DHL 1998 Annual Report Download - page 88

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freight mail division as well as the sale of commercial and residential real
estate. The Mediation Committee did not meet in the year under review.
This is in accord with § 27(3) of the Co-Determination Law.
The financial statements, the consolidated financial statements, the respec-
tive management reports, the Board of Management’s report on relations
with affiliated companies (the ‘Dependency Report’) and the audit report
prepared by C&L Treuhand-Vereinigung Deutsche Revision in Düsseldorf
were made available to all members of the Supervisory Board.
The auditors expressed an unqualified opinion on the financial statement,
incl. the management report, and the consolidated financial statements.
The C&L Treuhand Deutsche Revision Aktiengesellschaft Wirtschaftsprü-
fungsgesellschaft accountancy firm also audited the Board of Management’s
report on relations with affiliated companies (the Dependency Report)
prepared in compliance with § 312 of the German Stock Corporation Law.
The auditors reported on the results of their audits and issued the following
audit certificate:
“Based on the results of our statutory audit and our judgement we confirm
that
1. all actual information included in the report is correct,
2. the company’s compensation with respect to the legal transactions listed
in the report was not inappropriately high.”
The Supervisory Board noted and concurred with the results of the audit.
The Supervisory Board has reviewed the financial statements, the manage-
ment report, the Board of Management’s report on relations with affiliated
companies, the consolidated financial statements and the groups’ manage-
ment report.No objections were raised.The Supervisory Board has therefore
approved the financial statements and the Dependency Report prepared by
the Board of Management and concurred with the management report.
The auditor attended the meeting. The financial statements have thus been
formally adopted.
During financial 1998 the composition of the Supervisory Board underwent
some modification. With the first election on 29 January 1998 of the previ-
ously court appointed staff representatives Ms. Monika Schleidgen and
Messrs. Peter Freis and Günter Nehls left the Supervisory Board. Ms.Pauline
Mayer and Messrs. Franz Schierer and Armin Stoffleth were elected to the
Supervisory Board. The Supervisory Board would like to thank its retired
members, the management team and all the staff of Deutsche Post for their
commitment and the successful work accomplished in 1998.
Bonn, 15 April 1999
The Supervisory Board
Josef Hattig, Chairman
84
Report by the Supervisory Board of Deutsche Post on the 1998 annual report