Sociedad Anónima, Comercial, Industrial
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SOCIEDAD ANÓNIMA, COMERCIAL, INDUSTRIAL, FINANCIERA, INMOBILIARIA Y AGROPECUARIA EINSTEIN 1111 - RIO GRANDE PROVINCE OF TIERRA DEL FUEGO, ANTARCTICA AND SOUTH ATLANTIC ISLANDS CONSOLIDATED AND SEPARATE FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED DECEMBER 31, 2017, PRESENTED JOINTLY WITH THE INDEPENDENT AUDITOR’S REPORT AND THE STATUTORY AUDIT COMMITTEE’S REPORT (Translation into English, originally issued in Spanish) STATUTORY AUDIT COMMITTEE’S REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS To the Shareholders of MIRGOR S.A.C.I.F.I.A. Dear Sirs, 1. As required by the regulations of Reglamento de Listado de Bolsas y Mercados Argentinos S.A. (BYMA), we have examined the letter to the shareholders, inventory and consolidated statement of financial position of MIRGOR S.A.C.I.F.I.A. and its subsidiaries as of December 31, 2017, and the related consolidated statements of comprehensive income, changes in equity, and cash flows for the year ended December 31, 2017. In addition, we have reviewed the related “Supplementary information to the notes to the financial statements required under section 12, Chapter III, Title IV of CNV Standards (as amended in 2013)”, the filing of which is not required by professional accounting standards effective in the Province of Tierra del Fuego, Antártida e Islas del Atlántico Sur, Argentina. Such documentation is the responsibility of the Company’s Board of Directors in performing their exclusive functions. 2. Our work was based on the audit of the financial statements indicated above conducted by the firm Pistrelli, Henry Martin y Asociados S.R.L., in accordance with the international auditing standards issued by the International Auditing and Assurance Standards Board (IASB), and was limited to verifying the fairness of the significant information included in the documents examined, its consistency with the information on corporate decisions entered in minutes, and the compliance of such decisions with the law and by-laws regarding formal and documentary requirements. We did not perform any control over management decisions or performance and, therefore, we did not assess the business decisions or criteria regarding administrative, financial, marketing or production matters, as these are the exclusive responsibility of the Board of Directors. 3 In our opinion, based on our work and the reports dated March 8, 2018, issued by Guillermo E. Bondancia, CPA (a partner of Pistrelli, Henry Martin y Asociados S.R.L.): (a) the accompanying consolidated financial statements for the year ended December 31, 2017, present fairly, in all material respects, the financial position of MIRGOR S.A.C.I.F.I.A. and its subsidiaries, for them to be presented in conformity with the professional accounting standards effective in the Province of Tierra del Fuego, Antarctica and South Atlantic Islands, Argentina, and Argentine General Business Associations Law and the relevant CNV regulations; and (b) the “Supplementary information to the notes to the financial statements required under section 12, Chapter III, Title IV of the CNV Standards (as amended in 2013)”. - 2 - 4. We also report that in compliance with current legal requirements, and exercising the control of legality that is our responsibility, during the year, we applied the remaining procedures described in section No. 294, Law No. 19,550, which we considered necessary under the circumstances, with no findings to report in this regard. 5. The consolidated financial statements for the year ended December 31, 2017, result from books kept, in all formal respects, pursuant to current legal requirements, except as mentioned in the Inventory and Financial Statements Book. 6. In compliance with section 4, Part III, Chapter I, Title XII, CNV standards, we report that: a. The auditor who issued his audit report on the consolidated financial statements represents that he applied the current auditing standards, which include independence and objectivity requirements, and b. This auditor has not made any qualification with regard to the application of the professional accounting standards that contemplate the assessment of MIRGOR S.A.C.I.F.I.A’s accounting policies. 7. We have also reviewed the information on the level of compliance with the Corporate Governance Code included in the Exhibit of the Letter to the Shareholders under “Report on the level of compliance with the Corporate Governance Code” prepared by MIRGOR S.A.C.I.F.I.A’s Board of Directors. Pursuant to the tasks performed and as part of our competence, the information provided has been prepared reliably, in all material respects, pursuant to the requirements under CNV General Resolution No. 606/2012 and section 1, Part I, Chapter I, Title IV, CNV standards. 8. Additionally, we have reviewed the situation of compliance with directors’ guarantees according to Province of Tierra del Fuego IGJ Regulation No. 60/07 and have no findings to mention. 