Adidas 2001 Annual Report Download - page 102

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97
Consolidated Accounts
We have audited the consolidated financial statements, comprising the
balance sheet, the income statement and the statements of changes in
shareholders’ equity and cash flows as well as the Notes to the financial
statements prepared by adidas-Salomon AG for the business year from
January 1 to December 31, 2001. The preparation and the content of
the consolidated financial statements in accordance with International
Accounting Standards (IAS) are the responsibility of the Company’s
Management. Our responsibility is to express an opinion on these
consolidated financial statements based on our audit.
We conducted our audit of the consolidated financial statements in
accordance with German auditing regulations and German generally
accepted standards for the audit of financial statements promulgated by
the Institut der Wirtschaftsprüfer (IDW). Those standards require that
we plan and perform the audit such that it can be assessed with reason-
able assurance whether the consolidated financial statements are free
of material misstatements. Knowledge of the business activities and
the economic and legal environment of the Group and evaluations of
possible misstatements are taken into account in the determination of
audit procedures. The evidence supporting the amounts and disclosures
in the consolidated financial statements are examined on a test basis
within the framework of the audit. The audit includes assessing the
accounting principles used and significant estimates made by Manage-
ment, as well as evaluating the overall presentation of the consolidated
financial statements. We believe that our audit provides a reasonable
basis for our opinion.
In our opinion, the consolidated financial statements give a true and fair
view of the net assets, financial position, results of operations and cash
flows of the Group for the business year in accordance with International
Accounting Standards.
Our audit, which also extends to the group management report prepared
by the Company’s Management for the business year from January 1to
December 31, 2001, has not led to any reservations. In our opinion on
the whole the group management report provides a suitable understand-
ing of the Group’s position and suitably presents the risks of future
development. In addition, we confirm that the consolidated financial
statements and the group management report for the business year from
January 1 to December 31, 2001, satisfy the conditions required for the
Company’s exemption from its duty to prepare consolidated financial
statements and the group management report in accordance with
German law.
Frankfurt am Main, February 15, 2002
KPMG Deutsche Treuhand-Gesellschaft
Aktiengesellschaft
Wirtschaftsprüfungsgesellschaft
Dr. Böttcher Hegenbarth
Wirtschaftsprüfer Wirtschaftsprüfer
Auditors’ Report