The ATP Group Annual Report 2012

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Management's Review Business Model Risk Pension Hedging and Investment Hedging Investment Administration Social Responsibility The ATP Group Financial StatementsStatement by the Supervisory and Executive BoardsThe Supervisory and Executive Boards have today discussedand adopted the annual report of ATP for the financialyear 1 January to 31 December 2012.The annual report has been prepared in accordance withthe International Financial Reporting Standards (IFRS) asadopted by the EU and in accordance with additional Danishdisclosure requirements as set out in 'Executive Orderon Financial Reporting by the Danish Labour Market SupplementaryPension Scheme and the Supplementary LabourMarket Pension Scheme for Disability Pensioners'(available in Danish only).In our opinion, the consolidated financial statements andparent company financial statements give a true and fairview of the Group’s and ATP’s assets, liabilities and financialposition as at 31 December 2012 and of the financialperformance and cash flows of the Group and ATP for thefinancial year 1 January to 31 December 2012.In our opinion, the management's review also provides atrue and fair description of the development in the Group'sand the Parent Company's operations and financial conditions,and a description of the most significant risks anduncertainties that may affect the Group and the ParentCompany.We recommend that the annual report be adopted by theBoard of Representatives.Copenhagen, 30 January 2013ExecutiveBoard: Henrik Gade Jepsen /Lars Damgaard SørensenSupervisoryBoard:acting CEOJørgen SøndergaardChairman of the SupervisoryBoardChief Financial OfficerTorben Dalby Larsen Kim Graugaard Harald Børsting Lizette RisgaardMember of the SupervisoryMember of the Supervi-Member of the Supervi-Member of the Superviso-Boardsory Boardsory BoardryBoardJørn Neergaard Larsen Martin Damm Ingerlise Buck Kim SimonsenMember of the SupervisoryMember of the Supervi-Member of the Supervi-Member of the Superviso-Boardsory Boardsory BoardryBoardNiels Gotfredsen Vacant Erik Jylling Bente SorgenfreyMember of the SupervisoryMember of the Supervi-Member of the Supervi-Member of the Superviso-Boardsory Boardsory BoardryBoardAdopted by the Board of Representatives.Copenhagen, 30 January 2013Board ofRepresentatives:Jørgen SøndergaardChairman of the Board of RepresentativesThe ATP Group – Annual Report 201268
Management's Review Business Model Risk Pension Hedging and Investment Hedging Investment Administration Social Responsibility The ATP Group Financial StatementsInternal Auditors' ReportTo the Board of RepresentativesAuditors' report on the consolidated financial statementsand parent company financial statementsWe have audited the consolidated financial statements ofthe ATP Group and the financial statements of the ATP ParentCompany for the financial year 1 January to 31 December2012. The consolidated financial statements and parentcompany financial statements have been prepared in accordancewith the International Financial Reporting Standards(IFRS) as adopted by the EU and in accordance withadditional Danish disclosure requirements as set out in ‘ExecutiveOrder on Financial Reporting by the Danish LabourMarket Supplementary Pension Scheme and the SupplementaryLabour Market Pension Scheme for Disability Pensioners’(available in Danish only).Basis of opinionWe conducted our audit in accordance with the Danish FinancialSupervisory Authority's Executive Order on Auditingof the Danish Labour Market Supplementary PensionScheme (ATP), the Labour Market Occupational DiseasesFund (AES), the Employees' Capital Pension Fund (LD) andin accordance with international Auditing Standards. Thosestandards require that we plan and perform our audit to obtainreasonable assurance that the consolidated financialstatements and parent company financial statements arefree from material misstatement.We participated in the audit of risk and other material areas,and we believe the audit evidence we have obtainedis sufficient and appropriate to provide a basis for our auditopinion.Our audit did not result in any qualification.OpinionIn our opinion, the procedures and internal controls established,including the risk management organised by Managementrelevant to the Group's and Parent Company's reportingprocesses and material business risks, are workingsatisfactorily.Furthermore, in our opinion, the consolidated financialstatements and parent company financial statements give atrue and fair view of the Group’s and the Parent Company’sassets, liabilities and financial position as at 31 December2012 and of the financial performance and cash flows of theGroup and the Parent Company for the financial year 1 Januaryto 31 December 2012 in accordance with the InternationalFinancial Reporting Standards (IFRS) as adopted bythe EU and in accordance with additional Danish disclosurerequirements as set out in ’Executive Order on Financial Reportingby the Danish Labour Market Supplementary PensionScheme and the Supplementary Labour Market PensionScheme for Disability Pensioners’ (available in Danish only).The audit was performed in accordance with the divisionof responsibilities agreed with the external auditors and includedan assessment of the procedures and internal controlsestablished, including the risk management organisedby Management relevant to reporting processes and materialbusiness risks. Based on materiality and risk we examined,on a test basis, the basis of amounts and other disclosuresin the consolidated financial statements and parentcompany financial statements. Furthermore, the auditincluded evaluating the appropriateness of the accountingpolicies applied by Management and the reasonablenessof the accounting estimates made by Management, as wellas evaluating the overall presentation of the consolidatedfinancial statements and parent company financial statements.Statement on the management's reviewPursuant to 'Executive Order on Financial Reporting by theDanish Labour Market Supplementary Pension Scheme andthe Supplementary Labour Market Pension Scheme for DisabilityPensioners' (available in Danish only), we have readthe management's review. We have not performed any furtherprocedures in addition to the audit of the consolidatedfinancial statements and parent company financial statements.On this basis, it is our opinion that the information providedin the management's review is consistent with the consolidatedfinancial statements and parent company financialstatements.Copenhagen, 30 January 2013Peter JochimsenChief AuditorThe ATP Group – Annual Report 201269
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Hovedtræk ATP Koncernens hovedtal
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