NWG Annual Report 2019 - EN NWG Annual Report 2019 - EN | Page 130

NWG // FINANCIAL INFORMATION
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, consoli-
dation 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 organiza-
tion is designed so that the accounting, management
of assets and the Company’s financial affairs otherwise
are controlled in a reassuring manner. The CEO 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 adminis-
tration, 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 CEO in any material
respect:
As part of an audit in accordance with generally
accepted auditing standards in Sweden, we exercise
professional judgment and maintain professional
scepticism 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 parti-
cular 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.
Ernst & Young AB, was appointed auditor of
New Wave Group AB by the general meeting of the
shareholders on the May 17, 2019 and has been the
Company’s auditor since May 28, 2007.
Gothenburg, April 2, 2020
Ernst & Young AB
# # 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 reason-
able 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 accor-
dance 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.
130 // ANNUAL REPORT
Nina Bergman
Authorized Public Accountant