Bilancio Ansaldo - Ansaldo Energia

– it assessed and monitored the adequacy of the
administration and accounting system, as well as
the reliability of the latter to provide a true
picture of management events, by obtaining
information from those responsible for the
functions involved, from the person responsible
for accounting control and by examining company
documents; it has no particular comments to
make in this regard;
– no statements or representations have been
received by the Board of Statutory Auditors
pursuant to article 2408, Italian civil code;
– in the framework of the exchanges of information
required by the Law, the Board of Statutory
Auditors has not received any significant
observations from the Boards of Statutory
Auditors of Subsidiary companies.
The Board of Statutory Auditors has examined the
financial statements at 31 December 2011, which
can be summarised as follows:
Shareholders’ equity Euro
ANon current assets 278,820,830
Current assets 1,125,427,200
Total assets 1,404,248,030
Share capital and reserves 29,965,086
Non current liabilities 281,728,482
Current liabilities 1,108,827,078
1,420,520,646
Loss for the year -16,272,616
Total liabilities and shareholders’ equity 1,404,248,030
Income statement results
Revenue 1,231,970,982
EBIT 41,755,877
Net result -16,272,616
The Board of Statutory Auditors has supervised the
general organisation of the aforementioned
Financial Statements and the legal compliance of
their form and structure and has no comments to
make in this regard.
So far as the Board of Statutory Auditors is aware,
in the preparation of the financial statements, the
Directors have not departed from the Law pursuant
to article 2423, section 4, Italian Civil Code.
In consideration of the above, the Board of
Statutory Auditors, pursuant to article 2429,
section 2, Italian Civil Code, in its sphere of
competence and based on the information
gathered, as there are no causes of impediment,
believes that the Financial Statements at 31
December 2011, as prepared by the Board of
Directors, deserve your approval.
Genova, 2 march 2012
THE BOARD OF STATUTORY AUDITORS
Pietro Mastrapasqua
Armando Cascio
Salvatore Randazzo