DHL 1999 Annual Report Download - page 135

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Auditor’s ReportSupervisory Board
147
Auditor’s Report
We have audited the Consolidated Financial Statements
of Deutsche Post AG, consisting of the Balance Sheet,
the Income Statement and the Statements of Changes in
Equity and Cash Flows as well as the Notes to the Finan-
cial Statements for the business year from January 1,
1999 to December 31, 1999. The preparation and the
content of the Consolidated Financial Statements accord-
ing to the International Accounting Standards (IAS) are
the responsibility of the Company’s Board of Managing
Directors. Our responsibility is to express an opinion,
based on our audit,whether the Consolidated Financial
Statements are in accordance with IAS.
We conducted our audit of the Consolidated Financial
Statements in accordance with German auditing regula-
tions and generally accepted standards for the audit of
financial statements promulgated by the Institut der
Wirtschaftsprüfer in Deutschland (IDW) as well as in
accordance with the International Standards on Audit-
ing (ISA). Those standards require that we plan and
perform the audit to obtain reasonable assurance about
whether the Consolidated Financial Statements are free
of material misstatements. The evidence supporting the
amounts and disclosures in the Consolidated Financial
Statements are examined on a test basis within the
framework of the audit.The audit includes assessing the
accounting principles used and significant estimates
made by the Board of Managing Directors, as well as
evaluating the overall presentation of the Consolidated
Financial Statements.We believe that our audit pro-
vides a reasonable basis for our opinion.
In our opinion, based on our audit, the Consolidated
Financial Statements give a true and fair view of the net
assets, financial position, results of operations and cash
flows of the Deutsche Post Group for the business year
in accordance with IAS.
Our audit, which according to German auditing regu-
lations also extends to the Group Management Report
prepared by the Board of Managing Directors for the
business year from January 1, 1999 to December 31,
1999,has not led to any reservations.
In our opinion, on the whole the Group Management
Report provides a suitable understanding of the Group’s
position and suitably presents the risks of future devel-
opment. In addition, we confirm that the Consolidated
Financial Statements and the Group Management
Report for the business year from January 1, 1999 to
December 31, 1999 satisfy the conditions required for
the Company’s exemption from its duty to prepare
Consolidated Financial Statements and the Group
Management Report in accordance with German
accounting law.
Düsseldorf,March 22, 2000
PwC Deutsche Revision
Aktiengesellschaft
Wirtschaftsprüfungsgesellschaft
(Klotzbach) Certified Public Accountant
(Menke) Certified Public Accountant