We audited the consolidated financial statements of the Singulus Technologies AG, Kahl am Main – consisting of consolidated balance sheet, consolidated income statement, consolidated statement of comprehensive income, consolidated change in equity statement, consolidated cash flow statements and notes – as well as the consolidated status report, which is combined with the status report of the Singulus Technologies AG for the business year from January 1 to December 31, 2014. The preparation of the consolidated financial statement and the consolidated status report pursuant to IFRS, as applicable in the EU, and the supplementary commercial law regulations pursuant to Art. 315a Para. 1 HGB is the responsibility of the Executive Board of the company. Our duty is to issue an opinion on the consolidated financial statements and the consolidated status report on the basis of the audit conducted.
We conducted our audit of the consolidated financial statements in accordance with § 317 HGB and German generally accepted standards for the audit of financial statements promulgated by the IDW (Institut der Wirtschaftsprüfer “Institute of Public Accountants“ in Germany). Those standards require that we plan and perform the audit such that misstatements materially affecting the presentation of the net assets, financial position and results of operations in the consolidated financial statements in accordance with the applicable financial reporting framework and in the consolidated status report are detected with reasonable assurance. Knowledge of the business activities and the economic and legal environment of the Group and expectations as to possible misstatements are taken into account in the determination of the audit procedures. The effectiveness of the accounting-related internal control system and the evidence supporting the disclosures in the consolidated financial statements and the consolidated status report are examined on a test basis within the framework of the audit. The audit includes an opinion on the annual financial statements of the companies included in the consolidated financial statements, the scope of consolidation, the applied accounting and consolidation principles and the material assessments of the Executive Board as well as a review of the overall depiction of the consolidated financial statements and the consolidated status report. We believe that our audit provides a reasonable basis for our opinion.
Our audit has not led to any reservations.
Based on the insights from our audit, according to our assessment, the consolidated financial statements comply with IFRS, as applicable in the EU, and with the supplementary commercial law regulations pursuant to Art. 315a Para. 1 HGB and provide a true and fair presentation of the assets, financial and earnings situation in the Group taking into account the above regulations. The consolidated status report is consistent with the consolidated financial statements and as a whole provides a suitable view of the Group’s position and suitably presents the opportunities and risks of future development.
Frankfurt am Main, March 23, 2015
German Public Auditor
German Public Auditor