Investor Presentaiton
137
A.P. Møller-Mærsk A/S Annual Report 2020
Financials
Independent Auditor's Report
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Independent Auditor's
Reports
To the shareholders of A.P. Møller-Mærsk A/S.
Report on the audit of the financial statements
Our opinion
In our opinion, the consolidated financial state-
ments and the parent company financial statements
(pages 64-135 and 144-146, respectively) give a true
and fair view of the Group's and the parent com-
pany's financial position at 31 December 2020 and
of the results of the Group's and the parent com-
pany's operations and cash flows for the financial
year 1 January to 31 December 2020 in accordance
with International Financial Reporting Standards
as adopted by the EU and further requirements in
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 and
parent company financial statements of
A.P. Moller Mærsk A/S for the financial year
1 January to 31 December 2020 comprise income
statement and statement of comprehensive
income, balance sheet, cash flow statement, state-
ment of changes in equity and notes, including
summary of significant accounting policies for the
Group as well as for the parent company. Collec-
tively referred to as the 'financial statements'.
Basis for opinion
We conducted our audit in accordance with Inter-
national 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 state-
ments 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' Code of Ethics for Professional
Accountants (IESBA Code) and the additional
requirements applicable in Denmark. We have
also fulfilled our other ethical responsibilities in
accordance with 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
A.P. Møller-Mærsk A/S on 12 April 2012 for the
financial year 2012. We have been reappointed
annually by shareholder resolution for a total
period of uninterrupted engagement of nine
years including the financial year 2020.
Key audit matters
Key audit matters are those matters that, in our
professional judgement, were of most signifi-
cance in our audit of the financial statements for
2020. These matters were addressed in the con-
text 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