Saab 2012 Annual Report Download - page 127

Report on the annual accounts and consolidated accounts
We have audited the annual accounts and consolidated accounts of
SaabAB for the year 2012. The annual accounts and consolidated
accounts of the company are included in the printed version of this
document on pages 44-122.
Responsibilities of the Board of Directors and the Managing Director
for the annual accounts and consolidated accounts
The Board of Directors and the Managing Director are responsible for
the preparation and fair presentation of these annual accounts and
consolidated accounts in accordance with International Financial
Reporting Standards , as adopted by the EU, and the Annual
Accounts Act, and for such internal control as the Board of Directors
and the Managing Director 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 Sweden. Those standards
require that we comply with ethical requirements and plan and per-
form the audit to obtain reasonable assurance about whether the
annual accounts and consolidated accounts are free from material
misstatement.
An audit involves performing procedures to obtain audit evidence
about the amounts and disclosures in the annual accounts and con-
solidated accounts. The procedures selected depend on the audi-
tor’s judgement, 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 prepara-
tion and fair presentation of the annual accounts and consolidated
accounts in order to design audit procedures that are appropriate in
the circumstances, 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 Managing Director, as well as evaluating the
overall presentation of the annual accounts and consolidated
accounts.
We believe that the audit evidence we have obtained is sufcient
and appropriate to provide a basis for our audit opinion.
Opinions
In our opinion, the annual accounts have been prepared in accord-
ance with the Annual Accounts Act and present fairly, in all material
respects, the nancial position of the parent company as of 31
December 2012 and of its nancial performance and its cash ows
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 nancial position of the group as of 31 December 2012 and of
their nancial performance and cash ows for the year then ended in
accordance with International Financial Reporting Standards, as
adopted by the EU, and the Annual Accounts Act. The statutory
administration report is consistent with the other parts of the annual
accounts and consolidated accounts.
We therefore recommend that the annual meeting of shareholders
adopt the income statement and balance sheet for the parent com-
pany and the group.
Report on other legal and regulatory requirements
In addition to our audit of the annual accounts and consolidated
accounts, we have also audited the proposed appropriations of the
company’s prot or loss and the administration of the Board of Direc-
tors and the Managing Director of Saab AB for the year 2012.
Responsibilities of the Board of Directors and the Managing Director
The Board of Directors is responsible for the proposal for appropria-
tions of the company’s prot or loss, and the Board of Directors and
the Managing Director are responsible for administration under the
Companies Act.
Auditor’s responsibility
Our responsibility is to express an opinion with reasonable assurance
on the proposed appropriations of the company’s prot or loss and
on the administration based on our audit. We conducted the audit in
accordance with generally accepted auditing standards in Sweden.
As a basis for our opinion on the Board of Directors’ proposed
appropriations of the company’s prot or loss, we examined the
Board of Directors’ reasoned statement and a selection of support-
ing evidence in order to be able to assess whether the proposal is in
accordance with the Companies Act.
As a basis for our opinion concerning discharge from liability, in
addition to our audit of the annual accounts and consolidated
accounts, we examined signicant decisions, actions taken and cir-
cumstances of the company in order to determine whether any mem-
ber of the Board of Directors or the Managing Director is liable to the
company. We also examined whether any member of the Board of
Directors or the Managing Director has, in any other way, acted in
contravention of the Companies Act, the Annual Accounts Act or the
Articles of Association.
We believe that the audit evidence we have obtained is sufcient
and appropriate to provide a basis for our opinions.
Opinions
We recommend to the annual meeting of shareholders that the prot
be appropriated in accordance with the proposal in the statutory
administration report and that the members of the Board of Directors
and the Managing Director be discharged from liability for the nan-
cial year.
Stockholm 22 February 2013
PricewaterhouseCooopers AB
Håkan Malmström
Authorised Public Accountant
AUDITOR’S REPORT
To the annual meeting of the shareholders of Saab AB, corporate identity number 556036-0793
SAAB ANNUAL REPORT 2012 123
FINANCIAL INFORMATION > AUDIT REPORT