Today, Wavin - Jaarverslag.com

More documents

Recommendations

Info

Wavin Annual Report 2010 | page 142Independent auditors’ reportTo the General Meeting of Shareholders of Wavin N.V.Report on the financial statementsWe have audited the accompanying fi nancial statements 2010 of Wavin N.V., Zwolle as set out on pages 73 to 140 of theAnnual Report. The fi nancial statements include the consolidated fi nancial statements and the company fi nancial statements.The consolidated fi nancial statements comprise the consolidated balance sheet as at 31 December 2010, the consolidatedincome statement, the consolidated statement of comprehensive income, the consolidated statement of changes in equityand the consolidated statement of cash fl ows for the year then ended and the notes, comprising a summary of signifi cantaccounting policies and other explanatory information. The company fi nancial statements comprise the company balancesheet as at 31 December 2010, the company income statement for the year then ended and the notes, comprising asummary of accounting policies and other explanatory information.Management Board’s responsibilityThe Management Board is responsible for the preparation and fair presentation of these fi nancial statements in accordancewith International Financial Reporting Standards as adopted by the European Union and with Part 9 of Book 2 of the DutchCivil Code, and for the preparation of the Management Board Report as set out on pages 16 to 48 in accordance with Part 9of Book 2 of the Dutch Civil Code. Furthermore, the Management Board is responsible for such internal control as itdetermines is necessary to enable the preparation of the fi nancial statements that are free from material misstatement,whether due to fraud or error.Auditor’s responsibilityOur responsibility is to express an opinion on these fi nancial statements based on our audit. We conducted our audit inaccordance with Dutch law, including the Dutch Standards on Auditing. This requires that we comply with ethicalrequirements and plan and perform the audit to obtain reasonable assurance about whether the fi nancial statements are freefrom material misstatement.An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the fi nancialstatements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of materialmisstatement of the fi nancial statements, whether due to fraud or error. In making those risk assessments, the auditorconsiders internal control relevant to the company’s preparation and fair presentation of the fi nancial statements in order todesign audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on theeffectiveness of the company’s internal control. An audit also includes evaluating the appropriateness of accounting policiesused and the reasonableness of accounting estimates made by the Management Board, as well as evaluating the overallpresentation of the fi nancial statements.We believe that the audit evidence we have obtained is suffi cient and appropriate to provide a basis for our audit opinion.Opinion with respect to the consolidated financial statementsIn our opinion, the consolidated fi nancial statements as set out on pages 73 to 128 give a true and fair view of the fi nancialposition of Wavin N.V. as at 31 December 2010, and of its result and its cash fl ows for the year then ended in accordancewith International Financial Reporting Standards as adopted by the European Union and with Part 9 of Book 2 of the DutchCivil Code.Opinion with respect to the company financial statementsIn our opinion, the company fi nancial statements as set out on pages 129 to 140 give a true and fair view of the fi nancialposition of Wavin N.V. as at 31 December 2010, and of its result for the year then ended in accordance with Part 9 of Book 2of the Dutch Civil Code.
Wavin Annual Report 2010 | page 143Report on other legal and regulatory requirementsPursuant to the legal requirement under Section 2: 393 sub 5 at e and f of the Dutch Civil Code, we have no defi ciencies toreport as a result of our examination whether the Management Board Report as set out on pages 16 to 48, to the extent wecan assess, has been prepared in accordance with Part 9 of Book 2 of this Code, and whether the information as requiredunder Section 2: 392 sub 1 at b-h has been annexed. Further we report that the Management Board Report, to the extentwe can assess, is consistent with the fi nancial statements as required by Section 2: 391 sub 4 of the Dutch Civil Code.Amsterdam, 1 March 2011PricewaterhouseCoopers Accountants N.V.Original has been signed by drs. P.C. Dams RA
Page 1:
Annual Report 2010Solutions for Ess
Page 4 and 5:
G H IC➔➔➔Clean & waste waterH
Page 6 and 7:
Wavin Annual Report 2010 | page 2Ke
Page 8 and 9:
History ata glance➔1955Wavin (a c
Page 11 and 12:
Wavin Annual Report 2010 | page 7Fo
Page 13 and 14:
Wavin Annual Report 2010 | page 920
Page 15 and 16:
Wavin Annual Report 2010 | page 11T
Page 18 and 19:
Wavin Annual Report 2010 | page 14R
Page 20 and 21:
Wavin Annual Report 2010 | page 16B
Page 22 and 23:
Wavin Annual Report 2010 | page 18F
Page 24:
Wavin Annual Report 2010 | page 20C
Page 27:
Wavin Annual Report 2010 | page 23O
Page 30 and 31:
Page 32 and 33:
Wavin Annual Report 2010 | page 28m
Page 35 and 36:
Wavin Annual Report 2010 | page 31P
Page 37 and 38:
Wavin Annual Report 2010 | page 33M
Page 39 and 40:
Wavin Annual Report 2010 | page 35S
Page 41 and 42:
Page 43:
Wavin Annual Report 2010 | page 39s
Page 46 and 47:
Page 48 and 49:
Wavin Annual Report 2010 | page 44I
Page 50 and 51:
Wavin Annual Report 2010 | page 46f
Page 52:
Page 55 and 56:
Page 57 and 58:
Wavin Annual Report 2010 | page 53G
Page 59 and 60:
Wavin Annual Report 2010 | page 55W
Page 61 and 62:
Page 63 and 64:
Page 65:
Wavin Annual Report 2010 | page 61W
Page 68 and 69:
Page 70 and 71:
Page 72 and 73:
Wavin Annual Report 2010 | page 68G
Page 74 and 75:
Wavin Annual Report 2010 | page 70I
Page 77 and 78:
Page 79 and 80:
Page 81 and 82:
Page 83 and 84:
Wavin Annual Report 2010 | page 79N
Page 85 and 86:
Page 87 and 88:
Wavin Annual Report 2010 | page 83d
Page 89 and 90:
Wavin Annual Report 2010 | page 85(
Page 91 and 92:
Page 93 and 94:
Wavin Annual Report 2010 | page 89a
Page 95 and 96: Wavin Annual Report 2010 | page 91D
Page 97 and 98: Wavin Annual Report 2010 | page 93i
Page 99 and 100: Wavin Annual Report 2010 | page 95I
Page 101 and 102: Wavin Annual Report 2010 | page 97I
Page 103 and 104: Wavin Annual Report 2010 | page 99T
Page 105 and 106: Wavin Annual Report 2010 | page 101
Page 145: Wavin Annual Report 2010 | page 141
Page 153 and 154: ColophonPublished byWavin N.V.Conce
show all

Today, Wavin - Jaarverslag.com

Create successful ePaper yourself

Delete template?

Save as template?