Page 31 - Nemko - Annual performance - 2021

Auditor’s report

KPMG AS Telephone +47 45 40 40 63
Sørkedalsveien 6 Fax
Postboks 7000 Majorstuen Internet www.kpmg.no
0306 Oslo
Enterprise 935 174 627 MVA

To the General Meeting of Nemko Group AS
Independent Auditor’s Report

Opinion
We have audited the financial statements of Nemko Group AS, which comprise:
• The financial statements of the parent company Nemko Group AS (the Company), which
comprise the balance sheet as at 31 December 2021, the income statement and cash flow
statement for the year then ended, and notes to the financial statements, including a summary
of significant accounting policies, and
• The consolidated financial statements of Nemko Group AS and its subsidiaries (the Group),
which comprise the balance sheet as at 31 December 2021, the income statement and cash
flow statement for the year then ended, and notes to the financial statements, including a
summary of significant accounting policies.
In our opinion:
• the financial statements comply with applicable statutory requirements,
• the financial statements give a true and fair view of the financial position of the Company as at
31 December 2021, and its financial performance and its cash flows for the year then ended in
accordance with the Norwegian Accounting Act and accounting standards and practices
generally accepted in Norway, and
• the financial statements give a true and fair view of the financial position of the Group as at 31
December 2021, and its financial performance and its cash flows for the year then ended in
accordance with the Norwegian Accounting Act and accounting standards and practices
generally accepted in Norway.
Basis for Opinion
We conducted our audit in accordance with 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. We are independent of the Company and the
Group as required by laws and regulations and the International Ethics Standards Board for
Accountants’ International Code of Ethics for Professional Accountants (including International
Independence Standards) (IESBA Code), and we have fulfilled our other ethical responsibilities in
accordance with these requirements. We believe that the audit evidence we have obtained is sufficient
and appropriate to provide a basis for our opinion.
Other Information
The Board of Directors and the Managing Director (management) are responsible for the information
in the Board of Directors’ report. The other information comprises information in the annual report, but
does not include the financial statements and our auditor’s report thereon. Our opinion on the financial
statements does not cover the information in the Board of Directors’ report.
In connection with our audit of the financial statements, our responsibility is to read the Board of
Directors’ report. The purpose is to consider if there is material inconsistency between the Board of
Directors’ report and the financial statements or our knowledge obtained in the audit, or whether the
Board of Directors’ report otherwise appears to be materially misstated. We are required to report if
there is a material misstatement in the Board of Directors’ report. We have nothing to report in this
regard.

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