ANNUAL FINANCIAL STATEMENTS for the financial year from 1 July 2020 to 30 June 2021 Auditor's Responsibilities for the Audit of the Annual Financial Statements and of the Management Report Our objectives are to obtain reasonable assurance statements and of arrangements and measures about whether the annual financial statements as a (systems) relevant to the audit of the whole are free from material misstatement, whether management report in order to design audit due to fraud or error, and whether the management procedures that are appropriate in the report as a whole provides an appropriate view of circumstances, but not for the purpose of the Company's position and, in all material respects, expressing an opinion on the effectiveness of is consistent with the annual financial statements these systems. and the knowledge obtained in the audit, complies – Evaluate the appropriateness of accounting with the German legal requirements and policies used by management and the appropriately presents the opportunities and risks reasonableness of estimates made by of future development, as well as to issue an auditor's management and related disclosures. report that includes our opinions on the annual – Conclude on the appropriateness of management's financial statements and on the management report. use of the going concern basis of accounting and, based on the audit evidence obtained, whether a Reasonable assurance is a high level of assurance, material uncertainty exists related to events or but is not a guarantee that an audit conducted in conditions that may cast significant doubt on the accordance with Section 317 HGB and the EU Audit Company's ability to continue as a going concern. Regulation and in compliance with German If we conclude that a material uncertainty exists, Generally Accepted Standards for Financial we are required to draw attention in the auditor's Statement Audits promulgated by the Institut der report to the related disclosures in the annual Wirtschaftsprüfer (IDW) will always detect a material financial statements and in the management misstatement. Misstatements can arise from fraud report or, if such disclosures are inadequate, to or error and are considered material if, individually modify our respective opinions. Our conclusions or in the aggregate, they could reasonably be are based on the audit evidence obtained up to expected to influence the economic decisions of the date of our auditor's report. However, future users taken on the basis of these annual financial events or conditions may cause the Company to statements and this management report. cease to be able to continue as a going concern. – Evaluate the overall presentation, structure and We exercise professional judgment and maintain content of the annual financial statements, professional skepticism throughout the audit. including the disclosures, and whether the We also: annual financial statements present the – Identify and assess the risks of material underlying transactions and events in a manner misstatement of the annual financial statements that the annual financial statements give a true and of the management report, whether due to and fair view of the assets, liabilities, financial fraud or error, design and perform audit position and financial performance of the procedures responsive to those risks, and obtain Company in compliance with German Legally audit evidence that is sufficient and appropriate Required Accounting Principles. to provide a basis for our opinions. The risk of – Evaluate the consistency of the management not detecting a material misstatement resulting report with the annual financial statements, its from fraud is higher than for one resulting from conformity with [German] law, and the view of error, as fraud may involve collusion, forgery, the Company's position it provides. intentional omissions, misrepresentations, or – Perform audit procedures on the prospective the override of internal controls. information presented by management in the – Obtain an understanding of internal control management report. On the basis of sufficient relevant to the audit of the annual financial appropriate audit evidence we evaluate, in 113