annual report 2020 - Flipbook - Side 22
INDUSTRIENS PENSIONSFORSIKRING A/S ANNUAL REPORT 2020
INDEPENDENT AUDITORS’ REPORT
Independent auditors’ report
Central matters related to the audit
To the owners of the capital of Industriens
Pensionsforsikring A/S
Our responsibilities under these standards and
requirements are further described in the
‘Auditor's Responsibilities for the audit of the
financial statements’ section.
Central matters related to the audit are the
matters which, according to our professional
judgment, were most significant in our audit of
the financial statements for 2020. These matters
were dealt with as part of our audit of the
financial statements as a whole, and in the
preparation of our opinion on them. We express
no separate opinion on these matters.
Opinion
In our opinion, the financial statements give a fair
presentation of the company's assets, liabilities
and financial position as at 31 December 2020
and of the results of the company's activities for
the financial year 1 January to 31 December
2020, in accordance with the Danish Financial
Business Act.
Our opinion is consistent with our long-form
audit report to the Audit and Risk Committee and
the Board of Directors.
What have we audited?
The financial statements of Industriens
Pensionforsikring A/S for the financial year 1
January to 31 December 2020 comprise the
income statement and comprehensive income
statement, balance sheet, statement of capital
as well as notes, including accounting policies
(hereinafter referred to as the “financial
statements”).
Basis for our opinion
We conducted our audit in accordance with
International Standards on Auditing (ISAs) and
additional requirements applicable in Denmark.
We believe that the audit evidence we have
obtained is sufficient and appropriate to provide
a basis for our opinion.
Independence
We are independent of the company in
accordance with the International Code of Ethics
for Professional Accountants (IESBA Code of
Ethics) and further requirements applicable in
Denmark. We also comply with our other ethical
obligations in accordance with the IESBA Code
of Ethics.
To the best of our knowledge, no prohibited
non-audit services within the meaning of Article
5(1) of Regulation (EU) No. 537/2014 have been
provided.
Election
We were elected as auditors of Industriens
Pensionsforsikring A/S for the first time on 26
April 2016 for the financial year 2016. We have
been re-elected annually by the General
Meeting for total engagement periods of five
consecutive years up to and including the
financial year 2020.
21