Mattel 2012 Annual Report Download - page 65

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Item 8. Financial Statements and Supplementary Data.
MANAGEMENT’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING
Management is responsible for establishing and maintaining adequate internal control over financial
reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)). Mattel’s management, including Bryan G.
Stockton, its principal executive officer, and Kevin M. Farr, its principal financial officer, evaluated the
effectiveness of Mattel’s internal control over financial reporting using the framework in Internal Control—
Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission. The
scope of management’s evaluation of the effectiveness of internal control over financial reporting does not
include any internal controls of Helium Holdings 1A Ltd, a private limited company existing under the laws of
Jersey, and its subsidiaries (“HIT Entertainment”), which was acquired on February 1, 2012. This exclusion is in
accordance with the SEC’s general guidance that a recently acquired business may be omitted from the scope of
the assessment in the year of acquisition. HIT Entertainment, excluding acquired intangible assets, represented
less than 3% of Mattel’s total assets as of December 31, 2012 and less than 3% of Mattel’s total net sales for the
year ended December 31, 2012. Based on this evaluation, management concluded that Mattel’s internal control
over financial reporting was effective as of December 31, 2012. The effectiveness of the Company’s internal
control over financial reporting as of December 31, 2012 has been audited by PricewaterhouseCoopers LLP, an
independent registered public accounting firm, as stated in their report which appears herein.
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