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F | FURTHER INFORMATION | INDEPENDENT AUDITOR’S REPORT 285
Independent Auditor’s Report
Report on the Consolidated Financial Statements
We have audited the accompanying consolidated financial state-
ments of Daimler AG, Stuttgart, and its subsidiaries, which
comprise the consolidated statement of income, the consolidated
statement of comprehensive income/loss, the consolidated
statement of financial position, the consolidated statement
of cash flows, the consolidated statement of changes in equity
and notes to the consolidated financial statements for
the financial year from January 1 to December 31, 2015.
Board of Management’s Responsibility for the
Consolidated Financial Statements
The Board of Management of Daimler AG is responsible
for the preparation of these consolidated financial statements.
This responsibility includes preparing these consolidated
financial statements in accordance with International Financial
Reporting Standards (IFRSs) as adopted by the EU, and the
supplementary requirements of German commercial law pursuant
to Section 315a (1) of the German Commercial Code (HGB),
to give a true and fair view of the net assets, financial position
and results of operations of the group in accordance with
these requirements. The Board of Management is also respon-
sible for the internal controls that the Board of Management
determines are necessary to enable the preparation of con-
solidated financial statements that are free from material
misstatement, whether due to fraud or error.
Auditor’s Responsibility
Our responsibility is to express an opinion on these conso-
lidated financial statements based on our audit. We conducted
our audit in accordance with Section 317 HGB and the German
generally accepted standards for the audit of financial state-
ments promulgated by the German Institute of Public Auditors
(IDW) as well as in supplementary compliance with International
Standards on Auditing (ISA). Accordingly, we are required to
comply with ethical requirements and plan and perform the audit
to obtain reasonable assurance about whether the consoli-
dated financial statements are free from material misstatement.
An audit involves performing audit procedures to obtain audit
evidence about the amounts and disclosures in the consoli-
dated financial statements. The selection of audit procedures
depends on the auditor’s professional judgment. This includes
the assessment of the risks of material misstatement of the
consolidated financial statements, whether due to fraud or error.
In assessing those risks, the auditor considers the internal
control system relevant to the entity’s preparation of the con-
solidated financial statements that give a true and fair view.
The aim of this is to plan and perform audit procedures that
are appropriate in the given circumstances, but not for the
purpose of expressing an opinion on the effectiveness of the
Group’s internal control system. An audit also includes eval-
uating the appropriateness of accounting policies used and the
reasonableness of accounting estimates made by the Board
of Management, as well as evaluating the overall presentation
of the consolidated financial statements.
We believe that the audit evidence we have obtained is sufficient
and appropriate to provide a basis for our audit opinion.
Audit Opinion
Pursuant to Section 322 (3) sentence 1 HGB, we state that
our audit of the consolidated financial statements has not led
to any reservations.
In our opinion, based on the findings of our audit, the con-
solidated financial statements comply in all material respects
with IFRSs as adopted by the EU and the additional require-
ments of German commercial law pursuant to Section 315a (1)
HGB and give a true and fair view of the net assets and finan-
cial position of the Group as at December 31, 2015 as well
as the results of operations for the financial year then ended,
in accordance with these requirements.
Report on the Combined Management Report
We have audited the accompanying group management
report of Daimler AG, which is combined with the management
report of the company for the financial year from January 1
to December 31, 2015. The Board of Management of Daimler AG
is responsible for the preparation of this combined manage-
ment report in compliance with the applicable requirements
of German commercial law pursuant to Section 315a (1) HGB.
We are required to conduct our audit in accordance with
Section 317 (2) HGB and the German generally accepted stan-
dards for the audit of financial statements promulgated by
the German Institute of Public Auditors (IDW). Accordingly, we
are required to plan and perform the audit of the combined
man agement report to obtain reasonable assurance about
whether the combined management report is consistent
with the consolidated financial statements and the audit find-
ings, and as a whole provides a suitable view of the Group’s
position and suitably presents the opportunities and risks
of future development.
Pursuant to Section 322 (3) sentence 1 HGB, we state
that our audit of the combined management report has not
led to any reservations.
In our opinion, based on the findings of our audit of the
consolidated financial statements and the combined management
report, the combined management report is consistent with
the consolidated financial statements, and as a whole provides
a suitable view of the Group’s position and suitably presents
the opportunities and risks of future development.
Stuttgart, February 16, 2016
KPMG AG Wirtschaftsprüfungsgesellschaft
Becker Dr. Thümler
Wirtschaftsprüfer Wirtschaftsprüfer