Reebok 2015 Annual Report Download - page 31

TO OUR SHAREHOLDERS
Supervisory Board Report
27
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EXAMINATION OF THE 2015 ANNUAL FINANCIAL STATEMENTSAND CONSOLIDATED
FINANCIAL STATEMENTS
KPMG audited the 2015 consolidated financial statements prepared by the Executive Board in accordance
with § 315a German Commercial Code (Handelsgesetzbuch – HGB) in compliance with IFRS and issued
an unqualified opinion thereon. The auditor also approved without qualification the 2015 annual financial
statements of adidas AG, prepared in accordance with HGB requirements, and the combined Management
Report for adidas AG and the Group. The financial statements, the proposal put forward by the Executive Board
regarding the appropriation of retained earnings and the auditor’s reports were distributed by the Executive
Board to all Supervisory Board members in a timely manner. We examined the documents in depth, with a
particular focus on legality and regularity, in the presence of the auditor at the Audit Committee meeting held
on February 26, 2016 and at the Supervisory Board’s March 2, 2016 financial statements meeting, during which
the Executive Board explained the financial statements in detail. At both meetings, the auditor reported the
material results of the audit with a focus on the priority topics of the year under review as agreed with the Audit
Committee and was available for questions and the provision of additional information. The auditor did not
report any significant weaknesses with respect to the internal control and risk management system relating
to the accounting process. We also discussed in depth with the Executive Board the proposal concerning the
appropriation of retained earnings, which provides for a dividend of € 1.60 per dividend-entitled share and
adopted the proposal under consideration of the Group’s financial situation and future prospects as well as
the expectations of our shareholders. Based on our own examinations of the annual and consolidated financial
statements, we came to the conclusion that there are no objections to be raised. At our financial statements
meeting, therefore, following the recommendation of the Audit Committee, we approved the audit results and
the financial statements prepared by the Executive Board. The annual financial statements of adidas AG were
thus approved.
CHANGES ON THE SUPERVISORY BOARD
In the 2015 financial year, there were no changes on the Supervisory Board.
EXPRESSION OF THANKS
On behalf of the Supervisory Board, I wish to thank the Executive Board and all adidas Group employees
around the world for their tremendous personal dedication and their ongoing commitment, and I also thank
the employee representatives for their good collaboration.
For the Supervisory Board
IGOR LANDAU
Chairman of the Supervisory Board
March 2016