Aumentar las entradas y salidas de LEGO EV3 con sensores y actuadores de

of British Sky Broadcasting Group plc

Opinion on the financial statements of British Sky Broadcasting Group plc

In our opinion the consolidated and Parent Company financial statements of British Sky Broadcasting Group plc:

• give a true and fair view of the state of the Group’s and Parent Company’s affairs as at 30 June 2014 and of their profit for the year then ended;

• have been properly prepared in accordance with International Financial Reporting Standards (IFRSs) as adopted by the European Union; and

• have been prepared in accordance with the requirements of the Companies Act 2006 and Article 4 of the IAS Regulation as regards the consolidated financial statements.

The consolidated financial statements comprise the consolidated and company income statements, the consolidated and company statements of comprehensive income, the consolidated and company balance sheets, the consolidated and company cash flow statements, the consolidated and company statements of changes in equity, and the related notes 1 to 31. The financial reporting framework that has been applied in their preparation is applicable law and IFRSs as adopted by the European Union.

Our assessment of risks significant to our audit

There has been no significant change in the Group’s operations nor in our assessment of materiality, therefore the assessed risks of material misstatement described below, which are those that had the greatest effect on the audit strategy, the allocation of resources in the audit, and directing the efforts of the engagement team, are the same risks as in the prior year:

Risk How the scope of our audit responded to the risk

Revenue recognition

The allocation of retail subscription revenue to each element of a bundled transaction requires judgement, as described in the Group’s critical accounting policies and the use of judgement on page 95.

The risk is that inappropriate allocations could lead to non-compliance with accounting standards and inappropriate acceleration or deferral of revenue principally for new customers.

We evaluated management’s revenue recognition policy and assessment in respect of accounting for bundled transactions against relevant accounting standards and guidance, and tested the implementation of the policy.

Our procedures included understanding and testing the operating effectiveness of controls in respect of the Group’s billing, viewing and customer relationship management systems and the reconciliation processes between these systems and with the general ledger accounting system. We also performed substantive analytical procedures over retail subscription revenue streams.

Separate opinion in relation to IFRSs as issued by the IASB As explained in note 1 to the consolidated financial statements, in addition to complying with its legal obligation to apply IFRSs as adopted by the European Union, the Group has also applied IFRSs as issued by the International Accounting Standards Board (IASB).

In our opinion the consolidated financial statements comply with IFRSs as issued by the IASB.

Going Concern

As required by the Listing Rules we have reviewed the Directors’

statement on page 80 that the Group is a going concern.

We confirm that

• we have not identified material uncertainties related to events or conditions that may cast significant doubt on the Group’s ability to continue as a going concern; and

• we have concluded the Director’s use of the going concern basis of accounting in the preparation of the financial statements to be appropriate.

However, because not all future events or conditions can be predicted, this statement is not a guarantee as to the Group’s ability to continue as a going concern.

Independent Auditor’s report

Annual Report 2014

83 British Sky Broadcasting Group plc

Strategic reportGovernanceFinancial statementsShareholder information

Financial statements – Independent Auditor’s report

Risk How the scope of our audit responded to the risk

General entertainment programming

Determining the timing and amount of the recognition of general

entertainment programming expense requires judgement as set out in the Group’s critical accounting policies and the use of judgement on page 96.

The risk identified is that the policy selected and applied by management to expense general entertainment programming does not recognise the cost of inventory in line with the expected value from each broadcast.

We examined the amortisation method for general entertainment programming inventory, taking into account the differing genres of programmes, viewing profiles and industry benchmarks.

Our procedures included;

• Benchmarking management’s policy against industry practice

• Testing the design and implementation of controls over the addition and amortisation of general entertainment programming

• Comparing amortisation profiles against viewing trends from independent source data

• Performing sensitivity analyses to understand the impact of selecting alternative amortisation profiles

• Considering the impact the impact of entertainment programming on brand value, customer acquisition and churn; and

• Evaluating the results of our analysis on both a programme genre and channel basis

Capital expenditure

The assessment and timing of whether assets meet the capitalisation criteria set out in IAS 16 Property, Plant and Equipment and IAS 38 Intangible Assets requires judgement, as well as the selection of appropriate useful economic lives, as set out in the Group’s critical accounting policies and the use of judgement on page 95. In addition, determining whether there is any indication of impairment of the carrying value of assets also requires judgement.

As capital expenditure represents a material cost for the group, there is a risk that expenditure on intangible and tangible non-current assets is inappropriately capitalised against relevant accounting guidance and that assets are not recoverable at their carrying value.

We tested operating effectiveness of controls in respect of the capitalisation of assets and examined carrying values for impairment.

We tested all material and a sample of other capital expenditure projects and examined management’s assessment as to whether the project spend met the recognition criteria set forth in IAS 16 Property, Plant and Equipment and IAS 38 Intangible Assets. Our procedures included understanding the business case for each project, challenging any core assumptions or estimates, verifying capital project

authorisation, tracing project costs to third-party evidence and assessing the useful economic life attributed to the asset.

In addition, we considered whether any indicators of impairment were present by understanding the business rationale for each project and performing independent reviews for indicators of impairment, as well as testing management’s controls to identify impairment of assets.

We reported to the Audit Committee that our audit work on these risks was concluded satisfactorily and their own consideration of these risks is set out on page 54.

