1. The undersigned Maurizio Costa, in his role as deputy chairman and chief executive, and Carlo Maria Vismara, in his role as director responsible for compiling the Company financial documents of Arnoldo Mondadori Editore SpA, certify, in accordance with article 154-bis, paragraphs 3 and 4 of legislative decree no. 58 of 24 February 1998:
- the appropriateness in relation to the characteristics of the Company, and
- the effective application of the administrative and accounting procedures for representing the financial statements during 2010.
2. The evaluation of the appropriateness of the administrative and accounting procedures for representing the financial statements at 31 December 2010 is based on a process established by Arnoldo Mondadori Editore SpA that conforms to the Internal Control – Integrated Framework model issued by the Committee of Sponsoring Organizations of the Treadway Commission, which represents an internationally accepted general reference framework.
3. It is also certified that:
3.1 the financial statements at 31 December 2010:
a) have been compiled in conformity with the applicable International Financial Reporting Standards adopted by the European Union in European Parliament and
Council Regulation 1606/2002 (EC) and with the measures implementing art. 9, legislative decree 38/2005;
b) correspond to the data in the registers and accounting records;
c) provide a true and correct representation of the asset and liability, economic and financial situation of the company.
3.2 the report on the year includes a reliable analysis of the performance and the result and of the situation of the Company and the companies included in the consolidation, together with a description of the main risks and uncertainties to which they are exposed.
21 March 2011
| Deputy chairman and chief executive | Director responsible for compiling the Company financial documents |
|---|---|
|
|
| (Maurizio Costa) | (Carlo Maria Vismara) |