Mercedes 2004 Annual Report Download - page 102
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98
The accompanying consolidated financial statements (consolidated
balance sheets as of December 31, 2004 and 2003, consolidated
statements of income (loss), cash flows and changes in stock-
holders’ equity for each of the financial years 2004, 2003 and
2002) were prepared in accordance with US generally accepted
accounting principles (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
statements, 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
interpretation 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, 2004, 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.
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 integrated
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 US
generally accepted accounting principles, 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 Bodo Uebber
Statement by the Board of
Management
Preliminary Note