BMW 2007 Annual Report Download - page 11
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09
The Company and Group financial statements of Bayerische Motoren Werke Aktiengesellschaft for the year
ended 31 December 2007 and the combined Company and Group Management Report were audited by
KPMG Deutsche Treuhand-Gesellschaft Aktiengesellschaft Wirtschaftsprüfungsgesellschaft, Munich, and
given an unqualified audit opinion. The Audit Committee examined these documents initially at its meeting
on 3 March 2008, discussing matters in person with representatives of the external auditors. The Super-
visory Board subsequently examined the relevant drafts of the Board of Management at its meeting on
13 March 2008, after hearing the chairman’s report on the meeting of the Audit Committee. The external
auditors were also present at this meeting to report on the main findings of their audit and to provide additional
information as necessary. The long-form audit reports of the external auditors were made available to all
members of the Supervisory Board in good time. The Supervisory Board concurred with the results of the
external audit and approved the Company and Group Financial Statements of Bayerische Motoren Werke
Aktiengesellschaft for the financial year 2007 prepared by the Board of Management. The Company financial
statements are therefore adopted. The Supervisory Board also reviewed the Board of Management’s pro-
posal for the appropriation of profit. The Supervisory Board considers the proposal appropriate and therefore
concurs with it. In accordance with the conclusion reached on the Supervisory Board’s examination, no
objections were raised.
The Board of Management and employees of the BMW Group have once again enabled the BMW Group to
post excellent earnings for the financial year 2007. The Board of Management has also defined a new stra-
tegic direction for the BMW Group which puts it on course for long-term success. The Supervisory Board
wishes to thank the members of the Board of Management and indeed all employees of the BMW Group for
their hard work and their contribution to the past year’s performance.
Munich, 13 March 2008
The Supervisory Board
Yours,
Joachim Milberg
Chairman of the Supervisory Board
Examination of Company and
Group financial statements
and the proposed appropria-
tion of profit