Estados Financieros, (Inglés, Español) - Túnel San Cristóbal

INDEPENDENT AUDITORS’ REPORT
To the Shareholders of
Sociedad Concesionaria Túnel San Cristóbal S.A.
We have audited the accompanying statements of financial position of Sociedad Concesionaria Túnel San Cristóbal S.A. at
December 31, 2011 and 2010, and the related statements of comprehensive income, changes in shareholders’ equity and
cash flows for the years then ended. These financial statements (including the related notes) are the responsibility of the management
of Sociedad Concesionaria Túnel San Cristóbal S.A. Our responsibility is to express an opinion on these financial
statements based on our audits.
We conducted our audits in accordance with auditing standards generally accepted in Chile. Those standards require that
we plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free of
material misstatements. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the
financial statements. An audit also includes assessing the accounting principles used and significant estimates made by the
Company’s management, as well as evaluating the overall financial statement presentation. We believe that our audits provide
a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Sociedad
Concesionaria Túnel San Cristóbal S.A. as of December 31, 2011 and 2010, the results of operations, and its cash flows for
the years ended December 31, 2011 and 2010, in conformity with International Financial Reporting Standards (IFRS), issued
by the International Accounting Standards Board.
Due to the transition process from accounting principles generally accepted in Chile to International Financial Reporting
Standards (IFRS), the company presents a negative equity at December 31, 2011 and 2010, the reversal of this will depend on
the future flows that are generated. According to the above, the financial statements have been prepared under the principle
of a going concern.
The accompanying financial statements have been translated into English for the convenience of the readers outside Chile.
March 28, 2012
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