Registration Document 2016
Parent company financial statements at December 31, 2016
6.5 Statutory auditors’ report on the parent company annual financial statements
Statutory auditors’ report on the parent company
annual financial statements
Fiscal year ended December 31, 2016
To the Shareholders,
In compliance with the assignment entrusted to us by your
Annual General Shareholders’ Meeting, we hereby report to you,
for the fiscal year ended December 31, 2016, on the following:
our audit of the attached parent company annual financial
statements of Ingenico Group SA;
the justification of our assessments;
the specific verifications and information required by law.
These annual financial statements have been adopted by the
Board of Directors. Our role is to express an opinion on these
financial statements, based on our audit.
1. Opinion on the parent company annual
We conducted our audit in accordance with professional standards
applicable in France. Those standards require that we plan and
perform the audit to obtain reasonable assurance about whether
the parent company annual financial statements are free of material
misstatement. An audit includes examining, on a test basis or
through other selection methods, evidence supporting the amounts
and disclosures in the parent company annual financial statements.
An audit also includes assessing the accounting principles used
and significant estimates made by the management, as well as
evaluating the overall financial statements presentation. We believe
that our audit provides a reasonable basis for our opinion.
In our opinion, the parent company annual financial statements give
a true and fair view of the assets, liabilities, financial position and
results of the Company for the preceding fiscal year in accordance
with generally accepted accounting principles in France.
Without qualifying our opinion, we draw your attention to Note 1
“Major events of the period” to the parent company annual financial
statements which presents the partial transfer of assets and
liabilities and spin-off transactions of Ingenico Group SA businesses.
2. Justification of our assessments
In accordance with the requirements of Article L.823-9 of the
French Commercial Code relating to the justification of our
assessments, we bring to your attention the following matters:
In Note 3 to the parent company annual financial statements,
the section entitled “Financial assets” sets forth the
accounting principles and methods used to calculate the
value in use and impairment of equity interests and loans
and advances to subsidiaries and associates.
As part of our assessment of the accounting principles and
methods used by your Company, we verified the suitability
of the accounting principles and methods and the information
provided, and we examined the implementation methods of
the impairment tests, as well as the assumptions used.
The underlying estimates retained for these tests used
assumptions that are uncertain by nature, the realizations may
differ significantly from the forward-looking statements used.
Provisions for litigation and claims are recognized in accordance
with the accounting principles and methods described in the
section entitled “Provisions for litigation and claims” in Note 3
to the parent company annual financial statements.
On the basis of information currently available, we have
reviewed how the provisions have been estimated and we
have verified that the notes to the parent company annual
financial statements provide adequate disclosure.
These assessments were made as part of our audit of the
parent company annual financial statements, taken as a whole,
and therefore contributed to the opinion we formed, which is
expressed in the first part of this report.
3. Specific checks and information
We have also performed the specific verifications required by law,
in accordance with professional standards applicable in France.
We have no matters to report as to the fair presentation and
the consistency with the parent company annual financial
statements of the information given in the management report
of the Board of Directors and in the documents addressed to the
shareholders with respect to the Company’s financial position
and annual financial statements.
With regard to the information given as provided for in
Article L.225-102-1 of the French Commercial Code on the
compensation and benefits paid to the Company’s directors
and executive officers and on commitments made to them, we
verified its consistency with the parent company annual financial
statements or with the data used as a basis for preparing these
financial statements and, where relevant, with the elements
collected by your company from companies controlling your
company or controlled by it. Based on our work, we attest to the
accuracy and fair presentation of this information.
In accordance with French law, we have ensured that the
required information concerning the purchase of equity interests
and controlling interests in the Company and the names of the
holders of shares or voting rights have been properly disclosed
in the management report.
The statutory auditors
Paris-La Défense, February 23, 2017
Department of KPMG SA