APC 2012 Annual Report Download - page 232

2012 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC230
CONSOLIDATED FINANCIAL STATEMENTS AT DECEMBER31, 2012
5STATUTORY AUDITORS’ REPORT ON THE CONSOLIDATEDFINANCIALSTATEMENTS
•notes 1.19 and 22 describe the method for valuing pensions
and other post-employment obligations. Actuarial valuations
were performed for these commitments. We reviewed the data,
assumptions used, and calculations made, and verifi ed that
adequate disclosure is made in the notes to the consolidated
fi nancial statements;
•note7 “Restructuring costs” states the amount of restructuring
costs recorded in 2012. We verifi ed that, based on currently
available information, these costs concern restructuring measures
initiated or announced before December 31, 2012, for which
provisions have been recorded based on an estimate of the costs
to be incurred. We also reviewed the data and assumptions used
by the Group to make these estimates.
These assessments were made as part of our audit of the
consolidated fi nancial statements taken as a whole, and therefore
contributed to the opinion we formed which is expressed in the fi rst
part of this report.
III. Specific verification
As required by law we have also verifi ed in accordance with
professional standards applicable in France the information
presented in the Group’s man agement report.
We have no matters to report as to its fair presentation and its
consistency with the consolidated fi nancial statements.
Courbevoie and Paris-La Défense, February20, 2013
The Statutory Auditors
French original signed by
MAZARS ERNST & YOUNG
et Autres
David Chaudat Yvon Salaün