Mercedes 2015 Annual Report Download - page 265

272 E | CONSOLIDATED FINANCIAL STATEMENTS | NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
38. Principal accountant fees
The shareholders of Daimler AG elected KPMG AG Wirt-
schaftsprüfungsgesellschaft as the external auditor
at the Annual Shareholders’ Meeting held on April 1, 2015.
Table  E.90 shows the fees paid for services provided by
KPMG AG Wirtschaftsprüfungsgesellschaft and the companies
of the worldwide KPMG group.
The annual audit fees are for the audit of the consolidated
financial statements and the company financial statements
of Daimler AG and the subsidiaries included in the Group’s
consolidated financial statements.
Fees for other attestation services include in particular the
review of the interim IFRS financial statements (2015:
€5 million; 2014: €5 million), the audit of the internal control
system (2015: €3 million; 2014: €3 million), as well as project-
related reviews connected with the annual financial statements
and performed in the context of the introduction and further
development of IT systems (2015: €6 million; 2014: €5 million).
39. Additional information
German Corporate Governance Code
The Board of Management and the Supervisory Board
of Daimler AG have issued a declaration pursuant to
Section 161 of the German Stock Corporation Act (AktG)
and have made it permanent available to their shareholders
on Daimler’s website at w http://www.daimler.com/
documents/company/corporate-governance/declarations/
daimler-declaration-en-12-2015.pdf.
Third-party companies
At December 31, 2015, the Group was a shareholder of the
companies included in table  E.91 that meet the criteria
of a significant third-party company as defined by the German
Corporate Governance Code
Information on investments
The statement of investments of Daimler AG pursuant to
Sections 285 and 313 of the German Commercial Code (HGB)
is presented in table  E.92. In prior years, for information
regarding equity and earnings, values from local financial state-
ments were generally used. As of the financial statements for
the year under review, IFRS values are used for fully consolidated
companies. The change to IFRS values allows a better com-
parison of the values. Information on equity and earnings and
information on investments pursuant to Section 285 No. 11
fourth part of the Sentence and/or Section 313 Subsection 2
No. 4 Sentence 2 of the HGB is omitted pursuant to Section
286 Subsection 3 Sentence 1 No. 1 and/or Section 313
Subsection 2 No. 4 Sentence 3 of the HGB to the extent that
such information is of minor relevance for a fair presentation
of the profitability, liquidity and capital resources, and financial
position of Daimler AG. In addition, the statement of invest-
ments indicates which consolidated companies make use of
the exemption pursuant to Section 264 Sub section 3 of the
HGB and/or Section 264b of the HGB (footnote 5). The consoli-
dated financial statements of Daimler AG release those
sub sidiaries from the requirements that would otherwise apply.
E.90
Accountant fees
2015 2014
In millions of euros
Audit of financial statements 25 24
thereof KPMG AG
Wirtschaftsprüfungsgesellschaft
10
10
Other attestation services 16 14
thereof KPMG AG
Wirtschaftsprüfungsgesellschaft
12
10
Tax consulting 22
thereof KPMG AG
Wirtschaftsprüfungsgesellschaft
1
1
Other services 11 4
thereof KPMG AG
Wirtschaftsprüfungsgesellschaft
10
4
54 44
Third-party companies
Name of the company Renault SA2
Nissan Motor
Company Ltd.3
Headquarters of the company
Boulogne-Billancourt,
France
Tokyo,
Japan
Equity interest (in %)13.1 3.1
Total equity (in millions of euros)424,476 37,491
Net profit (in millions of euros)41,890 3,300
1 As of December 31, 2015.
2 Based on IFRS consolidated financial statements
for the year ended December 31, 2014.
3 Based on national consolidated financial statements
for the year ended March 31, 2015.
4 Excluding non-controlling interests.
E.91