REGISTRATION DOCUMENT AND FINANCIAL REPORT - Iliad

20. FINANCIAL INFORMATION CONCERNING THE COMPANY’S ASSETS AND LIABILITIES,
FINANCIAL POSITION AND PROFITS AND LOSSES
20.2 PARENT COMPANY FINANCIAL STATEMENTS FOR 2007
II – Justification of our assessments
In accordance with the requirements of article L.823-9 of the French Commercial Code (Code de commerce)
relating to the justification of our assessments, we bring to your attention the following matter:
Note 1.4.2 to the financial statements sets out the accounting rules and methods applied in valuing investments in
subsidiaries and affiliates, and loans and advances to subsidiaries and affiliates. As part of our assessment of the
accounting rules and principles applied by your Company, we verified the appropriateness of these accounting
methods and of the calculation of provisions for impairment in value.
These assessments were made in the context of our audit of the financial statements, taken as a whole, and
therefore contributed to the formation of the opinion expressed in the first part of this report.
III – Specific verifications and information
We have also performed the specific verifications required by law in accordance with professional standards
applicable in France.
We have no matters to report regarding:
• the fair presentation and the conformity with the financial statements of the information given in the
Management Report of the Board of Directors, and in the documents addressed to the shareholders with
respect to the financial position and the financial statements;
• the fair presentation of the information provided in the Management Report of the Board of Directors in
respect of remuneration granted to certain company officers and any other commitments made in their
favor in connection with, or subsequent to, their appointment, termination or change in function.
In accordance with the law, we have also verified that the Management Report contained the appropriate
disclosures concerning acquisitions of investments and controlling interests and the identity of holders of the
Company’s shares and voting rights.
Neuilly-sur-Seine and Paris, April 7, 2008
The Statutory Auditors
PricewaterhouseCoopers Audit Boissière Expertise Audit
Xavier Cauchois Tita A. Zeïtoun
182 - Iliad – Registration Document 2007