Independent auditors report
To the Supervisory Board and Board of Directors of Witteveen+Bos N.V.
In chapter 'Objective 4: Economic value' included summarized annual results 2020 (hereafter: 'the summarised annual results') of Witteveen+Bos N.V. based in Deventer is derived from the audited financial statements 2020 of Witteveen+Bos N.V.
In our opinion the accompanying summarised annual results (excluding the paragraph with elements regarding the employee participation system) are consistent, in all material respects, with the audited financial statements 2020 of Witteveen+Bos N.V. on the basis described in the disclosures.
The summarized annual results comprise:
- The consolidated balance as per 31 December 2020;
- The consolidated profit and loss over 2020;
- The related explanatory information 2020.
Emphasis of matter on the impact of the coronavirus
In the management board report of the financial statements 2020 management describes possible business uncertainties as a result of the coronavirus. This uncertainty may have an impact on leadtimes of projects in 2021 and related management estimates. As a result of the coronavirus, the bandwidth of reasonably possible assumptions underlying these estimates is larger. Our opinion has not been modified in respect of this matter.
Summary financial statements
The summarized annual results do not contain all the disclosures required by Dutch law, title 9 book 2. Reading the summarized annual results and our report thereon, therefore, is not a substitute for reading the audited financial statements of Witteveen+Bos N.V. over 2020 and our auditor’s report dated 25 March 2021. The summary financial statements and the audited financial statements do not reflect the effects of events that occurred subsequent to the date of our auditor's report on those financial statements of 25 March 2021.
The audited financial statements and our auditor's report thereon
We expressed an unmodified audit opinion on the audited financial statements 2020 of Witteveen+Bos N.V. in our auditor's report of 25 March 2021.
Responsibilities of management and the Supervisory Board for summary financial statements
The Board of Directors is responsible for the preparation of the summarized annual results on the basis as described in the disclosures.
The Supervisory Board is responsible for overseeing the company's financial reporting process .
Our responsibility is to express an opinion on whether summarized annual results are consistent, in all material respects, with the audited financial statements based on our procedures, which we conducted in accordance with Dutch law, including the Dutch Standard 810 'Summary financial statements'.
Amsterdam, 9 April 2021
Signed on the original: drs. A.J. Heitink RA