recommendations relating to the ICFSI. As a result of the work carried out
by the ITWG, in June 2010 an Internal Control document was published, dealing with the
Financial Information of listed companies (hereinafter, the ICWG document). Section III of this
document includes a “Guide for preparing a description of the Internal Control System for
Financial Information”, which is made up of sixteen basic guidelines, which in the opinion of
ICWG, should be employed by every firm when describing the main characteristics of their
ICSFI. In a letter 28 December 2011, the CNMV reminds companies of the aforementioned
legal amendments, which must be taken into account when drawing up any Information
related to the ICSFI, which they intend to publish, until such time as the CMNV publishes the
final version of its bulletin, defining a new ACGR model.
For the purposes of the provisions contained in guideline number 16, in section III of the
ICWG document, which requires the companies to indicate whether or not the ICSFI
description has been reviewed by the external auditor, and if so, they are instructed to include
the relevant report, on 28 October 2011, the Corporations that represent the account auditors,
made public their draft for the Guidelines, together with the corresponding procedural guide
for preparing the auditor’s report (hereinafter, Guidelines Draft). In addition, on 25 January
2012, the Spanish Institute of Chartered Accountant’s bulletin number E01/2102 establishes
certain additional considerations related to this same matter.
KPMG Auditores SL, a Spanish limited liability company Companies Register, Madrid T 11961, F 90
is a subsidiary if KPMG Europe LLP, a member company of Section 8.H (V) 188007, Entry 9
the KPMG network of independent companies, allied to KPMG NIF B 78510153
International Cooperative (KPMG INTERNATIONAL)
a Swiss company
The Board of Directors is responsible for adopting suitable measures that reasonably
guarantee the implementation, maintenance and oversight of an appropriate internal control
system, as well putting in place improvements to said system and the preparation and