LensCrafters 2011 Annual Report Download - page 269

| 193 >STATUTORY FINANCIAL STATEMENTS - REPORT OF THE STATUTORY AUDITORS
i) on October 25, 2010 the Board of Directors approved the “Procedure on Transactions
with Associated Parties” in fulfillment of the Regulation approved by CONSOB
resolution no. 17221 of March 12, 2010 and subsequent amendments. The Board of
Statutory Auditors believes that the procedures adopted by the company comply with
the aforesaid principles indicated in the CONSOB Regulation;
j) we set meetings with the managers of the Audit Company, also in accordance with
article 150, paragraph 2 of Italian Legislative Decree 58/98 for the regulations provided
for by the Sarbanes Oxley Act, during which no events or situations emerged that must
be highlighted in this report;
k) on April 3, 2012 Deloitte & Touche S.p.A. issued the opinions without remarks in
accordance with article 156 of Italian Legislative Decree 58/1998, for the statutory
financial statement for the fiscal year ending on December 31, 2011 and the consolidated
financial statements of the Group prepared according to IFRS accounting principles.
From these opinion letters it emerges that the financial statements represent a true
and fair view, in accordance with their respectively accounting principles, of the
balance sheet, the financial and economic position, the equity movements and the
cash flows as of December 31, 2011. Furthermore, in accordance with article 156,
paragraph 4–bis of Italian Legislative Decree 58/98, the Audit Company certified that
the Management Report is consistent with the statutory financial statement and the
consolidated financial statements as of December 31, 2011;
l) the Board advised on remuneration in accordance with article 2389, paragraph 3, of
the Italian Civil Code;
m) the company provided information, requested by articles 123–bis and 123 ter of the
Italian consolidated financial law (Testo Unico della Finanza) both in the remuneration
report and in the Corporate Governance Report;
n) we are not aware of any events or complaints that should be mentioned to the
shareholders’ meeting;
o) with reference to the statement in article 36, paragraph 1 of the Markets regulation
(CONSOB resolution no. 16191 of 20 October 2007), we inform that on December 31,
2011 the provisions were applied to the subsidiary companies which the Company
indicated as significant with regard to the financial information control system: in this
respect it has to be stated that no omissions were noted;
p) the Audit company Deloitte & Touche S.p.A., in charge of the audit from the Shareholders’
Meeting held on June 14, 2006, together with the other companies belonging to its
network, were also appointed for the following activities, stated below with their
respective remuneration, as additional job to the activities required by the regulations for
listed companies (audit of the statutory financial statements, the consolidated financial
statements, as well as the limited review of the half-year financial statement and review
of the regular keeping of company accounts during the fiscal year):
(thousands of Euro) Entity providing service Entity receiving service
Fees paid
in 2011
Certification services Deloitte & Touche Luxottica GroupS.p.A. 11
Deloitte & Touche S.p.A Italian subsidiaries 647
Deloitte network Foreign subsidiaries 519
Other audit services Deloitte & Touche S.p.A. Luxottica Group S.p.A. 52
Deloitte & Touche S.p.A. Italian subsidiaries 62
Deloitte network Foreign subsidiaries 37