Page 130 - EVRY Annual Report 2012

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Auditor’s report

Amember firm of Ernst & Young Global Limited

State Authorised Public Accountants

Ernst & Young AS

Dronning Eufemias gate 6, NO-0191 Oslo

Oslo Atrium, P.O.Box 20, NO-0051 Oslo

Business Register: NO 976 389 387 MVA

Tel.: +47 24 00 24 00

Fax: +47 24 00 24 01

www.ey.no

Member of the Norwegian Institute of Public

Accountants

To the Annual Shareholders' Meeting of

EVRY ASA

AUDITOR’S REPORT

Report on the financial statements

We have audited the accompanying financial statements of EVRY ASA, comprising the financial

statements for the Parent Company and the Group. The financial statements of the Parent Company

and the Group comprise the statement of financial position as at 31 December 2012, the statements of

comprehensive income, cash flows and changes in equity for the year then ended as well as a

summary of significant accounting policies and other explanatory information.

The Board of Directors' and Chief Executive Officer's responsibility for the financial statements

The Board of Directors and Chief Executive Officer are responsible for the preparation and fair

presentation of these financial statements in accordance with the Norwegian Accounting Act and

accounting standards and practices generally accepted in Norway for the financial statements of the

Parent Company and the International Financial Reporting Standards as adopted by the EU for the

financial statements of the Group, and for such internal control as the Board of Directors and Chief

Executive Officer determine is necessary to enable the preparation of financial statements that are free

from material misstatement, whether due to fraud or error.

Auditor’s responsibility

Our responsibility is to express an opinion on these financial statements based on our audit. We

conducted our audit in accordance with laws, regulations, and auditing standards and practices

generally accepted in Norway, including International Standards on Auditing. Those standards require

that we comply with ethical requirements and plan and perform the audit to obtain reasonable

assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures

in the financial statements. The procedures selected depend on the auditor’s judgment, including the

assessment of the risks of material misstatement of the financial statements, whether due to fraud or

error. In making those risk assessments, the auditor considers internal control relevant to the entity’s

preparation and fair presentation of the financial statements in order to design audit procedures that

are appropriate in the circumstances, but not for the purpose of expressing an opinion on the

effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of

accounting policies used and the reasonableness of accounting estimates made by management, as

well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for

our audit opinion on the financial statements for the Parent Company and the Group.