Reebok 2013 Annual Report Download - page 189

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adidas Group
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2013 Annual Report
Consolidated Financial Statements
185
2013
Auditor’s Report
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04.2
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Auditor’s Report
We have audited the consolidated financial statements prepared by adidas AG, Herzogenaurach, comprising the statement
of financial position, income statement, statement of comprehensive income, statement of changes in equity, statement of
cash flows and the notes, together with the management report of the Company and the Group for the business year from
January 1 to December 31, 2013. 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 (1) HGB (Handelsgesetzbuch – “German Commercial Code”) is the responsibility of the Company’s
Executive Board. 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 promulgated by the Institut der Wirtschaftsprüfer (Institute of
Public Auditors in Germany) (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 profit or loss in the consolidated financial
statements in accordance with the applicable financial reporting framework and in the Group management 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 misstatements 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 the 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 (1) HGB and give a true and fair
view of the net assets, financial position and profit or loss 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.
Munich, February 14, 2014
KPMG AG
Wirtschaftsprüfungsgesellschaft
(Original German version signed by:)
Braun Wolper
Wirtschaftsprüfer Wirtschaftsprüfer
(German Public Auditor) (German Public Auditor)