Statement, signatures and auditors' report
Statement
by the Management and the Board of Directors
We have today presented the annual report for 2005 for William Demant Holding A/S.
The consolidated financial statements have been prepared in accordance with International Financial Reporting Standards as adopted by the EU, and the Parent Company’s financial statements have been prepared in accordance with the Danish Financial Statements Act and Danish Accounting Standards. Further, the annual report has been prepared in accordance with additional Danish disclosure requirements for annual reports of listed companies.
In our opinion, the accounting policies used are appropriate and the annual report gives a true and fair view of the Group’s and the Parent Company’s assets, liabilities and financial position, result and the Group’s consolidated cash flows.
We present the annual report for approval at the general meeting.
Smørum, 6 March 2006
Board
of Directors:
Niels
Boserup
Chairman |
Lars
Nørby Johansen
Deputy Chairman |
Nils
Smedegaard Andersen
|
Ivan Jørgensen |
Ole Lundsgaard
|
Stig Michelsen
|
Michael Pram Rasmussen |
Auditors’ Report
To the Shareholders of William Demant
Holding A/S
We have audited the annual report of William Demant Holding A/S
for the financial year 2005. The consolidated financial statements have been prepared in accordance with International Financial Re-porting Standards as adopted by the EU, and the Parent Company’s financial statements have been prepared in accordance with the Danish Financial Statements Act and Danish Accounting Standards. Further, the annual report has been prepared in accordance with additional Danish disclosure requirements for annual reports of
listed companies.
The annual report is the responsibility of the Company’s Executive
and Supervisory Boards. Our responsibility is to express an opinion on the annual report based on our audit.
Basis of opinion
We conducted our audit in accordance with Danish Auditing Standards. Those standards require that we plan and perform the audit to obtain reasonable assurance that the annual report is free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the annual report. An audit also includes assessing the accounting policies used and significant estimates made by the Executive and Supervisory Boards, as well as evaluating the overall annual report presentation. We believe that our audit provides a reasonable basis for our opinion.
Our audit did not result in any qualification.
Opinion
In our opinion, the annual report gives a true and fair view of the Group’s financial position at 31 December 2005 and of the results of its operations and cash flows for the financial year 2005 in accordance with International Financial Reporting Standards as adopted by the EU and additional Danish disclosure requirements for annual reports of listed companies.
In addition, in our opinion, the annual report gives a true and fair view of the Parent Company’s financial position at 31 December 2005 and of the results of its operations for the financial year 2005 in accordance with the Danish Financial Statements Act, Danish Accounting Standards and additional Danish disclosure requirements for annual reports of listed companies.
Smørum, 6 March 2006
Deloitte
Statsautoriseret Revisionsaktieselskab
|
KPMG
C.Jespersen
Statsautoriseret
Revisionsinteressentskab |
Lone
Møller Olsen
State-authorised
Public Accountant
(Denmark)
|
Anders
Dons
State-authorised
Public Accountant
(Denmark) |
Søren
Thorup Sørensen
State-authorised
Public Accountant
(Denmark) |
Carsten
Kjær
State-authorised
Public Accountant
(Denmark) |
|
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