II / 278
INDEPENDENT AUDITORS’ REPORT IN ACCORDANCE WITH ARTICLES 14 AND 16 OF
LEGISLATIVE DECREE 39 OF 27 JANUARY 2010
To the Shareholders of
Prysmian SpA
Report on the consolidated financial statements
We have audited the accompanying consolidated financial statements of the Prysmian Group, which
comprise the statement of financial position as of 31 December 2015, the income statement, the
statement of comprehensive income, the statement of changes in equity and the statement of cash flows
for the year then ended, a summary of significant accounting policies and other explanatory notes.
Directors’ responsibility for the consolidated financial statements
The directors are responsible for the preparation of consolidated financial statements that give a true and
fair view in accordance with International Financial Reporting Standards as adopted by the European
Union, as well as with the regulations issued to implement article 9 of Legislative Decree 38/05.
Auditors’ responsibility
Our responsibility is to express an opinion on these consolidated financial statements based on our audit.
We conducted our audit in accordance with International Standards on Auditing (ISA Italia) drawn up
pursuant to article 11, paragraph 3, of Legislative Decree 39 of 27 January 2010. Those standards require
that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance
about whether the consolidated financial statements are free from material misstatement.
An audit involves performing audit procedures to obtain audit evidence about the amounts and
disclosures in the consolidated financial statements. The audit procedures selected depend on the auditor
professional judgment, including the assessment of the risks of material misstatement of the
consolidated financial statements, whether due to fraud or error. In making those risk assessments, the
auditor considers internal control relevant to the entity’s preparation of consolidated financial statements
that give a true and fair view, to plan and perform audit procedures that are appropriate in the
circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity internal
control. An audit also includes evaluating the appropriateness of accounting policies used and the
reasonableness of accounting estimates made by the directors, as well as evaluating the overall
presentation of the consolidated financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for
our audit opinion.