The Board and CEO have this day inspected and approved the annual financial statements of BWG Homes ASA (Consolidated and Parent Company) for the calendar year 2009 and at 31 December 2009 (2009 annual report).
The consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS), as endorsed by the EU, and also the disclosure requirements of the Norwegian Accounting Act effective from 31 December 2009. The Parent Company’s annual financial statements have been prepared in accordance with the Norwegian Accounting Act and Norwegian GAAP as at 31 December 2009.
It is our opinion that the 2009 annual financial statements for the Group and Parent Company have been prepared in accordance with applicable accounting standards and that the information and disclosures contained therein give a true and fair picture of the Group’s and Parent Company’s assets, liabilities, financial position and overall financial performance at 31 December 2009.
It is also our opinion that the Directors’ Report for the Group and Parent Company gives a true and fair overview of the Group’s and Parent Company’s development, financial performance and financial position, including the main risk factors to which the Group and Parent Company are exposed.