Samsung 2013 Annual Report Download - page 21

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2013 SAMSUNG ELECTRONICS ANNUAL REPORT
REPORT OF
INDEPENDENT AUDITORS
We have audited the accompanying consolidated nancial
statements of Samsung Electronics Co., Ltd. and its
subsidiaries (collectively referred to as the “Company”),
which comprise the consolidated statements of
nancial position as of December 31, 2013 and 2012,
and the related consolidated statements of income,
comprehensive income, changes in equity and cash ow
for the years then ended. These nancial statements
are the responsibility of the Company’s management.
Our responsibility is to express an opinion on these
consolidated nancial statements based on our audit.
We did not audit the nancial statements of certain
subsidiaries, whose nancial statements represents 6.8%
and 7.2% of the consolidated total assets as of December
31, 2013 and 2012, respectively, and 25.6% and 22.1%
of the consolidated revenues for the year then ended,
respectively. Those nancial statements were audited by
other auditors whose reports thereon have been furnished
to us, and our opinion expressed herein, insofar as it
relates to the amounts included for those subsidiaries,
is based solely on the reports of the other auditors.
To the Board of Directors and
Shareholders of
Samsung Electronics Co., Ltd.
This report is effective as of February 11, 2014, the audit report date. Certain subsequent events or circumstances, which may occur between the audit report date
and the time of reading this report, could have a material impact on the accompanying nancial statements and notes thereto. Accordingly, the readers of
the audit report should understand that there is a possibility that the above audit report may have to be revised to reect the impact of such subsequent events or
circumstances, if any.
We conducted our audits in accordance with auditing
standards generally accepted in the Republic of Korea.
Those standards require that we plan and perform
the audit to obtain reasonable assurance about whether
the nancial statements are free of material misstatement.
An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the nancial
statements. An audit also includes assessing the accounting
principles used and signicant estimates made by
management, as well as evaluating the overall nancial
statement presentation. We believe that our audits and
the reports of the other auditors provide a reasonable
basis for our opinion.
In our opinion, based on our audits, the consolidated
nancial statements referred to above present fairly,
in all material respects, the nancial position of Samsung
Electronics Co., Ltd. and its subsidiaries as of December
31, 2013 and 2012, and their nancial performance and
cash ows for the years then ended, in accordance with
International Financial Reporting Standards as adopted by
the Republic of Korea.
Samil PricewaterhouseCoopers
Seoul, Korea
February 11, 2014
Financial Statements