Page 53 - Hoftex Annual Report 2018 EN

Other information
Letter to Shareholders Supervisory Board Report Group Management Report Consolidated Financial Statements Annexes
All other information is the responsibility of the Management Board. Other information includes:
• the statement on corporate governance in Section 3 of the Group management report under section 289f (4) HGB.
• the annual report, with the exception of the audited consolidated financial statements and our auditor’s report.
Other information is beyond the scope of our audit opinion on the consolidated financial statements and the Group management report. As such, we are not providing an audit opinion or any other form of audit conclusions related thereto.
In conjunction with our audit of the consolidated financial statements, we are responsible for reading other information and determining whether this other information
• substantiallydeviatesfromtheconsolidatedfinancialstatements,theGroupmanagementreport or our knowledge gained during the audit or
• inanyotherwayappearstohavebeenpresentedincorrectly.
Responsibility of the Management Board and the Supervisory Board for the consolidated financial statements and Group management report
The Management Board is responsible for preparing the consolidated financial statements, which comply with German commercial law in all material respects, and ensuring that they provide a true and fair view of the Group’s net assets, financial position and results of operations, in accordance with German principles of proper accounting. Management is also responsible for the internal controls it deems necessary in accordance with German principles of proper accounting to enable the pre- paration of consolidated financial statements that are free from material misstatement – whether intentional or unintentional.
When preparing the consolidated financial statements, the Management Board is responsible for determining the Group’s ability to continue as a going concern. It is also responsible for disclosing matters related to its business activities as a going concern provided these are relevant. Beyond this, the Management Board is responsible for balancing the activities of a going concern based on accounting principles, insofar as this does not conflict with actual or legal circumstances.
Moreover, the Management Board is responsible for preparing the Group management report, which provides a true and fair view of the Group's situation, is consistent with the consolidated financial statements in all material respects, complies with German statutory provisions and accurately reflects the opportunities and risks of future growth. Furthermore, the Management Board is responsible for enabling precautions and measures (systems) it deems necessary to prepare the Group management report in accordance with applicable German legal regulations and the ability to provide sufficient, suitable proof of the statements made in the Group management report.
The Supervisory Board is responsible for overseeing the Group’s financial reporting process for preparing the consolidated financial statements and the Group management report.
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