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TO
THE STOCKHOLDERS OF GRUPO FINANCIERO INTERACCIONES, S.A. DE C.V. |
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. Consolidated Balance Sheets as of December 31, 2000 y 1999. Consolidated Statements of Income for the years ended December 31, 2000 and 1999. Consolidated Statements of Changes in Stockholders' Equity for the years ended December 31, 2000 and 1999. Consolidated Statements of Changes in Financial Position for the years ended December 31, 2000 and 1999. Notes to the Consolidated Financial Statements as of December 31, 2000 and 1999. |
We
have audited the consolidated balance sheets of GRUPO FINANCIERO INTERACCIONES,
S. A. DE C. V. AND SUBSIDIARIES as of December 31, 2000 and 1999, their
relative memorandum accounts and the related consolidated statements of
income, changes in stockholders' equity, and changes in financial position,
for the years then ended. These financial statements are the responsibility
of the Group's Management. Our responsibility is to express an opinion on
these financial statements based on our audit. We conducted our audits in accordance with generally accepted auditing standards. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, and are prepared in accordance with the accounting criteria discussed in the following paragraph. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements; an audit also includes assessing the accounting criteria used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. As discussed in note 2, the accompanying financial statements are prepared based on the accounting criteria for Holding Companies of Financial Groups, issued by the National Banking and Securities Commission. These accounting criteria set forth new valuation, recording, and presentation rules for specific captions of the financial statements in order to standardize the practices of holding companies of financial groups with generally accepted accounting principles. Moreover, note 2b) discusses the principal differences between the accounting criteria referred to above and generally accepted accounting principles. In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of Grupo Financiero Interacciones, S. A. de C. V. and Subsidiaries as of December 31, 2000 and 1999, their relative memorandum accounts and results of its operations, changes in stockholders' equity, and changes in financial position for the years then ended, in conformity with the accounting criteria for Holding Companies of Financial Groups set forth by the National Banking and Securities Commission. SALLES, SAINZ - GRANT THORNTON, S. C. C.P.C. Juan C. Salles M.
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