Adidas 2005 Annual Report Download - page 127

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123
Executive Board Statement
Independent Auditor’s Report
Independent Auditor’s Report
We have audited the consolidated fi nancial statements prepared by adidas-Salomon AG – com-
prising the balance sheet, the income statement, statement of changes in equity, cash fl ow
statement and the notes to the consolidated fi nancial statements – together with the Group
Management Report for the business year from January 1, 2005 to December 31, 2005. The
preparation of the consolidated fi nancial statements and the Group Management Report in
accordance with IFRS, as adopted by the EU, and the additional requirements of German com-
mercial law pursuant to § 315a section 1 are the responsibility of the parent company’s Man-
agement. Our responsibility is to express an opinion on the consolidated fi nancial statements
and on the Group Management Report based on our audit.
We conducted our audit of the consolidated fi nancial statements in accordance with § 317 HGB
(Handelsgesetzbuch “German Commercial Code”) and German generally accepted standards
for the audit of fi nancial statements promulgated by the Institut der Wirtschaftsprüfer (IDW).
Those standards require that we plan and perform the audit such that misstatements materi-
ally affecting the presentation of the net assets, fi nancial position and results of operations
in the consolidated fi nancial statements in accordance with the applicable fi nancial 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 fi nancial 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 fi nancial statements of those entities included in
consolidation, the determination of entities to be included in consolidation, the accounting
and consolidation principles used and signifi cant estimates made by Management, as well
as evaluating the overall presentation of the consolidated fi nancial 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 fi ndings of our audit, the consolidated fi nancial 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, fi nancial posi-
tion and results of operations of the Group in accordance with these requirements. The Group
Management Report is consistent with the consolidated fi nancial 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 17, 2006
KPMG Deutsche Treuhand-Gesellschaft
Aktiengesellschaft
Wirtschaftsprüfungsgesellschaft
Dr. Erle …
…
… German Public Auditor Gebele …
…
… German Public Auditor