Page 108 - InterEnergo - Annual Report 2020
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Interenergo                       Accounting report                                                                    Interenergo                       Accounting report

                           Auditors' Responsibilities for the Audit of the Financial Statements
                           Our objectives are to obtain reasonable   effectiveness of the Company's internal                                      Report on Other Legal and Regulatory Requirements
                           assurance about whether the financial   control;
                           statements as a whole are free from material   -  Evaluate the appropriateness of
                           misstatement, whether due to fraud or error,   accounting policies used and the                                        The Company disclosed the financial   compliance with provisions of the Services of
                           and to issue an auditors’ report that includes   reasonableness of accounting estimates                                statements by activity with notes in the section   General Economic Interest Act (ZGJS).
                           our opinion. Reasonable assurance is a high   and related disclosures made by                                          Company's financial statements by type of
                           level of assurance, but is not a guarantee that   management;                                                          activity in accordance with the Services of   Our responsibility is to examine the adequacy
                           an audit conducted in accordance with ISAs  -  Conclude on the appropriateness of                                      General Economic Interest Act, which include   of criteria and accuracy of their use as required
                           will always detect a material misstatement   management’s use of the going concern                                     the statement of financial position by activity as   under the provisions of ZPFOLERD-1 and
                           when it exists. Misstatements can arise from   basis of accounting and, based on the                                   at 31 December 2020, the statement of profit   whether the Company observed the provisions
                           fraud or error and are considered material if,   audit evidence obtained, whether                                      or loss by activity, and the statement of cash   of the ZGJS in view of disclosures in the
                           individually or in the aggregate, they could   a material uncertainty exists related to                                flows by activity for the year then ended.   financial statements by activity.
                           reasonably be expected to influence the   events or conditions that may cast                                                                               Based on procedures carried out during the
                           economic decisions of users taken on the   significant doubt on the Company’s ability                                  Company's management is responsible for   audit of financial statements, we herewith
                           basis of these financial statements.   to continue as a going concern. If we                                           keeping separate accounting records by   report that the Company disclosed the financial
                           As part of an audit in accordance with ISAs, we   conclude that a material uncertainty exists,                         activity and applying criteria defined in the   statements by activity and that it appropriately
                                                                                                                                                  Transparency of Financial Relations and
                           exercise professional judgment and maintain   we are required to draw attention in our                                 Maintenance of Separate Accounts for   applied the criteria during the compilation of
                           professional scepticism throughout the audit.   auditors’ report to the related disclosures                            Different Activities Act (ZPFOLERD-1) and in   these statements.
                           We also:                               in the financial statements or, if such
                                                                  disclosures are inadequate, to modify our
                           -  Identify and assess the risks of material   opinion. Our conclusions are based on the
                              misstatement of the financial statements,   audit evidence obtained up to the date of
                              whether due to fraud or error, design and   our auditors’ report. However, future
                              perform audit procedures responsive to   events or conditions may cause the
                              those risks, and obtain audit evidence that   Company to cease to continue as a going                               On behalf of audit firm
                              is sufficient and appropriate to provide  concern;
                              a basis for our opinion. The risk of not   -  Evaluate the overall presentation, structure
                              detecting a material misstatement resulting   and content of the financial statements,
                              from fraud is higher than for one resulting   including the disclosures, and whether the                            KPMG SLOVENIJA,
                              from error, as fraud may involve collusion,   financial statements represent the                                    podjetje za revidiranje, d.o.o.
                              forgery, intentional omissions,     underlying transactions and events in
                              misrepresentations, or the override of   a manner that achieves fair presentation.
                              internal control;
                           -  Obtain an understanding of internal control   We communicate with those charged with                                Signed on the Slovenian original    Signed on the Slovenian original
                              relevant to the audit in order to design   governance regarding, among other matters,
                              audit procedures that are appropriate in   the planned scope and timing of the audit and
                              the circumstances, but not for the purpose   significant audit findings, including any                              Matej Ušaj                          Danilo Bukovec
                              of expressing an opinion on the   significant deficiencies in internal control that                                 Certified Auditor                   Certified Auditor
                                                               we identify during our audit.
                                                                                                                                                  Ljubljana, 20 May 2021              KPMG  Slovenija, d.o.o.

                           The Independent Auditor’s Report is a translation of the original Independent Auditor’s Report in Slovene, issued on the financial   The Independent Auditor’s Report is a translation of the original Independent Auditor’s Report in Slovene, issued on the financial
                           statements and the notes thereto in Slovene. This translation is provided for reference purposes only and is not to be signed.  statements and the notes thereto in Slovene. This translation is provided for reference purposes only and is not to be signed.
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