Reebok 2006 Annual Report Download - page 147

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143
Independent Auditor’s Report
We have audited the consolidated financial statements prepared by adidas AG (until May 29,
2006: adidas-Salomon AG), Herzogenaurach – comprising the balance sheet, the income
statement, statement of recognized income and expense, cash flow statement and the notes
to the consolidated financial statements – together with the Group Management Report for the
business year from January 1, 2006 to December 31, 2006. The preparation of the consolidated
financial statements and the Group Management Report in accordance with IFRS, as adopted
by the EU, and the additional requirements of German commercial law pursuant to § 315a
section 1 HGB (Handelsgesetzbuch “German Commercial Code”) are the responsibility of the
parent company’s Management. Our responsibility is to express an opinion on the consolidated
financial statements and on the Group Management Report based on our audit.
We conducted our audit of the consolidated financial statements in accordance with § 317 HGB
and German generally accepted standards for the audit of financial statements promul-
gated by the Institut der Wirtschaftsprüfer (IDW). Those standards require that we plan and
perform the audit such that misstatements materially affecting the presentation of the net
assets, financial position and results of operations in the consolidated financial statements
in accordance with the applicable financial reporting framework and in the Group Manage-
ment Report are detected with reasonable assurance. Knowledge of the business activities
and the economic and legal environment of the Group and expectations as to possible mis-
statements are taken into account in the determination of audit procedures. The effectiveness
of the accounting-related internal control system and the evidence supporting the disclosures
in the consolidated financial statements and the Group Management Report are examined
primarily on a test basis within the framework of the audit. The audit includes assessing the
annual financial statements of those entities included in consolidation, the determination of
entities to be included in consolidation, the accounting and consolidation principles used and
significant estimates made by Management, as well as evaluating the overall presentation of
the consolidated financial statements and Group Management Report. We believe that our
audit provides a reasonable basis for our opinion.
Our audit has not led to any reservations.
In our opinion, based on the findings of our audit, the consolidated financial statements comply
with IFRS, as adopted by the EU, and the additional requirements of German commercial law
pursuant to § 315a section 1 HGB and give a true and fair view of the net assets, financial posi-
tion and results of operations of the Group in accordance with these requirements. The Group
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.
Frankfurt am Main, February 16, 2007
KPMG Deutsche Treuhand-Gesellschaft
Aktiengesellschaft
Wirtschaftsprüfungsgesellschaft
Dr. Erle » German Public Auditor Gebele » German Public Auditor
Executive Board Statement ›
Independent Auditor’s Report ›