9. We have applied the anti-monetary laundering and anti-terrorist financing procedures provided in the related professional standards issued by the FACPCE (Argentine Federation of Professional Councils in Economic Sciences). Buenos Aires, March 8, 2018 On behalf of Statutory Audit Committee Julio Cueto Rua Statutory auditor STATUTORY AUDIT COMMITTEE’S REPORT ON THE SEPARATE FINANCIAL STATEMENTS To the Shareholders of MIRGOR S.A.C.I.F.I.A. Dear Sirs, 1. As required by the regulations of Reglamento de Listado de Bolsas y Mercados Argentinos S.A. (BYMA), we have examined the letter to the shareholders, inventory and separate statement of financial position of MIRGOR S.A.C.I.F.I.A. as of December 31, 2017, and the related separate statements of comprehensive income, changes in equity, and cash flows for the year then ended. In addition, we have reviewed the related “Supplementary information to the notes to the financial statements required under section 12, Chapter III, Title IV of CNV Standards (as amended in 2013)”, the filing of which is not required by professional accounting standards effective in the Province of Tierra del Fuego, Antártida e Islas del Atlántico Sur, Argentina. Such documentation is the responsibility of the Company’s Board of Directors in performing their exclusive functions. 2. Our work was based on the audit of the financial statements indicated above conducted by the firm Pistrelli, Henry Martin y Asociados S.R.L., in accordance with the international auditing standards issued by the International Auditing and Assurance Standards Board (IASB), and was limited to verifying the fairness of the significant information included in the documents examined, its consistency with the information on corporate decisions entered in minutes, and the compliance of such decisions with the law and by-laws regarding formal and documentary requirements. We did not perform any control over management decisions or performance and, therefore, we did not assess the business decisions or criteria regarding administrative, financial, marketing or production matters, as these are the exclusive responsibility of the Board of Directors. 3. In our opinion, based on our work and the reports dated March 8, 2018, issued by Guillermo E. Bondancia, CPA (a partner of Pistrelli, Henry Martin y Asociados S.R.L.): (a) the accompanying separate financial statements for the year ended December 31, 2017, present fairly, in all material respects, the financial position of MIRGOR S.A.C.I.F.I.A. and its subsidiaries, for them to be presented in conformity with the professional accounting standards effective in the Province of Tierra del Fuego, Antarctica and South Atlantic Islands, Argentina, and Argentine General Business Associations Law and the relevant CNV regulations; and (b) the “Supplementary information to the notes to the financial statements required under section 12, Chapter III, Title IV of the CNV Standards (as amended in 2013)”. - 2 - 4. We also report that in compliance with current legal requirements, and exercising the control of legality that is our responsibility, during the year, we applied the remaining procedures described in section No. 294, Law No. 19,550, which we considered necessary under the circumstances, with no findings to report in this regard. 5. The separate financial statements for the year ended December 31, 2017, result from books kept, in all formal respects, pursuant to current legal requirements, except as mentioned in the Inventory and Financial Statements Book. 6. In compliance with section 4, Part III, Chapter I, Title XII, CNV standards, we report that: a. The auditor who issued his audit report on the separate financial statements represents that he applied the current auditing standards, which include independence and objectivity requirements, and b. This auditor has not made any qualification with regard to the application of the professional accounting standards that contemplate the assessment of MIRGOR S.A.C.I.F.I.A’s accounting policies. 7. We have also reviewed the information on the level of compliance with the Corporate Governance Code included in the Exhibit of the Letter to the Shareholders under “Report on the level of compliance with the Corporate Governance Code” prepared by MIRGOR S.A.C.I.F.I.A’s Board of Directors. Pursuant to the tasks performed and as part of our competence, the information provided has been prepared reliably, in all material respects, pursuant to the requirements under CNV General Resolution No. 606/2012 and section 1, Part I, Chapter I, Title IV, CNV standards. 8. Additionally, we have reviewed the situation of compliance with directors’ guarantees according to Province of Tierra del Fuego IGJ Regulation No. 60/07 and have no findings to mention. 9. We have applied the anti-monetary laundering and anti-terrorist financing procedures provided in the related professional standards issued by the FACPCE (Argentine Federation of Professional Councils in Economic Sciences). Buenos Aires, March 8, 2018 On behalf of Statutory Audit Committee Julio Cueto Rua Statutory auditor Translation into English of the Financial Statements originally issued in Spanish - See Note 23 to the consolidated financial statements.