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B. INDEPENDENT AUDITOR’S REPORT
To the Shareholders of
MYTILINEOS HOLDINGS S.A
Report on the Financial Statements
We have audited the accompanying separate and consolidated financial statements of MYTILINEOS HOLDINGS
SA. (“the Company”) and its subsidiaries, which comprise the corporate and consolidated Statement of
Financial Position as at December 31, 2013 the corporate and consolidated Income Statement, Statement
of Comprehensive Income, Statement of Changes in Equity and Cash Flows for the year then ended and a
summary of significant accounting policies and other explanatory information.
Management’s Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these separate and consolidated
financial statements in accordance with International Financial Reporting Standards as adopted by European
Union, and for such internal control as management determines is necessary to enable the preparation of
individual and consolidated financial statements that are free from material misstatement, whether due to
fraud or error.
Auditor’s Responsibility
Our responsibility is to express an opinion on these separate and consolidated financial statements based on
our audit. We conducted our audit 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 individual and consolidated financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the
individual and consolidated financial statements. The procedures selected depend on the auditor’s judgment,
including the assessment of the risks of material misstatement of the individual and consolidated financial
statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal
control relevant to the entity’s preparation and fair presentation of the individual and 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. 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 individual and 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 separate and consolidated financial statements present fairly, in all material respects, the
financial position of the Company and its subsidiaries as at December 31, 2013, and the financial performance
