Page 185 - KELAG Annual Report 2019
P. 185

We have audited the consolidated financial statements of



           and its subsidiaries (“the Group”), which comprise the consolidated statement of financial position as at 31 December
           2019, the consolidated income statement and consolidated statement of comprehensive income, consolidated statement
           of cash flows and consolidated statement of changes in equity for the year then ended, and the notes to the consolidated
           financial statements.

           In our opinion, the consolidated financial statements present fairly, in  all material respects, the consolidated financial
           position of the Group as of 31 December 2019, and its consolidated financial performance and consolidated cash flows for
           the year then ended in accordance with International Financial Reporting Standards (IFRSs) as adopted by the EU, the
           additional requirements pursuant to Section 245a UGB (Austrian Commercial Code).




           We conducted our audit in accordance with the EU Regulation 537/2014 ("AP Regulation") and Austrian Standards on
           Auditing. These standards require the audit to be conducted in accordance with International Standards on Auditing (ISA).
           Our responsibilities under those standards are further described in the "Auditors’ Responsibility" section of our report. We
           are independent of the audited Group in accordance with Austrian company law and professional regulations, and have
           fulfilled our other responsibilities under those relevant ethical requirements. We believe that the audit evidence we have
           obtained is sufficient and appropriate to provide a basis for our audit opinion.




           The audit of the financial statements of  KELAG-Kärntner Elektrizitäts-Aktiengesellschaft as of 31 December  2018 was
           performed by another auditor, who expressed an unqualified audit opinion on the financial statements dated 28 February
           2019.
   180   181   182   183   184   185   186   187   188   189   190