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How our audit addressed the key audit matter Other information than the annual accounts and
consolidated
accounts
This document also contains other information than
the annual accounts and consolidated accounts and
is found on pages 1–42 and 126–127. The Board of
Directors
and the Chief Executive Officer are responsible
for this other information.
Our opinion on the annual accounts and consolidated
accounts does not cover this other information and
we do not express any form of assurance conclusion
regarding this other information.
In connection with our audit of the annual accounts
and consolidated accounts, our responsibility is to read
the information identified above and consider whether
the information is materially inconsistent with the annual
accounts and consolidated accounts. In this procedure
we also take into account our knowledge otherwise
obtained in the audit and assess whether the information
otherwise appears to be materially misstated.
If we, based on the work performed concerning this
information, conclude that there is a material misstatement
of this other information, we are required to report
that fact. We have nothing to report in this regard.
In order to verify that sales and purchase contracts
are complete, remeasured at market value,
comprise existing contracts and that inventory is
measured at market price, our audit included a
combination of:
- Verification that the recognition of entered
sales and purchase contracts are complete and
measured at market value, and that inventory is
measured at market value.
- Gained an understanding of, and tested, the
internal control aimed at identifying signed sales
and purchase contracts, and the measurement
of these. In addition, we have also tested the
Group’s internal controls for updating and
registering market prices.
- An analytical review has been conducted of the
accounting effects.
- We have also carried out a detailed test, in the
form of random checks, to ensure the existence
and registration of signed sales and purchase
contracts, inbound deliveries of inventory, and
registered market prices.
- In addition, we have assessed the completeness
and correctness of the disclosures presented in
the annual report.