Precise

  • ?language_menu-print
  • Svenska
  • English

Audit report

To the Annual General Meeting of Precise Biometrics AB (publ), CIN 556545-6596

We have audited the annual accounts, the consolidated accounts and the accounting records, as well as the administration by the board of directors and the President of Precise Biometrics AB (publ) for 2010. The annual accounts includes the section from the Administration  & Corporate Governance Report to the Notes. The board of directors and the President are responsible for the accounting documents and the administration, that the Annual Accounts Act is applied during the preparation of the Annual Report and also that international financial reporting standards (IFRS), as adopted by the EU, and the Annual Accounts Act are adopted during the preparation of the consolidated accounts. Our responsibility is to express an opinion on the annual accounts, the consolidated accounts and the administration based on our audit.

We have conducted our audit in accordance with generally accepted auditing standards in Sweden. Those standards require that we plan and perform the audit to obtain reasonable assurance that the annual accounts and the consolidated accounts are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the accounts. An audit also includes assessing the accounting principles and their application by the board of directors and the President, as well as evaluating the essential estimates made by the board of directors and the President when preparing the annual accounts and the consolidated accounts, including the overall presentation of information in the annual accounts and consolidated accounts. As a basis for our opinion concerning discharge from liability, we have examined significant decisions, actions taken and the circumstances in the Company in order to be able to determine the liability, if any, to the Company of any board member or the President. We also examined whether any board member or the President has, in any other way, acted in contravention of the Companies Act, the Annual Accounts Act or the Articles of Association. We believe that our audit provides a reasonable basis for our opinion set out below.

The Annual Report has been prepared in accordance with the Annual Accounts Act and gives a true and fair view of the Company´s financial position and results of operations in accordance with generally accepted accounting principles in Sweden. The consolidated accounts have been prepared in accordance with inter-national financial reporting standards (IFRS), as adopted by the EU, and the Annual Accounts Act, and give a true and fair view of the group´s financial position and results of operations. A corporate governance report has been established. The Administration report and the corporate governance report is consistent with the other parts of the annual accounts and the consolidated accounts.

We recommend to the annual general meeting of shareholders that the income statements and balance sheets of the parent company and the group's reports on the overall income statements and balance sheet for the group to be adopted, that the loss for the parent company be dealt with in accordance with the proposal in the Administration Report, and that the members of the board of directors and the President be discharged from liability for the fiscal year.

Lund, March 25, 2011

Öhrlings PricewaterhouseCoopers AB

Eva Carlsvi

Authorised Public Accountant
Auditor in charge


Ola Bjärehäll

Authorised Public Accountant

© Precise Biometrics 2011