Cemex 2012 Annual Report Download - page 120

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120
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The Board of Directors and Stockholders
CEMEX, S.A.B. de C.V.:
We have audited the accompanying separate financial
statements of CEMEX, S.A.B. de C.V. (“the Company”), which
comprise the balance sheets as at December 31, 2012 and
2011, the statements of operations, comprehensive loss,
changes in stockholders’ equity, and cash flows for the
years ended December 31, 2012, 2011 and 2010, and
notes, comprising a summary of significant accounting
policies and other explanatory information.
Management’s Responsibility for the Separate Financial
Statements
Management is responsible for the preparation and fair
presentation of these separate financial statements
in accordance with International Financial Reporting
Standards, and for such internal control as management
determines is necessary to enable the preparation
of financial statements that are free from material
misstatement, whether due to fraud or error.
Auditors’ Responsibility
Our responsibility is to express an opinion on these separate
financial statements based on our audits. We conducted
our audits in accordance with International Standards on
Auditing. Those standards require that we comply with
ethical requirements and plan and perform the audit to
obtain reasonable assurance about whether the financial
statements are free from material misstatement.
An audit involves performing procedures to obtain audit
evidence about the amounts and disclosures in the
financial statements. The procedures selected depend on
our judgment, including the assessment of the risks of
material misstatement of the financial statements, whether
due to fraud or error. In making those risk assessments, we
consider internal control relevant to the entity’s preparation
and fair presentation of the financial statements in order
Independent
auditors’
report to design audit procedures that are appropriate in the
circumstances, but not for the purpose of expressing an
opinion on the effectiveness of the entity’s internal control.
An audit also includes evaluating the appropriateness
of accounting policies used and the reasonableness of
accounting estimates made by management, as well
as evaluating the overall presentation of the financial
statements.
We believe that the audit evidence we have obtained is
sucient and appropriate to provide a basis for our audit
opinion.
Opinion
In our opinion, the financial statements present fairly, in
all material respects, the unconsolidated financial position
of CEMEX, S.A.B. de C.V. as at December 31, 2012 and
2011, and its unconsolidated financial performance
and its unconsolidated cash flows for the years ended
December 31, 2012, 2011 and 2010, in accordance with
International Financial Reporting Standards.
KPMG Cárdenas Dosal, S.C.
Celin Zorrilla Rizo
Monterrey, N.L., Mexico
February 1st, 2013