2007 - April

3.0 Statutory 3.0
report on the consolidated financial statements
Statutory Auditors’ report on the consolidated financial statements
Auditors’
Year ended December 31 st , 2007
Dear Shareholders,
Pursuant to the mandate given to us at the general
shareholders’ meeting, we have audited the consolidated
financial statements of APRIL GROUP for the financial year
ended December 31 st , 2006, as contained in this report on
pages 93 to 147.
The consolidated financial statements are the responsibility
of the Directors’ Board. Our responsibility is to express an
opinion on these accounts based on our audit.
1. Opinion on the consolidated financial statements
We conducted our audit in accordance with the industry
standards applicable in France. These standards require that
we plan and perform the audit to obtain reasonable assurance
that the consolidated financial statements are free from any
material misstatements. An audit includes examining, on a
test basis, evidence supporting the information contained
in these accounts. An audit also involves assessing the
accounting principles used and the significant estimates
made when drawing up the accounts, as well as evaluating
the overall presentation of the financial statements.
We believe that our audit provides a reasonable basis for the
opinion presented hereafter.
We certify that the consolidated financial statements for the
year are, in view of IFRS, as adopted within the European
Union, fair and accurate and faithfully reflect the assets,
liabilities, financial position and earnings of the consolidated
group comprising the parties and entities included in the
basis for consolidation.
2. Basis for our opinions
Pursuant to the provisions of Article L.823-9 of the French
Commercial Code relative to the forming of our opinions, we
would like to draw your attention to the following points:
Indefinite intangible fixed assets and goodwill are subject
to an annual impairment test under the conditions
described in Note 1.16. Our work consisted of assessing
the data and assumptions used for estimates, notably the
cash flow forecasts drawn up by the company, checking
the calculation methodology applied and assessing the
valuations determined in this way;
Financial assets are recognized and valued in line with
the conditions set out in Note 1.17 to the consolidated
financial statements.
148
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