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CERTIFICATION OF THE CONSOLIDATED FINANCIAL
STATEMENTS PURSUANT TO ART. 81-TER
OF CONSOB REGULATION 11971 DATED 14 MAY 1999
AND SUBSEQUENT AMENDMENTS AND ADDITIONS
1.
The undersigned Valerio Battista, as Chief Executive
Officer, and Carlo Soprano and Andreas Bott, as managers
responsible for preparing the corporate accounting
documents of Prysmian S.p.A., certify, also taking account
of the provisions of paragraphs 3 and 4, art. 154-bis of
Italian Legislative Decree 58 dated 24 February 1998, that
during 2012 the accounting and administrative processes
for preparing the consolidated financial statements:
• have been adequate in relation to the business’s
characteristics and,
• have been effectively applied.
2.
The adequacy of the accounting and administrative
processes for preparing the consolidated financial
statements at 31 December 2012 has been evaluated
on the basis of a procedure established by Prysmian in
compliance with the internal control framework published
by the Committee of Sponsoring Organizations of the
Treadway Commission, which represents the generally
accepted standard model internationally.
It is reported that:
• the integration of companies in the Draka Group,
acquired in February 2011, into the Group’s system of
procedures and controls is still in progress. The nine
most significant companies by sales already completed
full adoption of this system in 2011 and were joined
in 2012 by a further seven of the more important
companies, that adopted the key elements of the
system, particularly relating to preparation of financial
reports for consolidation purposes. This integration
should be completed during 2013;
• during 2012, several of the Prysmian Group’s
companies were involved in the project to adopt a
new information system. The process of fine-tuning
the new system’s operating and accounting functions
is still in progress for some of them; in any case, the
system of controls in place ensures consistency with
the Group’s system of procedures and controls.
3.
They also certify that:
3.1
The consolidated financial statements at 31 December
2012:
a. have been prepared in accordance with applicable
international accounting standards recognised by the
European Union under Regulation (EC) 1606/2002 of
the European Parliament and Council dated 19 July
2002;
b. correspond to the underlying accounting records and
books of account;
c. are able to provide a true and fair view of the issuer’s
statement of financial position and results of
operations and of the group of companies included in
the consolidation.
3.2
The directors’ report contains a reliable analysis of
performance and the results of operations, and of the
situation of the issuer and the group of companies
included in the consolidation, together with a description
of the principal risks and uncertainties to which they are
exposed.
Milan, 27 February 2013
Chief Executive Officer
Managers responsible for preparing corporate accounting documents
Valerio Battista
Carlo Soprano Andreas Bott
