Gabriel_Annual_Report_2024-25 - Flipbook - Page 104
CONTENTS // CONSOLIDATED FINANCIAL STATEMENTS AND PARENT COMPANY FINANCIAL STATEMENTS // INDEPENDENT AUDITOR'S REPORT
Statement on the management commentary
Management is responsible for the management commentary.
Our opinion on the financial statements does not cover
the management commentary, and we do not as part
of the audit express any form of assurance conclusion
thereon.
In connection with our audit of the financial statements,
our responsibility is to read the management commentary and, in doing so, consider whether the management
commentary is materially inconsistent with the financial
statements or our knowledge obtained during the audit,
or otherwise appears to be materially misstated.
Moreover, it is our responsibility to consider whether the
management commentary provides the information
required by relevant law and regulations. This does not
include the requirements in section 99a of the Danish
Financial Statements Act related to the sustainability statement covered by the separate auditor’s limited
assurance report.
Based on the work we have performed, we conclude
that the management commentary is in accordance
with the financial statements and has been prepared
in accordance with the relevant legislation except for
the requirements in section 99a of the Danish Financial
Statements Act related to the sustainability statement,
see above. We did not identify any material misstatement of the management commentary.
Management’s responsibility for
the financial statements
Management is responsible for the preparation of financial statements that give a true and fair view in accordance with the IFRS Accounting Standards as adopted
by the EU and additional requirements in the Danish
Financial Statements Act and for such internal control
as management determines is necessary to enable the
preparation of financial statements that are free from
material misstatement, whether due to fraud or error.
In preparing the financial statements, management is
responsible for assessing the Group’s and the parent
company's ability to continue as a going concern, disclosing, as applicable, matters related to a going concern
and using the going concern basis of accounting in
preparing the financial statements, unless management either intends to liquidate the Group or the parent
company or to cease operations, or has no realistic
alternative but to do so.
Auditor’s responsibilities for
the audit of the financial statements
Our objectives are to obtain reasonable assurance as
to whether the financial statements as a whole are free
from material misstatement, whether due to fraud or
error, and to issue an auditor’s report that includes our
opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in
accordance with ISAs and the additional requirements
applicable in Denmark will always detect a material misstatement when it exists. Misstatements can arise from
fraud or error and are considered material if, individually
or in the aggregate, they could reasonably be expected
to influence the economic decisions of users taken on the
basis of these financial statements.
As part of an audit conducted in accordance with ISAs
and the additional requirements applicable in Denmark,
we exercise professional judgment and maintain professional scepticism throughout the audit. We also:
• identify and assess the risks of material misstatement
of the financial statements, whether due to fraud or
error. We design and perform audit procedures responsive to those risks, and obtain audit evidence that
is sufficient and appropriate to provide a basis for our
opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery,
intentional omissions, misrepresentations, or the override of internal control.
• obtain an understanding of internal control relevant
to the audit 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 Group’s and the parent company’s internal control.
• evaluate the appropriateness of the accounting policies used and the reasonableness of the accounting
estimates and related disclosures made by the management.
• conclude on the appropriateness of the management’s
use of the going concern basis of accounting in preparing the financial statements and, based on the audit
evidence obtained, whether material uncertainty exists
related to events or conditions that may cast significant
doubt on the Group’s and the parent company’s ability
to continue as a going concern. If we conclude that material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in
the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are
based on the audit evidence obtained up to the date
of our auditor’s report. However, future events or conditions may cause the Group and the parent company
to cease to continue as a going concern.
• evaluate the overall presentation, structure and contents of the financial statements, including note disclosures, and whether the financial statements represent
the underlying transactions and events in a manner
that gives a true and fair view.
• plan and perform the Group audit to obtain sufficient
appropriate audit evidence regarding the financial information of the entities or the business units within the
Group as a basis for forming an opinion on the consolidated financial statements and the parent company
financial statements. We are responsible for the direction, supervision and review of the audit work performed for purposes of the Group audit. We remain
solely responsible for our audit opinion.
We communicate with those charged with governance
regarding the planned scope and timing of the audit
and significant audit findings, including any significant
deficiencies in internal control that we identify during
our audit.
We also provide those charged with governance with a
statement that we have complied with relevant ethical
requirements regarding independence, and communicate to them all relationships and other matters that may
reasonably be thought to bear on our independence, and
where applicable, actions taken to eliminate threats or
safeguards applied.
From the matters communicated to those charged with
governance, we determine those matters that were of
most significance in the audit of the financial statements
of the current period and are therefore the key audit
matters. We describe these matters in our auditor’s report
unless law or regulation precludes public disclosure about
the matter or when, in extremely rare circumstances, we
determine that a matter should not be communicated in
our report because the adverse consequences of doing
so would reasonably be expected to outweigh the public
interest benefits of such communication.
Report on compliance with the ESEF Regulation
As part of our audit of the consolidated financial statements and parent company financial statements of
Gabriel Holding A/S, we performed procedures to express
an opinion on whether the annual report of Gabriel
Holding A/S for the financial year 1 October 2024 - 30
September 2025 with the file name “GABRIEL-2025-0930-da.zip” is prepared, in all material respects, in compliance with the Commission Delegated Regulation (EU)
2019/815 on the European Single Electronic Format (ESEF
Regulation) which includes requirements related to the
preparation of the annual report in XHTML format and
iXBRL-tagging of the consolidated financial statements.
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