Auditor’s Report
To the General Meeting of Astrup Fearnley AS
Deloitte AS Dronning Eufemias gate 14 Postboks 221 Sentrum NO-0103 OsloAS Deloitte Norway Dronning Eufemias gate 14 Postboks 221 Sentrum Tel: +47 23 27 Oslo 90 00 NO-0103 www.deloitte.no Norway
Tel: +47 23 27 90 00 www.deloitte.no
INDEPENDENT AUDITOR’S REPORT To the General Meeting of Astrup Fearnley AS
INDEPENDENT AUDITOR’S Report on the Audit of the REPORT Financial Statements Opinion We have audited the financial statements of Astrup Fearnley AS showing a profit of NOK 341 783 000 in the financial statements of the parent company andStatements profit of NOK 494 280 000 in the financial statements of the group. The Report on the Audit of the Financial financial Opinion statements comprise: auditedstatements the financial of AstrupAstrup Fearnley AS showing profit of NOK 341comprise 783 000the in the financial •We have The financial ofstatements the parent company Fearnley AS (theaCompany), which balance statements parent company andincome profit of NOK 494and 280cash 000flow in the financialfor statements of the group. The sheet asofatthe 31 December 2020, the statement statement the year then ended, and notesstatements to the financial statements, including a summary of significant accounting policies, and financial comprise: •• The financial of statements ofcompany Astrup Fearnley and its AS subsidiaries (the Group), comprise the The consolidated financial statements the parent AstrupAS Fearnley (the Company), whichwhich comprise the balance balance at 31 December 2020, the income statement andflow cashstatement flow statement foryear the year ended, sheet assheet at 31as December 2020, the income statement and cash for the thenthen ended, and and notes to the financial statements, including a summary significantaccounting accountingpolicies, policies.and notes to the financial statements, including a summary ofof significant
• The consolidated financial statements of Astrup Fearnley AS and its subsidiaries (the Group), which comprise the In our opinion: balance sheet as at 31 December 2020, the income statement and cash flow statement for the year then ended, • The arestatements, prepared inincluding accordance with the law and regulations. and financial notes tostatements the financial a summary of significant accounting policies. • The accompanying financial statements give a true and fair view of the financial position of the Company as at 31opinion: December 2020, and its financial performance and its cash flows for the year then ended in accordance with In our the Norwegian Accounting Act and accounting standards and practices generally accepted in Norway. The accompanying financial statements are prepared accordance with the law regulations. •• The consolidated financialinstatements give a true and and fair view of the financial position of the • Group The accompanying financial statements give a true and fair view of the theended Company as at 31 December 2020, and its financial performance and its cash financial flows forposition the year of then in as at 31 December 2020, and its financial performance its cashstandards flows for and the year thengenerally ended inaccepted accordance accordance with the Norwegian Accounting Act and and accounting practices in with the Norwegian Accounting Act and accounting standards and practices generally accepted in Norway. Norway. • The accompanying consolidated financial statements give a true and fair view of the financial position of the as at 31 December 2020, and its financial performance and its cash flows for the year then ended in BasisGroup for Opinion accordance with theinNorwegian Act and accounting standards and and practices generally accepted in We conducted our audit accordanceAccounting with laws, regulations, and auditing standards practices generally Norway. accepted in Norway, including International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. Basis forindependent Opinion of the Company and the Group as required by laws and regulations, and we have fulfilled our We are We conducted our audit in accordance with laws, regulations, and auditing standards other ethical responsibilities in accordance with these requirements. We believe that theand auditpractices evidencegenerally we have obtained appropriate to provide a basis for opinion. acceptedisinsufficient Norway, and including International Standards on our Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. Other We areinformation independent of the Company and the Group as required by laws and regulations, and we have fulfilled our Management is responsible forinthe other information. other information comprises in the annual other ethical responsibilities accordance with theseThe requirements. We believe thatinformation the audit evidence we have report, except the financial statements and our auditor's thereon. obtained is sufficient and appropriate to provide a basisreport for our opinion. Our opinion on the financial statements does not cover the other information and we do not express any form of Other information assurance conclusion thereon.for the other information. The other information comprises information in the annual Management is responsible
report, except the financial statements and our auditor's report thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider other information materially inconsistent with the statements or our Our opinion on thewhether financialthe statements does notiscover the other information andfinancial we do not express any form of knowledge obtained in the audit or otherwise appears to be materially misstated. assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of member firms, and their related entities (collectively, the “Deloitte organization”). DTTL (also referred to as “Deloitte Global”) and each of its member firms and related entities are legally separate and independent entities, which cannot obligate or bind each other in respect of third parties. DTTL and each DTTL member firm and related entity is liable only for its own acts and omissions, and not those of each other. DTTL does not provide services to clients. Please see www.deloitte.no to learn more.
Registrert i Foretaksregisteret Medlemmer av Den norske Revisorforening Organisasjonsnummer: 980 211 282
© Deloitte AS
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Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of member firms, and their related entities (collectively, the “Deloitte organization”). DTTL (also referred to as “Deloitte Global”) and each of its member firms and related entities are legally separate and independent entities, which cannot obligate or bind each other in respect of third parties. DTTL and each DTTL member firm and related entity is liable only for its own acts and omissions, and not those of each other. DTTL does not provide services to clients. Please see www.deloitte.no to learn more. © Deloitte AS
Registrert i Foretaksregisteret Medlemmer av Den norske Revisorforening Organisasjonsnummer: 980 211 282
