Electrolux 2013 Annual Report Download - page 144

Auditor’s report
Report on the annual accounts and consolidated
accounts
We have audited the annual accounts and consolidated
accounts of AB Electrolux for the year 2013. The annual
accounts and consolidated accounts of the company are
included in the printed version of this document on pages
81–141.
Responsibilities of the Board of Directors and the President
for the annual accounts and consolidated accounts
The Board of Directors and the President are responsible for the
preparation and fair presentation of these annual accounts and
consolidated accounts in accordance with International Finan-
cial Reporting Standards, as adopted by the EU, and the Annual
Accounts Act, and for such internal control as the Board of
Directors and the President determine is necessary to enable
the preparation of annual accounts and consolidated accounts
that are free from material misstatement, whether due to fraud
or error.
Auditor’s responsibility
Our responsibility is to express an opinion on these annual
accounts and consolidated accounts based on our audit. We
conducted our audit in accordance with International Standards
on Auditing and generally accepted auditing standards in Swe-
den. Those standards require that we comply with ethical
requirements and plan and perform the audit to obtain reason-
able assurance about whether the annual accounts and consol-
idated accounts are free from material misstatement.
An audit involves performing procedures to obtain audit evi-
dence about the amounts and disclosures in the annual
accounts and consolidated accounts. The procedures selected
depend on the auditor’s judgment, including the assessment of
the risks of material misstatement of the annual accounts and
consolidated accounts, whether due to fraud or error. In making
those risk assessments, the auditor considers internal control
relevant to the company’s preparation and fair presentation of
the annual accounts and consolidated accounts in order to
design audit procedures that are appropriate in the circum-
stances, but not for the purpose of expressing an opinion on the
effectiveness of the company’s internal control. An audit also
includes evaluating the appropriateness of accounting policies
used and the reasonableness of accounting estimates made by
the Board of Directors and the President, as well as evaluating
the overall presentation of the annual accounts and consoli-
dated accounts.
We believe that the audit evidence we have obtained is suffi-
cient and appropriate to provide a basis for our audit opinion.
Opinions
In our opinion, the annual accounts have been prepared in
accordance with the Annual Accounts Act and present fairly, in
all material respects, the financial position of the Parent Com-
pany as of December 31, 2013, and of its financial performance
and its cash flows for the year then ended in accordance with
the Annual Accounts Act. The consolidated accounts have
been prepared in accordance with the Annual Accounts Act
and present fairly, in all material respects, the financial position
of the Group as of December 31, 2013, and of their financial per-
formance and cash flows for the year then ended in accordance
with International Financial Reporting Standards, as adopted by
the EU, and the Annual Accounts Act. The statutory administra-
tion report is consistent with the other parts of the annual
accounts and consolidated accounts.
We therefore recommend that the annual meeting of share-
holders adopt the income statement and balance sheet for the
Parent Company and the Group.
To the annual meeting of the shareholders of AB Electrolux (publ)
Corporate identity number 556009-4178
auditor’s report
142 ANNUAL REPORT 2013