NWG // FINANCIAL INFORMATION
We recommend to the general meeting of shareholders that the profit be appropriated in accordance with the proposal in the statutory administration report and that the members of the Board of Directors and the Managing Director be discharged from liability for the financial year .
Basis for opinions
We conducted the audit in accordance with generally accepted auditing standards in Sweden . Our responsibilities under those standards are further described in the Auditor ’ s Responsibilities section . We are independent of the parent company and the group in accordance with professional ethics for accountants in Sweden and have otherwise fulfilled our ethical responsibilities in accordance with these requirements .
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinions .
Responsibilities of the Board of Directors and the Managing Director
The Board of Directors is responsible for the proposal for appropriations of the company ’ s profit or loss . At the proposal of a dividend , this includes an assessment of whether the dividend is justifiable considering the requirements which the company ' s and the group ’ s type of operations , size and risks place on the size of the parent company ' s and the group ’ s equity , consolidation requirements , liquidity and position in general .
The Board of Directors is responsible for the company ’ s organization and the administration of the company ’ s affairs . This includes among other things continuous assessment of the company ’ s and the group ’ s financial situation and ensuring that the company ' s organization is designed so that the accounting , management of assets and the company ’ s financial affairs otherwise are controlled in a reassuring manner . The Managing Director shall manage the ongoing administration according to the Board of Directors ’ guidelines and instructions and among other matters take measures that are necessary to fulfill the company ’ s accounting in accordance with law and handle the management of assets in a reassuring manner .
Auditor ’ s responsibility
Our objective concerning the audit of the administration , and thereby our opinion about discharge from liability , is to obtain audit evidence to assess with a reasonable degree of assurance whether any member of the Board of Directors or the Managing Director in any material respect :
# has undertaken any action or been guilty of any omission which can give rise to liability to the company , or
# in any other way has acted in contravention of the Companies Act , the Annual Accounts Act or the Articles of Association .
Our objective concerning the audit of the proposed appropriations of the company ’ s profit or loss , and thereby our opinion about this , is to assess with reasonable degree of assurance whether the proposal is in accordance with the Companies Act .
Reasonable assurance is a high level of assurance , but is not a guarantee that an audit conducted in accordance with generally accepted auditing standards in Sweden will always detect actions or omissions that can give rise to liability to the company , or that the proposed appropriations of the company ’ s profit or loss are not in accordance with the Companies Act .
As part of an audit in accordance with generally accepted auditing standards in Sweden , we exercise professional judgment and maintain professional skepticism throughout the audit . The examination of the administration and the proposed appropriations of the company ’ s profit or loss is based primarily on the audit of the accounts . Additional audit procedures performed are based on our professional judgment with starting point in risk and materiality . This means that we focus the examination on such actions , areas and relationships that are material for the operations and where deviations and violations would have particular importance for the company ’ s situation . We examine and test decisions undertaken , support for decisions , actions taken and other circumstances that are relevant to our opinion concerning discharge from liability . As a basis for our opinion on the Board of Directors ’ proposed appropriations of the company ’ s profit or loss we examined whether the proposal is in accordance with the Companies Act .
The auditor ’ s examination of the ESEF reports
Opinions
In addition to our audit of the annual accounts and consolidated accounts , we have also examined that the Board of Directors and the Managing Director have prepared the annual accounts and consolidated accounts in a format that enables uniform electronic reporting ( the Esef report ) pursuant to Chapter 16 , Section 4 ( a ) of the Swedish Securities Market Act ( 2007:528 ) for New Wave Group AB for the financial year 2022 .
Our examination and our opinion relate only to the statutory requirements .
In our opinion , the ESEF report has been prepared in a format that , in all material respects , enables uniform electronic reporting .
ANNUAL REPORT // 133