Chrysler 2004 Annual Report Download - page 216
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214
Lastly, based on the statutes currently in force, the Board of
Statutory Auditors has no jurisdiction over decisions to file
liability actions.
Based on the audits we performed in those areas that fall under
our jurisdiction pursuant to Article 149 of Legislative Decree No.
58 of February 24, 1998 and the information received from the
External Auditors, we have verified that the statutory financial
statements, which show a net loss of 949,100,522 euros,
compared with a net loss of 2,358,789,924 euros in the previous
fiscal year, as explained in the Report on Operations, have been
prepared and presented in accordance with the applicable
provisions of law.
Therefore, we recommend that you approve them as they have
been submitted to you, together with the motion to bring
forward the loss for the year proposed by the Board of
Directors.
The Board of Directors has made a motion, for which
it provided adequate explanations, asking the Extraordinary
Stockholders Meeting to amend Articles 8 and 12 of the
Articles of Association. We concur with these proposed
amendments, which are being put forth in response
to (Article 8) and to comply with (Article 12) current statutory
provisions.
Turin, May 26, 2005
The Statutory Auditors
Cesare Ferrero
Giuseppe Camosci
Giorgio Ferrino