DERICHEBOURG - Universal registration document 2019-2020

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Financial statements Parent company financial statements at September 30, 2020

Responsibilities ofthe independentauditors related tothe audit ofthe annual financial statements Purpose of audit and approach It is our responsibility to prepare a report on the annual financial statements. Our objective is to obtain reasonable assurance that the financial statementstaken as a whole do not containany materialmisstatements.Reasonableassurancecorrespondsto a high level of assurancebut does not guarantee that an audit performed in accordancewith the standards of professional practice can systematicallydetect any material misstatements. Misstatementsmay arise from fraud or error and are considered significant where it can reasonably be expected that they, taken individually or cumulatively,may influencethe economicdecisionsthat users of the financial statementsmake basedon them. As stated in Article L. 823-10-1of the French CommercialCode, our mission to certify the financial statementsdoes not consist of guaranteeingthe viabilityor qualityof the Company’smanagement. As part of an audit conducted in accordancewith the professional standards applicable in France, an independentauditor shall exercise his or her professionaljudgmentthroughoutthis audit.Moreover: he or she shall identify and assess the risks that the annual financial statements contain material misstatements,whether due to fraud or error, ● define and implement audit procedures to address those risks and collect information it considers sufficient and appropriateto form its opinion. The risk that a significant anomaly due to fraud will not be detected is higher than for a significant anomaly due to an error, as the fraud may involvecollusion,falsification,voluntaryomissions,misrepresentationor circumventionof internal controls; he or she shall review the internal controls relevant to the audit in order to define appropriateaudit proceduresunder the circumstances,not to ● expressan opinionon the effectivenessof the internal controls; he or she assesses the appropriatenessof accountingmethodsused and the reasonablenessof the accountingestimatesmade by management,as ● well as the informationconcerningthemprovidedin the annual financial statements; he or she shall assess the appropriatenessof management’s application of the going concern accounting convention and, depending on the ● evidence gathered, the existence or non-existenceof significant uncertainty related to events or circumstances that may call into question the Company’sability to continueas a going concern. Such assessmentshall be based on the informationgatheredup to the date of its report, but it should be noted that subsequent circumstancesor events could jeopardize the continuity of operations. If he or she concludes that there is a significant uncertainty, he or she shall draw the attention of his or her report’s readers to the information provided in the annual financial statementsabout this uncertaintyor, if this informationis not providedor is not relevant, he or she formulatesa qualifiedcertificationor a refusal to certify; he or she shall assess the overall presentationof the annual financial statementsand evaluatewhether the annual financial statementsreflect the ● underlyingtransactionsand events in such a way as to give a true and fair view thereof. Report to the Audit Committee We are submitting to the Audit Committee a report that outlines the scope of the audit and the working program put in place, as well as the conclusionsresulting from our work. We also disclose, where appropriate,the significantweaknessesin the internal controls that we have identified with respect to the proceduresrelatingto the preparationand processingof accountingand financial information. Among the items disclosed in the report to the Audit Committee are the risks of material misstatement, which we deem to have been most significant for the audit of the annual financial statements for the year and, as a result, constitute the key points of the audit, which it is our responsibilityto describein this report. We also provide the Audit Committeewith the declarationdescribed in Article 6 of regulation (EU) No. 537-2014confirmingour independence,as describedin the rules applicablein France as set forth in particular in Articles L. 822-10to L. 822-14of the FrenchCommercialCode and the code of ethics for the independentauditor profession.As needed, we discuss with the Audit Committeethe risks that may affect our independenceand the safeguardingmeasuresapplied.

Paris, Paris and Paris-LaDéfense,December 10,2020

The independentauditors

BM&A

DENJEAN ET ASSOCIÉS AUDIT

ERNST & YOUNG Audit

Eric Seyvos

Clarence Vergote

Pierre Abily

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