To: the shareholders and supervisory board of Enexis Holding N.V..
Our conclusion
We have reviewed the condensed consolidated interim financial statements included in the accompanying interim financial report of Enexis Holding N.V. based in ‘s-Hertogenbosch for the period from 1 January 2024 to 30 June 2024.
Based on our review, nothing has come to our attention that causes us to believe that the condensed consolidated interim financial statements of Enexis Holding N.V. for the period from 1 January 2024 to 30 June 2024, are not prepared, in all material respects, in accordance with IAS 34, “Interim Financial Reporting” as adopted by the European Union.
The condensed consolidated interim financial statements comprises:
The consolidated balance sheet as at 30 June 2024;
The following consolidated statements for the period from 1 January 2024 to 30 June 2024:
the income statement;
the statement of comprehensive income;
the cash flow statement;
the statement of changes in equity.
The notes comprising material accounting policy information and selected explanatory information.
Basis for our conclusion
We conducted our review in accordance with Dutch law, including the Dutch Standard 2410, “Het beoordelen van tussentijdse financiële informatie door de accountant van de entiteit” (Review of interim financial information performed by the independent auditor of the entity). A review of interim financial information in accordance with the Dutch Standard 2410 is a limited assurance engagement. Our responsibilities under this standard are further described in the Our responsibilities for the review of the condensed consolidated interim financial statements section of our report.
We are independent of Enexis Holding N.V. in accordance with the Verordening inzake de onafhankelijkheid van accountants bij assurance-opdrachten (ViO, Code of Ethics for Professional Accountants, a regulation with respect to independence) and other relevant independence regulations in the Netherlands. Furthermore we have complied with the Verordening gedrags- en beroepsregels accountants (VGBA, Dutch Code of Ethics).
We believe the assurance evidence we have obtained is sufficient and appropriate to provide a basis for our conclusion.
Responsibilities of board of directors and the supervisory board for the condensed consolidated interim financial statements
The board of directors is responsible for the preparation and presentation of the condensed consolidated interim financial statements in accordance with IAS 34, “Interim Financial Reporting” as adopted by the European Union. Furthermore, board of directors is responsible for such internal control as it determines is necessary to enable the preparation of the condensed consolidated interim financial statements that are free from material misstatement, whether due to fraud or error.
The supervisory board is responsible for overseeing Enexis Holding N.V.’s financial reporting process.
Our responsibilities for the review of the condensed consolidated interim financial statements
Our responsibility is to plan and perform the review in a manner that allows us to obtain sufficient and appropriate assurance evidence for our conclusion.
The level of assurance obtained in a review engagement is substantially less than the level of assurance obtained in an audit conducted in accordance with the Dutch Standards on Auditing. Accordingly, we do not express an audit opinion.
We have exercised professional judgement and have maintained professional skepticism throughout the review, in accordance with Dutch Standard 2410.
Our review included among others:
Updating our understanding of Enexis Holding N.V. and its environment, including its internal control, and the applicable financial reporting framework, in order to identify areas in the condensed consolidated interim financial statements where material misstatements are likely to arise due to fraud or error, designing and performing analytical and other review procedures to address those areas, and obtaining assurance evidence that is sufficient and appropriate to provide a basis for our conclusion;
Obtaining an understanding of internal control as it relates to the preparation of interim financial information;
Making inquiries of the board of directors and others within Enexis Holding N.V.;
Applying analytical procedures with respect to information included in the condensed consolidated interim financial statements;
Obtaining assurance evidence that the condensed consolidated interim financial statements agree with, or reconcile to, Enexis Holding N.V.’s underlying accounting records;
Evaluating the assurance evidence obtained;
Considering whether there have been any changes in accounting principles or in the methods of applying them and whether any new transactions have necessitated the application of a new accounting principle;
Considering whether the board of directors has identified all events that may require adjustment to or disclosure in the condensed consolidated interim financial statements;
Considering whether the condensed consolidated interim financial statements are prepared in accordance with the applicable financial reporting framework and represents the underlying transactions free from material misstatement
Eindhoven, 24 July 2024
EY Accountants B.V.
P.A.E. Dirks RA