Statements
NTGꢁAnnual Report 2021ꢁ|ꢁ81
In preparing the Financial Statements, Management is responsi-
ble for assessing the Group’s and the Parent Company’s ability
to conꢀnue as a going concern, disclosing, as applicable, maꢂers
related to going concern and using the going concern basis of
accounꢀng unless Management either intends to liquidate the
Group or the Parent Company or to cease operaꢀons, or has no
realisꢀc alternaꢀve but to do so.
·
Obtain an understanding of internal control relevant to the
audit in order to design audit procedures that are appropriate
in the circumstances, but not for the purpose of expressing
an opinion on the effecꢀveness of the Group’s and the Parent
Company’s internal control.
We communicate with those charged with governance regarding,
among other maꢂers, the planned scope and ꢀming of the audit
and significant audit findings, including any significant deficien-
cies in internal control that we idenꢀfy during our audit.
We also provide those charged with governance with a statement
that we have complied with relevant ethical requirements regard-
ing independence, and to communicate with them all relaꢀon-
ships and other maꢂers that may reasonably be thought to bear
on our independence and, where applicable, acꢀons taken to
eliminate threats or safeguards applied.
·
·
Evaluate the appropriateness of accounꢀng policies used and
the reasonableness of accounꢀng esꢀmates and related disclo-
sures made by Management.
Auditor’s responsibiliꢀes for the audit of the
Financial Statements
Our objecꢀves are to obtain reasonable assurance about whether
the Financial Statements as a whole are free from material
misstatement, whether due to fraud or error, and to issue an audi-
tor’s report that includes our opinion. Reasonable assurance is a
high level of assurance, but is not a guarantee that an audit con-
ducted in accordance with ISAs and the addiꢀonal requirements
applicable in Denmark will always detect a material misstatement
when it exists. Misstatements can arise from fraud or error and
are considered material if, individually or in the aggregate, they
could reasonably be expected to influence the economic deci-
sions of users taken on the basis of these Financial Statements.
Conclude on the appropriateness of Management’s use of
the going concern basis of accounꢀng and based on the audit
evidence obtained, whether a material uncertainty exists
related to events or condiꢀons that may cast significant doubt
on the Group’s and the Parent Company’s ability to conꢀnue
as a going concern. If we conclude that a material uncertainty
exists, we are required to draw aꢂenꢀon in our auditor’s report
to the related disclosures in the Financial Statements or, if
such disclosures are inadequate, to modify our opinion. Our
conclusions are based on the audit evidence obtained up to the
date of our auditor’s report. However, future events or condi-
ꢀons may cause the Group or the Parent Company to cease to
conꢀnue as a going concern.
From the maꢂers communicated with those charged with govern-
ance, we determine those maꢂers that were of most significance
in the audit of the Financial Statements of the current period and
are therefore the key audit maꢂers. We describe these maꢂers in
our auditor’s report unless law or regulaꢀon precludes public dis-
closure about the maꢂer or when, in extremely rare circumstanc-
es, we determine that a maꢂer should not be communicated in
our report because the adverse consequences of doing so would
reasonably be expected to outweigh the public interest benefits
of such communicaꢀon.
As part of an audit in accordance with ISAs and the addiꢀonal
requirements applicable in Denmark, we exercise professional
judgement and maintain professional scepꢀcism throughout the
audit. We also:
Report on compliance with the ESEF Regulaꢀon
·
·
Evaluate the overall presentaꢀon, structure and content of the
Financial Statements, including the disclosures, and whether
the Financial Statements represent the underlying transacꢀons
and events in a manner that gives a true and fair view.
As part of our audit of the Financial Statements we performed
procedures to express an opinion on whether the annual report
of NTG Nordic Transport Group A/S for the financial year 1
January to 31 December 2ꢆ21 with the filename NTG-2ꢆ21-
12-31-en.zip is prepared, in all material respects, in compliance
with the Commission Delegated Regulaꢀon (EU) 2ꢆ19/815 on
the European Single Electronic Format (ESEF Regulaꢀon) which
includes requirements related to the preparaꢀon of the annual
report in XHTML format and iXBRL tagging of the Consolidated
Financial Statements.
·
Idenꢀfy and assess the risks of material misstatement of the
Financial Statements, whether due to fraud or error, design
and perform audit procedures responsive to those risks, and
obtain audit evidence that is sufficient and appropriate to
provide a basis for our opinion. The risk of not detecꢀng a ma-
terial misstatement resulꢀng from fraud is higher than for one
resulꢀng from error, as fraud may involve collusion, forgery,
intenꢀonal omissions, misrepresentaꢀons, or the override of
internal control.
Obtain sufficient appropriate audit evidence regarding the fi-
nancial informaꢀon of the enꢀꢀes or business acꢀviꢀes within
the Group to express an opinion on the Consolidated Financial
Statements. We are responsible for the direcꢀon, supervision
and performance of the group audit. We remain solely respon-
sible for our audit opinion.
