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Auditor’s reports
Proximus NV van publiek recht/Proximus SA de droit public | 31 December 2020
Statutory report of the joint auditors to the shareholders’ meeting of Proximus NV van publiek recht/Proximus SA de droit public for the year ended 31 December 2020 - Consolidated financial statements
In the context of the statutory audit of the consolidated financial statements of Proximus NV van publiek recht/Proximus SA de droit public (“the company”) and its subsidiaries (jointly “the group”), we hereby submit our statutory audit report. This report includes our report on the consolidated financial statements and the other legal and regulatory requirements. These parts should be considered as integral to the report. We, members of the joint auditors, were appointed in our capacity as statutory auditor by the shareholders’ meeting of 17 April 2019, in accordance with the proposal of the board of directors issued upon recommendation of the audit and compliance committee. Our mandate will expire on the date of the shareholders’ meeting deliberating on the financial statements for the year ending 31 December 2021. Deloitte Bedrijfsrevisoren/Réviseurs d’Entreprises has performed the statutory audit of the consolidated financial statements of Proximus NV van publiek recht/Proximus SA de droit public for 11 consecutive years. CDP Petit & Co has performed the statutory audit of the consolidated financial statements of Proximus NV van publiek recht/Proximus SA de droit public for 2 consecutive years.
We have audited the consolidated financial statements of the group, which comprise the consolidated balance sheet as at 31 December 2020, the consolidated income statement, the consolidated statement of other comprehensive income, the consolidated statement of changes in equity and the consolidated cash flow statement for the year then ended, as well as the summary of significant accounting policies and other explanatory notes. The consolidated balance sheet shows total assets of 8 779 million EUR and the consolidated income statement shows a profit for the year then ended of 582 million EUR. In our opinion, the consolidated financial statements give a true and fair view of the group’s net equity and financial position as of 31 December 2020 and of its consolidated results and its consolidated cash flow for the year then ended, in accordance with International Financial Reporting Standards (IFRS) as adopted by the European Union and with the legal and regulatory requirements applicable in Belgium.
Basis for the unqualified opinion
We conducted our audit in accordance with International Standards on Auditing (ISA), as applicable in Belgium. In addition, we have applied the International Standards on Auditing approved by the IAASB applicable to the current financial year, but not yet approved at national level. Our responsibilities under those standards are further described in the “Responsibilities of the joint auditors for the audit of the consolidated financial statements” section of our report. We have complied with all ethical requirements relevant to the statutory audit of consolidated financial statements in Belgium, including those regarding independence. We have obtained from the board of directors and the company’s officials the explanations and information necessary for performing our audit. We believe that the audit evidence obtained is sufficient and appropriate to provide a basis for our opinion.
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Proximus NV van publiek recht/Proximus SA de droit public | 31 December 2020
Other statements
This report is consistent with our additional report to the audit and compliance committee referred to in article 11 of Regulation (EU) No 537/2014. Signed at Brussels.
The joint auditors
Represented by Geert Verstraeten
CDP Petit & Co BV / SRL
Represented by Damien Petit
Deloitte Bedrijfsrevisoren/Réviseurs d’Entreprises Coöperatieve vennootschap met beperkte aansprakelijkheid/ Société coopérative à responsabilité limitée Registered Office: Gateway building, Luchthaven Brussel Nationaal 1 J, B-1930 Zaventem VAT BE 0429.053.863 - RPR Brussel/RPM Bruxelles IBAN BE86 5523 2431 0050 - BIC GKCCBEBB
Member of Deloitte Touche Tohmatsu Limited SRL CDP PETIT & Co Square de l’Arbalète 6 1170 Brussel/Bruxelles België Tel. + 32 2 660 70 46 VAT BE 0670.625.336 www.cdp-partners.be
Proximus SA de droit public / NV van publiek recht | 31 December 2020
Independent auditor’s report on the limited review performed on a selection of non-financial performance indicators published in the document “Integrated Annual Report 2020” of Proximus SA de droit public / NV van publiek recht for the year ended 31 December 2020
