Annual Report Samas NV 2008 2009 Annual ... - Alle jaarverslagen

47 Independent auditor’s report to the shareholdersof Samas N.V.To the General Meeting of shareholders of Samas N.V.Auditor’s reportReport on the financial statementsWe have audited the accompanying financial statements for the year ended 31 March2009 of Samas N.V., as set out on pages 35 to 88. The financial statements consistof the consolidated financial statements and the company financial statements.The consolidated financial statements comprise the consolidated balance sheetas at 31 March 2009, the consolidated profit and loss account, statement of changesin equity and cash flow statement for the year ended 31 March 2009, and a summaryof significant accounting policies and other explanatory notes. The company financialstatements comprise the company balance sheet as at 31 March 2009, the companyprofit and loss account for the year ended 31 March 2009 and the notes.The Management Board’s responsibilityThe Executive Board of the company is responsible for the preparation and fair presentationof the financial statements in accordance with International Financial ReportingStandards as adopted by the European Union and with Part 9 of Book 2 of the Dutch CivilCode, and for the preparation of the Executive Board report in accordance with Part 9of Book 2 of the Dutch Civil Code. This responsibility includes: designing, implementingand maintaining internal control relevant to the preparation and fair presentation of thefinancial statements that are free from material misstatement, whether due to fraudor error; selecting and applying appropriate accounting policies; and making accountingestimates that are reasonable in the circumstances.S a m a s2 0 0 82 0 0 991Auditor’s responsibilityOur responsibility is to express an opinion on the financial statements based on ouraudit. We conducted our audit in accordance with Dutch law. This law requires that wecomply with ethical requirements and plan and perform the audit to obtain reasonableassurance as to whether the financial statements are free from material misstatement.An audit involves performing procedures to obtain audit evidence about the amounts anddisclosures in the financial statements. The procedures selected depend on the auditor’sjudgment, including the assessment of the risks of material misstatement of the financialstatements, whether due to fraud or error. In making those risk assessments, the auditorconsiders internal control relevant to the company’s preparation and fair presentationof the financial statements in order to design audit procedures that are appropriate in thecircumstances, but not for the purpose of expressing an opinion on the effectiveness ofthe company’s internal control. An audit also includes evaluating the appropriatenessof accounting policies used and the reasonableness of accounting estimates madeby the Executive Board, as well as evaluating the overall presentation of the financialstatements.