[FINANCIAL STATEMENTS FOR THE YEAR 2001]
To the Members
of the G.I.E. Mar Profundo Girassol:
We have audited the accompanying balance sheets of Mar Profundo Girassol as of December 31, 2001 and
December 31, 2000 and the related statements of income and cash flows for each of the two years in the period
ended December 31, 2001, all expressed in Euros. These financial statements are the responsibility of the
company's management. Our responsibility is to express an opinion on this financial statements based on our
We conducted our audits in accordance with generally accepted auditing standards in France and in the United
States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance
about whether the financial statements are free of material misstatement. 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 principles 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.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial
position of Mar Profundo Girassol as of December 31, 2001 and December 31, 2000, and the results of its
operations and its cash flows for each of the two years in the period ended December 31, 2001 in conformity
with generally accepted accounting principles in France.
Accounting practices used by the company in preparing the accompanying financial statements conform with
generally accepted accounting principles in France, but do not conform in certain respects with accounting
principles generally accepted in the United States of America ("U.S. GAAP"). A description of these differences
and a complete reconciliation of net income to U.S. GAAP is set forth in Note VIII.