English - DFDS

DFDS annual report 2009 StatementS 109
Statement by the Executive and Supervisory Boards
The Executive and Supervisory Boards have today discussed and approved the annual report of DFDS A/S for the financial year 1 January - 31 December 2009.
The annual report has been prepared in accordance with International Financial Reporting Standards as adopted by the EU and additional Danish disclosure
requirements in the Danish Financial Statements Act.
It is our opinion that the consolidated financial statements and parent company financial statements give a true and fair view of the Group’s and the parent
company’s financial position at 31 December 2009 and of the results of the Group’s and the parent company’s operations and cash flows for the financial year
1 January - 31 December 2009.
Further, in our opinion, the Management’s review gives a fair review of the development in the Group’s and the parent company’s operations and financial
matters, the results of the Group’s and the parent company’s operations and financial position and describes the material risks and uncertainties affecting the
Group and the parent company.
We recommend that the annual report be approved at the annual general meeting.
Copenhagen, den 9 March 2010
Executive BOard
board of directors
Niels Smedegaard
Managing Director
Torben Carlsen
CFO
Bent Østergaard
Chairman
Vagn Sørensen
Deputy Chairman
Claus Arnhild*
Michael Helbo* Jill Lauritzen Melby Anders Moberg Thomas Mørk* Ingar Skaug Lene Skole
* Board member elected by the employees
Independent auditors’ report
To the shareholders of DFDS A/S
We have audited the consolidated financial statements and the parent company financial statements of DFDS A/S for the financial year 1 January - 31 December
209, pp. 55-108. The consolidated financial statements and the parent company financial statements comprise income statement, statement of comprehensive
income, balance sheet, statement of changes in equity, cash flow statement and notes for the Group as well as for the parent company. The consolidated financial
statements and the parent company financial statements have been prepared in accordance with International Financial Reporting Standards as adopted by the EU
and additional Danish disclosure requirements for listed financial institutions.
In addition to our audit, we have read the Management’s review prepared in accordance with Danish disclosure requirements for listed financial institutions
and issued a statement in this regard.
Management’s responsibility
Management is responsible for the preparation and fair presentation of the consolidated financial statements and parent company financial statements in accordance
with International Financial Reporting Standards as adopted by the EU and additional Danish disclosure requirements for listed financial institutions. This responsibility
includes: designing, implementing and maintaining internal control relevant to the preparation and fair presentation of consolidated financial statements
and parent company financial statements that are free from material misstatement, whether due to fraud or error; selecting and applying appropriate accounting
policies; and making accounting estimates that are reasonable in the circumstances. Further, it is the responsibility of Management to prepare a Management’s
review that gives a fair review in accordance with Danish disclosure requirements for listed financial institutions.
Auditors’ responsibility and basis of opinion
Our responsibility is to express an opinion on the consolidated financial statements and parent company financial statements based on our audit. We conducted
our audit in accordance with Danish Standards on Auditing. Those standards require that we comply with ethical requirements and plan and perform the audit to
obtain reasonable assurance whether the consolidated financial statements and the parent company financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the consolidated financial statements and the parent
company financial statements. The procedures selected depend on the auditors’ judgement, including the assessment of the risks of material misstatement of the
consolidated financial statements and the parent company financial statements, whether due to fraud or error. In making those risk assessments, the auditors
consider internal control relevant to the Company’s preparation and fair presentation of the consolidated financial statements and the parent company financial
statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of
the Company’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates
made by Management, as well as evaluating the overall presentation of the consolidated financial statements and the parent company financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Our audit did not result in any qualification.
Opinion
In our opinion, the consolidated financial statements and the parent company financial statements give a true and fair view of the Group’s and the parent
company’s financial position at 31 December 2009 and of the results of the Group’s and the parent company’s operations and cash flows for the financial year
1 January - 31 December 2009 in accordance with International Financial Reporting Standards as adopted by the EU and additional Danish disclosure requirements
for listed financial institutions.
Statement on the Management’s review
Pursuant to the Danish Financial Statements Act, we have read the Management’s review. We have not performed any other procedures in addition to the audit of
the consolidated financial statements and the parent company financial statements. On this basis, it is our opinion that the information given in the Management’s
review is consistent with the consolidated financial statements and the parent company financial statements.
Copenhagen, 9 March 2010
KPMG
Statsautoriseret Revisionspartnerselskab
Kurt Gimsing
State Authorised Public Accountant
Torben Bender
State Authorised Public Accountant