KPMG Audit
Département de KPMG S.A.
ERNST & YOUNG Audit Tour First
Tour EQHO
TSA 14444
2 Avenue Gambetta CS 60055
92066 Paris la Défense Cedex France
92037 Paris-La Défense Cedex S.A.S. à capital variable 344 366 315 R.C.S. Nanterre France
Total Capital
Statutory auditors' report on the financial statements
Year ended December 31, 2020
Total Capital S.A.
2, place Jean Millier - La Défense 6 - 92400 Courbevoie - France
This report contains 26 pages
KPMG Audit | ERNST & YOUNG Audit |
cf. version françaiseTour EQHO | Tour First |
2 Avenue Gambetta | TSA 14444 |
CS 60055 | 92037 Paris-La Défense Cedex |
92066 Paris la Défense Cedex | S.A.S. à capital variable |
France | 344 366 315 R.C.S. Nanterre |
France |
This is a translation into English of the statutory auditors' report on the financial statements of the Company issued in French and it is provided solely for the convenience of English-speaking users.
This statutory auditors' report includes information required by European regulation and French law, such as information about the appointment of the statutory auditors or verification of the management report and other documents provided to the shareholders.
This report should be read in conjunction with, and construed in accordance with, French law and professional auditing standards applicable in France.
Total Capital
Registered office: 2, place Jean Millier - La Défense 6 - 92400 Courbevoie - France Share capital: €.300,000
Statutory auditors' report on the financial statements
Year ended December 31, 2020
To the Annual General Meeting of Total Capital,
Opinion
In compliance with the engagement entrusted to us by your Annual General Meetings, we have audited the accompanying financial statements of Total Capital for the year ended December 31, 2020.
In our opinion, the financial statements give a true and fair view of the assets and liabilities and of the financial position of the Company as at December 31, 2020 and of the results of its operations for the year then ended in accordance with French accounting principles.
The audit opinion expressed above is consistent with our report to the Board of Directors acting as Audit Committee.
Basis for Opinion
Audit Framework
We conducted our audit in accordance with professional standards applicable in France. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Our responsibilities under those standards are further described in the Statutory Auditors' Responsibilities for the Audit of the Financial Statements section of our report.
Total Capital
Statutory auditors' report on the financial statements
February 22, 2020
Independence
We conducted our audit engagement in compliance with independence requirements of the French Commercial Code (code de commerce) and the French Code of Ethics (code de déontologie) for statutory auditors for the period from January 1, 2020] to the date of our report and specifically we did not provide any prohibited non-audit services referred to in Article 5(1) of Regulation (EU) No 537/2014.
Justification of Assessments - Key Audit Matters
Due to the global crisis related to the Covid-19 pandemic, the financial statements of this period have been prepared and audited under specific conditions. Indeed, this crisis and the exceptional measures taken in the context of the state of sanitary emergency have had numerous consequences for companies, particularly on their operations and their financing, and have led to greater uncertainties on their future prospects. Those measures, such as travel restrictions and remote working, have also had an impact on the companies' internal organization and the performance of the audits.
It is in this complex and evolving context that, in accordance with the requirements of Articles L.823-9 and R.823-7 of the French Commercial Code (code de commerce) relating to the justification of our assessments, we inform you of the key audit matters relating to risks of material misstatement that, in our professional judgment, were of most significance in our audit of the financial statements of the current period, as well as how we addressed those risks.
We have no key audit matters to communicate in our report.
Specific Verifications
We have also performed, in accordance with professional standards applicable in France, the specific verifications required by laws and regulations.
Information given in the management report and in the other documents with respect to the financial position and the financial statements provided to the shareholders
We have no matters to report as to the fair presentation and the consistency with the financial statements of the information given in the Board of Directors' management report and in the other documents with respect to the financial position and the financial statements provided to the Shareholders.
We attest the fair presentation and the consistency with the financial statements of the information relating to payment deadlines mentioned in Article D. 441-4 of the French Commercial Code (Code de commerce).
Information relating to Corporate Governance
We attest that the section of the management report on corporate governance sets out the information required by Articles L.225-37-4 of the French Commercial Code.
Year ended December 31, 2020
3
Total Capital
Statutory auditors' report on the financial statements
February 22, 2020
Report on Other Legal and Regulatory Requirements
Format of presentation of the financial statements intended to be included in the Annual Financial Report
We have also verified, in accordance with the professional standard applicable in France relating to the procedures performed by the statutory auditor relating to the annual and consolidated financial statements presented in the European single electronic format, that the presentation of the financial statements intended to be included in the annual financial report mentioned in Article L.451-1-2, I of the French Monetary and Financial Code (code monétaire et financier), prepared under the Chief Executive Officer's responsibility of, complies with the single electronic format defined in the European Delegated Regulation No 2019/815 of 17 December 2018.
Based on the work we have performed, we conclude that the presentation of the financial statements intended to be included in the annual financial report complies, in all material respects, with the European single electronic format.
We have no responsibility to verify that the financial statements that will ultimately be included by your company in the annual financial report filed with the AMF are in agreement with those on which we have performed our work.
Appointment of the Statutory Auditors
We were appointed as statutory auditors of Total Capital by the annual general meetings held on May 5, 2011 for KPMG S.A and on March 29, 2006 for ERNST & YOUNG Audit.
As at 31 December, 2020, KPMG S.A was in the 22nd year of total uninterrupted engagement and ERNST & YOUNG Audit was in the 15th year.
Responsibilities of Management and Those Charged with Governance for the Financial Statements
Management is responsible for the preparation and fair presentation of the financial statements in accordance with French accounting and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, management is responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless it is expected to liquidate the Company or to cease operations.
The Board of Directors acting as Audit Committee is responsible for monitoring the financial reporting process and the effectiveness of internal control and risks management systems and where applicable, its internal audit, regarding the accounting and financial reporting procedures.
Year ended December 31, 2020
4
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original document
- Permalink
Disclaimer
Total SA published this content on 26 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 February 2021 18:18:02 UTC.