Financial statements 2020

The Report by the Managing Board and the financial statements for 2020 were submitted by the Managing Board to the Supervisory Board, in accordance with the provisions of Article 30 of the Articles of Association, and were subsequently approved by the Supervisory Board on 1 March 2021. The financial statements were audited by KPMG, who issued an unqualified opinion (see the Independent auditor’s report). The Supervisory Board established that the external auditor was independent of DSM.

The Supervisory Board will submit the 2020 financial statements to the 2021 Annual General Meeting of Shareholders, and will propose that the shareholders adopt them and release the Managing Board from all liability in respect of its managerial activities and release the Supervisory Board from all liability in respect of its supervision of the Managing Board. The profit appropriation as proposed by the Managing Board and approved by the Supervisory Board is presented in the Profit section of this Report.