ANNUAL REPORT 2021
LUNDBECK
ANNUAL REPORT 2021
= CONTENTS
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INDEPENDENT
AUDITOR'S
REPORTS
To the shareholders of H. Lundbeck A/S
Report on the audit of the financial statements
Our opinion
In our opinion, the consolidated financial statements (pages 51-92) give
a true and fair view of the group's financial position at 31 December
2021 and of the results of the group's operations and cash flows for the
financial year 1 January to 31 December 2021 in accordance with
International Financial Reporting Standards as adopted by the EU and
further requirements in the Danish Financial Statements Act.
Moreover, in our opinion, the Parent company financial statements
(pages 93-103) give a true and fair view of the Parent company's
financial position at 31 December 2021 and of the results of the Parent
company's operations for the financial year 1 January to 31 December
2021 in accordance with the Danish Financial Statements Act.
Our opinion is consistent with our Auditor's Long-form Report to the
Audit Committee and the Board of Directors.
What we have audited
The consolidated financial statements of H. Lundbeck A/S for the
financial year 1 January to 31 December 2021 comprise the
consolidated statement of profit or loss and statement of
comprehensive income, the consolidated statement of financial position,
the consolidated statement of changes in equity, the consolidated
statement of cash flows and the notes, including summary of significant
accounting policies.
The Parent company financial statements of H. Lundbeck A/S for the
financial year 1 January to 31 December 2021 comprise the statement
of profit or loss, the statement of financial position, the statement of
changes in equity, and the notes, including summary of significant
accounting policies.
Collectively referred to as the "financial statements".
Basis for opinion
We conducted our audit in accordance with International Standards on
Auditing (ISAs) and the additional requirements applicable in Denmark.
Our responsibilities under those standards and requirements are further
described in the Auditor's responsibilities for the audit of the financial
statements section of our report.
We believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our opinion.
Independence
We are independent of the Group in accordance with the International
Ethics Standards Board for Accountants' International Code of Ethics
for Professional Accountants (IESBA Code) and the additional ethical
requirements applicable in Denmark. We have also fulfilled our other
ethical responsibilities in accordance with these requirements and the
IESBA Code.
To the best of our knowledge and belief, prohibited non-audit services
referred to in Article 5(1) of Regulation (EU) No 537/2014 were not
provided.
Appointment
We were first appointed auditors of H. Lundbeck A/S on 24 March 2020
for the financial year 2020. We have been reappointed annually by
shareholder resolution for a total period of uninterrupted engagement
of 2 years, including the financial year 2021.
Key audit matters
Key audit matters are those matters that, in our professional judgment,
were of most significance in our audit of the financial statements for
2021. These matters were addressed in the context of our audit of the
financial statements as a whole, and in forming our opinion thereon,
and we do not provide a separate opinion on these matters.View entire presentation