Cemex 2013 Annual Report Download - page 43
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Please find page 43 of the 2013 Cemex annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.Independent auditors’ report
The Board of Directors and Stockholders
CEMEX, S.A.B. de C.V.:
We have audited the accompanying consolidated nancial
statements of CEMEX, S.A.B. de C.V. and subsidiaries (“the
Company”),whichcomprisetheconsolidatedbalancesheetsas
atDecember31,2013and2012,theconsolidatedstatements
of operations, comprehensive loss, changes in stockholders’
equity,andcashowsfortheyearsendedDecember31,2013,
2012and2011,andnotes,comprisingasummaryofsignicant
accountingpoliciesandotherexplanatoryinformation.
Management’s Responsibility for the Consolidated Financial
Statements
Managementisresponsibleforthepreparationandfairpresentation
of these consolidated nancial statements in accordance with
InternationalFinancialReportingStandards,andforsuchinternal
control as management determines is necessary to enable the
preparationofconsolidatednancialstatementsthatarefreefrom
materialmisstatement,whetherduetofraudorerror.
Auditors’ Responsibility
Ourresponsibilityistoexpressanopinionontheseconsolidated
nancial statements based on our audits. We conducted our
audits in accordance with International Standards on Auditing.
Thosestandardsrequirethatwecomplywithethicalrequirements
andplanandperformtheaudittoobtainreasonableassurance
about whether the consolidated nancial statements are free
frommaterialmisstatement.
Anauditinvolvesperformingprocedurestoobtainauditevidence
abouttheamountsanddisclosuresintheconsolidatednancial
statements.Theproceduresselecteddependonourjudgment,
includingtheassessmentoftherisksofmaterialmisstatement
oftheconsolidatednancialstatements,whetherduetofraud
orerror.Inmakingthoseriskassessments,weconsiderinternal
controlrelevanttotheentity’spreparationandfairpresentation
oftheconsolidatednancialstatementsinordertodesignaudit
procedures that are appropriate in the circumstances, but not
for the purpose ofexpressingan opinion on the effectiveness
oftheentity’sinternalcontrol.Anauditalsoincludesevaluating
the appropriateness of accounting policies used and the
reasonablenessofaccountingestimatesmadebymanagement,
aswellasevaluatingtheoverallpresentationoftheconsolidated
nancialstatements.
Webelievethattheauditevidencewehaveobtainedissufcient
andappropriatetoprovideabasisforourauditopinion.
Opinion
In our opinion, the consolidated nancial statements present
fairly,inallmaterialrespects,theconsolidatednancialposition
ofCEMEX,S.A.B.deC.V.and subsidiariesasatDecember31,
2013 and 2012, and their consolidated nancial performance
andtheirconsolidatedcashowsfortheyearsendedDecember
31, 2013, 2012 and 2011, in accordance with International
FinancialReportingStandards.
KPMG Cárdenas Dosal, S.C.
Luis Gabriel Ortiz Esqueda
Monterrey,N.L.,Mexico
January31,2014
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