To the General Meeting of Polskie Sieci Elektroenergetyczne S.A.
The summary financial statements, which comprise the summary balance sheet and the summary statement of changes in equity as at 31 December 2016, the summary profit and loss account and the summary cash flows for the year then ended and the basis of preparation of summary financial statements are derived from the audited financial statements of Polskie Sieci Elektroenergetyczne S.A. seated in Konstancin-Jeziorna, ul. Warszawska 165 (“the Company”) for the year ended 31 December 2016. We expressed an unmodified audit opinion on those financial statements dated 28 March 2017, with other mater explaining that comparatives were presented based on the financial statements of the Company as at and for the year ended 31 December 2015 were audited by another auditor who expressed an unmodified opinion on those financial statements dated 23 March 2016.
The summary financial statements do not contain all the disclosures required by the Accounting Act dated 29 September 1994 (Official Journal from 2016, item 1047 with amendments) (“the Accounting Act”) and related bylaws, and other applicable regulations. Reading the summary financial statements, therefore, is not a substitute for reading the audited financial statements of Polskie Sieci Elektroenergetyczne S.A.
Management’s Responsibility for the Summary Financial Statements
Management is responsible for the preparation of a summary of the audited financial statements on the basis described on page 4 of the accompanying summary financial statements.
Our responsibility is to express an opinion on the summary financial statements based on our procedures, which were conducted in accordance with International Standard on Auditing 810, Engagements to Report on Summary Financial Statements as adopted by the resolution dated 10 February 2015 of the National Council of Certified Auditors as the National Standard on Assurance 810.
In our opinion, the summary financial statements derived from the audited financial statements of Polskie Sieci Elektroenergetyczne S.A. for the year ended 31 December 2016 are consistent, in all material respects, with those financial statements, on the basis described on page 4 of the accompanying summary financial statements.