To the board of directors We have been engaged to perform limited review procedures aimed at expressing a limited assurance conclusion on a selection of non-financial performance indicators (the “Non-Financial Data”) published in the document “Integrated Annual Report 2020” of Proximus SA de droit public / NV van publiek recht (“Proximus”) for the year ended 31 December 2020. The Non-Financial Data have been defined following the Global Reporting Initiative (GRI) standards and Proximus’ internal non-financial reporting guidelines. The Non-Financial Data have been selected by Proximus management and are as follows: Energy efficiency indices (energy consumption vs total revenue and vs FTE) – Group Electricity (Terajoules) – Group Heating (Terajoules) – Group Vehicle fleet fuel (Terajoules) – Group CO2 emissions scope 1 and 2 (KTons) – Group CO2 emissions scope 1 – heating, refrigerants and fleet fuel (KTons) – Group CO2 emissions scope 2 – electricity – market based method (KTons) – Group CO2 emissions scope 3 – all reported categories – i.e. category 1, 2, 3, 4, 5, 6, 7 and 11 (KTons) – Belgium Waste (KTons) – Belgium % of hazardous waste – Belgium % waste reused/recycled – Belgium Non-hazardous waste – recycled or reused (KTons) – Belgium Non-hazardous waste – with energy recovery (KTons) – Belgium Hazardous waste – recycled or recovered (KTons) – Belgium Number of cases investigated by the investigations department for violation of policies/code of conduct Number of whistleblowing cases Number of job seekers supported by Proximus initiatives in Belgium Percentage of accessible tested devices (at least for 5 disability categories) The scope of our work has been limited to the Non-Financial Data covering the year 2020 and including only the values retained within the scope of reporting defined by Proximus. The reporting scope covers Proximus SA de droit public / NV van publiek recht and its subsidiaries Telindus-ISIT BV, Proximus Luxembourg SA and BICS SA (the “Group”). Our conclusion as formulated below covers therefore only these Non-Financial Data and not all information included in the Integrated Annual Report 2020.
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Proximus SA de droit public / NV van publiek recht | 31 December 2020
Responsibility of the board of directors
The board of directors of Proximus is responsible for the Non-Financial Data and the references made to it presented in the Integrated Annual Report 2020 as well as for the declaration that its reporting meets the requirements of the GRI standards and of Proximus’ internal non-financial reporting guidelines. This responsibility includes the selection and application of appropriate methods for the preparation of the NonFinancial Data, for ensuring the reliability of the underlying information and for the use of assumptions and reasonable estimations. Furthermore, the board of directors is also responsible for the design, implementation and maintenance of systems and procedures relevant for the preparation of the Non-Financial Data.
Nature and scope of our engagement
Our responsibility is to express an independent conclusion on the Non-Financial Data based on our limited review. We conducted our work in accordance with the International Standard on Assurance Engagements (ISAE) 3000 "Assurance Engagements other than Audits or Reviews of Historical Information". Our procedures are aimed at obtaining limited assurance on the fact that the Non-Financial Data do not contain material misstatements. These procedures are less profound than the procedures of a reasonable assurance engagement. The scope of our work included, amongst others, the following procedures: Assessing and testing the design and functioning of the systems and procedures used for data-gathering, processing, classification, consolidation as well as validation of the methods used for calculating and estimating the
Non-Financial Data published in the Integrated Annual Report 2020; Conducting interviews with responsible officers; Examining, on a sample basis, internal and external supporting evidence to validate the reliability of the Non-
Financial Data and performing consistency checks on the consolidation of the Non-Financial Data.
Conclusion
Based on our limited review, as described in this report, nothing has come to our attention that causes us to believe that the Non-Financial Data, as defined above, related to Proximus published in the Integrated Annual Report 2020, have not been prepared, in all material respects, in accordance with the GRI standards and Proximus’ internal nonfinancial reporting guidelines. Signed at Zaventem.
The independent auditor
Represented by Koen Neijens
Deloitte Bedrijfsrevisoren/Réviseurs d’Entreprises Coöperatieve vennootschap met beperkte aansprakelijkheid/Société coopérative à responsabilité limitée Registered Office: Gateway building, Luchthaven Brussel Nationaal 1 J, B-1930 Zaventem VAT BE 0429.053.863 - RPR Brussel/RPM Bruxelles - IBAN BE86 5523 2431 0050 - BIC GKCCBEBB
Member of Deloitte Touche Tohmatsu Limited
