5.4
In control statement

In accordance with Best Practice provision 1.4.3 of the Dutch Corporate Governance Code, and taking into account the aforementioned, the Board of Directors states that:

 

  1. the report provides sufficient insights into any failings in the effectiveness of the internal risk management and control systems;
  2. the aforementioned systems provide reasonable assurance that the financial reporting does not contain any material inaccuracies;
  3. based on the current state of affairs, it is justified that the financial reporting is prepared on a going concern basis;
  4. the report provides information on those material risks and uncertainties that are relevant to the expectation of the company’s ability to continue as a going concern for a period of twelve months after the preparation of this report.

With reference to article 5:25c, section 2 sub c, of the Financial Supervision Act and with due observance of the above, and based on the audit of the financial statements by the external auditor, the Board of Directors as a whole and the persons responsible for these matters, Mr. Ton Anbeek (CEO), Mr. Ruben Baldew (CFO) and Mr. Jeroen Both (CSCO) state that, to the best of their knowledge:

  •  the financial statements as included in chapter 6 of this report provide a true representation of the assets, liabilities and the financial position as at 31 December 2018, as well as the profit for the financial year 2018 of Accell Group N.V. and the companies included in the consolidation;
  •  the annual report provides a true representation of the situation on 31 December 2018, and the course of business at Accell Group and at companies included in the consolidation during the 2018 financial year and the annual report includes a description of the material risks Accell Group N.V. faces.  

The Board of Directors wishes to note that the internal risk management and internal control system is intended to identify and control significant risks to which the company is exposed, taking into account the nature and scope of the organisation.

Such a system does not provide absolute certainty that objectives will be realised. Nor is it possible to completely prevent potential material errors, damage, fraud or the violation of statutory regulations. The actual effectiveness of these systems can only be assessed on the basis of the results across a longer period of time.

Board of Directors,

Ton Anbeek (CEO)
Ruben Baldew (CFO)
Jeroen Both (CSCO)