Office Depot 2012 Annual Report Download - page 143

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Independent Auditors’ Report to the Board
of Directors and Stockholders of Office
Depot de México, S. A. de C. V.
We have audited the accompanying consolidated financial statements of Office Depot de México, S. A. de C. V. and its subsidiaries
(the “Company”), which comprise the consolidated balance sheets as of December 31, 2012 and 2011, and the related consolidated
statements of income, changes in stockholders’ equity, and cash flows for the years then ended, and the related notes to the
consolidated financial statements.
M
anagement’s Responsibility for the Consolidated Financial Statements
Management is responsible for the preparation and fair presentation of these consolidated financial statements in accordance with
Mexican Financial Reporting Standards; this includes the design, implementation, and maintenance of internal control relevant to the
preparation and fair presentation of consolidated financial statements that are free from material misstatement, whether due to fraud
or error.
A
uditors’ Responsibility
Our responsibility is to express an opinion on these consolidated financial statements based on our audits. We conducted our audits in
accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and
perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free from material
misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the consolidated financial
statements. The procedures selected depend on the auditor’s 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 Company’s preparation and fair presentation of the consolidated financial statements in order to design
audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the
Company’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of
accounting policies used and the reasonableness of significant accounting estimates made by management, 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.
Opinion
In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of
Office Depot de México, S. A. de C. V. and its subsidiaries as of December 31, 2012 and 2011, and the results of their operations and
their cash flows for the years then ended in accordance with Mexican Financial Reporting Standards.
MFRS vary in certain significant respects from accounting principles generally accepted in the United States of America (“U.S.
GAAP”). Information relating to the nature and effect of such differences is presented in Note 18 to the accompanying consolidated
financial statements.
The accompanying consolidated financial statements have been translated into English for the convenience of readers.
Galaz, Yamazaki, Ruiz Urquiza, S. C.
Member of Deloitte Touche Tohmatsu Limited
/s/ C. P. C. Ma. Isabel Romero Miranda
February 15, 2013
México Cit
y
, México