Page 55 - Hoftex Annual Report 2018 EN

if such information is inappropriate, to modify our respective opinion. We draw our conclusions on the basis of the audit evidence obtained up to the date of our audit opinion. Future events or circumstances may, however, result in the Group no longer being able to continue as a going concern.
• we express an opinion on the overall presentation, structure and content of the consolidated financial statements, including the disclosures, and on whether the consolidated financial state- ments present the underlying transactions and events in such a way that the they provide a true and fair view of the net assets, financial position and results of operations of the Group in accordance with German principles of proper accounting.
• we obtain sufficient, suitable audit evidence for the accounting information of the companies or business activities within the Group to express an opinion on the consolidated financial statements and the Group management report. We are responsible for directing, monitoring and performing the audit of the consolidated financial statements. We bear sole responsibility for our audit opinion.
• we assess whether the Group management report is consistent with the consolidated financial statements, whether it conforms to applicable laws and the picture it presents of the Group as a whole.
Letter to Shareholders Supervisory Board Report Group Management Report Consolidated Financial Statements Annexes
• we perform audit procedures on the forward-looking statements presented by the Management Board in the Group management report. On the basis of sufficient, suitable audit evidence, we verify in particular the material assumptions underlying the forward-looking statements made by the Management Board and assess proper inferences made based on the assumptions from these forward-looking statements. We do not express an independent opinion on the forward-looking statements or the underlying assumptions. There is a significant, unavoidable risk that future events will differ materially from the forward-looking statements.
Among other things, we discuss the planned scope and timing of the audit and significant findings of the audit, including any deficiencies in the internal control system that we identify during our audit with the individuals who are responsible for oversight.
Munich, 30 April 2019
Deloitte GmbH
Wirtschaftsprüfungsgesellschaft
Klaus Löffler Tanja Markert Auditor Auditor
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