Our audit procedures relating to these matters were designed in the context of our audit of the financial statements as a whole, within the context of our assessment of materiality as described below, and not to express an opinion on individual audit risks, individual items or disclosures in the financial statements. Our opinion on the financial statements is not modified with respect to any of the key risks described above, and we do not express an opinion on these individual matters.

Financial statements – Independent Auditor’s report

Independent Auditor’s report

(continued)

Matters on which we are required to report by exception Adequacy of explanations received and accounting records Under the Companies Act 2006 we are required to report to you if, in our opinion

• we have not received all the information and explanations we require for our audit; or

• adequate accounting records have not been kept by the Parent Company, or returns adequate for our audit have not been received from branches not visited by us; or

• the Parent Company financial statements are not in agreement with the accounting records and returns.

We have nothing to report in respect of these matters.

Directors’ remuneration

Under the Companies Act 2006 we are also required to report if, in our opinion, certain disclosures of Directors’ remuneration have not been made or the part of the Directors Remuneration Report to be audited is not in agreement with the accounting records and returns. We have nothing to report arising from these matters.

Corporate Governance Statement

Under the Listing Rules we are also required to review the part of the Corporate Governance Statement relating to the Company’s compliance with nine provisions of the UK Corporate Governance Code. We have nothing to report arising from our review.

Our duty to read other information in the Annual Report Under the International Standards on Auditing (UK and Ireland), we are required to report to you if, in our opinion, information in the Annual Report is:

• materially inconsistent with the information in the audited financial statements; or

• apparently materially incorrect based on, or materially inconsistent with, our knowledge of the Group acquired in the course of performing our audit; or

• otherwise misleading.

In particular, we are required to consider whether we have identified any inconsistencies between our knowledge acquired during the audit and the Directors’ statement that they consider the annual report is fair, balanced and understandable and whether the annual report appropriately discloses those matters that we communicated to the Audit Committee which we consider should have been disclosed.

We confirm that we have not identified any such inconsistencies or misleading statements.

Our assessment of materiality

We define materiality as the magnitude of misstatement that makes it probable that the economic decisions of a reasonably knowledgeable person, relying on the financial statements, would be changed or influenced. We use materiality in both planning the scope of our audit work and in evaluating the results of our work.

We determined materiality for the Group to be £50 million (2013:

£50 million), which is approximately 4% (2013: 4%) of adjusted pre-tax profit, 5% (2013: 5%) of equity and 5% (2013: 4%) of statutory profit before taxation.

We agreed with the Audit Committee that we would report to the Committee all audit differences in excess of £2.5 million (2013:

£2.5 million), as well as differences below that threshold that in our view, warranted reporting on qualitative grounds. We also report to the Audit Committee any significant disclosure matters that we identify when assessing the overall presentation of the financial statements. We confirmed to the Audit Committee that we had no significant disclosure matters to report.

An overview of the scope of our audit

Our audit scope focused on the Group’s UK and Ireland operations, which were subject to a full scope audit for the year ended 30 June 2014. Our audit scope encompasses all principal business units of the Group and substantially all of the Group’s assets, revenue and operating profit. All audit work was performed by the group audit team.

Opinions on other matters prescribed by the Companies Act 2006 In our opinion:

• the information given in the Strategic report and the Directors’

Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

• the part of the Directors’ Remuneration Report to be audited has been properly prepared in accordance with the Companies Act 2006.

Annual Report 2014

85 British Sky Broadcasting Group plc

Strategic reportGovernanceFinancial statementsShareholder information

Financial statements – Independent Auditor’s report

Respective responsibilities of Directors and Auditor Responsibility of Directors for the financial statements

As explained more fully in the Statement of Directors’ responsibilities set out on page 81 the Directors are responsible for the adequacy of the accounting records, the preparation of the financial statements from those records and for being satisfied that the financial statements give a true and fair view.

Auditor’s responsibility

Our responsibility is to audit and express an opinion on the financial statements in accordance with applicable law and International Standards on Auditing (UK and Ireland). Those standards require us to comply with the Auditing Practices Board’s Ethical Standards for Auditors. We confirm that, in our professional judgement, we are independent within the meaning of those standards and our objectivity is not compromised. We also comply with International Standard on Quality Control 1 (UK and Ireland). Our audit methodology and tools aim to ensure that our quality control procedures are effective, understood and applied. Our quality controls and systems include our dedicated professional standards review team, strategically focused second partner reviews and independent partner reviews.

This report is made solely to the Company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006.

Our audit work has been undertaken so that we might state to the Company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Scope of the audit of the financial statements

An audit involves obtaining evidence about the amounts and disclosures in the financial statements sufficient to give reasonable assurance that the financial statements are free from material misstatement whether caused by fraud or error. This includes an assessment of: whether the accounting policies are appropriate to the Group’s circumstances and have been consistently applied and adequately disclosed; the reasonableness of significant accounting estimates made by the directors; and the overall presentation of the financial statements. In addition, we read all the financial and non-financial information in the Annual Report to identify material inconsistencies with the audited financial statements and to identify any information that is apparently materially incorrect based on, or materially inconsistent with, the knowledge acquired by us in the course of performing the audit. If we become aware of any apparent material misstatements or inconsistencies we consider the implications for our report.

William Touche

(Senior Statutory Auditor) for and on behalf of

Deloitte LLP Chartered Accountants and Statutory Auditor London

United Kingdom 25 July 2014

Financial statements – Consolidated financial statements