Mercedes 2003 Annual Report Download - page 112
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Please find page 112 of the 2003 Mercedes annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.The Board of Management of DaimlerChrysler AG is responsible
for preparing the accompanying financial statements.
We have implemented effective controlling and monitoring
systems to guarantee compliance with accounting principles and
the adequacy of reporting. These systems include the application
of uniform guidelines group-wide, the use of reliable software, the
selection and training of qualified personnel, and regular reviews
by our internal auditing department.
In accordance with German legal requirements we have inte-
grated the group’s early warning systems into a risk management
system. This enables the Board of Management to identify signifi-
cant risks at an early stage and to initiate appropriate measures.
KPMG Deutsche Treuhand-Gesellschaft Aktiengesellschaft
Wirtschaftsprüfungsgesellschaft audited the consolidated financial
statements, which were prepared in accordance with generally
accepted accounting principles in the United States of America,
and issued an unqualified audit report.
Together with the independent auditors, the Supervisory Board’s
Audit Committee examined and discussed the consolidated
financial statements including the business review report and the
auditors’ report in depth. Subsequently, the entire Supervisory
Board reviewed the documentation related to the consolidated
financial statements. The result of this examination is included
in the Report of the Supervisory Board.
Jürgen E. Schrempp Manfred Gentz
Preliminary Note
Financial Reporting | Overview | Analysis of the Financial Situation | Statement by the Board of Management | Independent Auditors’s Report | Financial Statements
The accompanying consolidated financial statements (consolidated
balance sheets as of December 31, 2003 and 2002, consolidated
statements of income (loss), cash flows and changes in stock-
holders’ equity for each of the financial years 2003, 2002 and
2001) were prepared in accordance with generally accepted
accounting principles in the United States of America (US GAAP).
In order to comply with Section 292a of the HGB (German
Commercial Code), the consolidated financial statements were
supplemented with a consolidated business review report and
additional explanations. Therefore, the consolidated financial state-
ments, which have to be filed with the Commercial Register and
published in the Federal Gazette, comply with the Fourth and
Seventh Directive of the European Community. For the interpreta-
tion of these directives we relied on the statement by the German
Accounting Standards Committee.
The consolidated financial statements and the consolidated
business review report as of December 31, 2003, prepared in
accordance with Section 292a of the HGB (German Commercial
Code) and filed with the Commercial Register in Stuttgart under
the number HRB 19 360, will be provided to shareholders on
request.
Statement by the Board of Management