DHL 2005 Annual Report Download - page 13

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Annual financial statements and dependent company
report have been audited
e auditors elected by the Annual General Meeting, PricewaterhouseCoopers Aktienge-
sellscha Wirtschasprüfungsgesellscha, Düsseldorf, (PwC) issued unqualied opinions
on the annual and consolidated nancial statements, as well as the respective management
reports, for scal year 2005.
Aer a detailed preliminary examination by the Finance and Audit Committee, the Su-
pervisory Board reviewed the annual and consolidated nancial statements for scal year
2005, including the management reports, at its plenary meeting on March 9, 2006. e rel-
evant reports were made available to all the members of the Supervisory Board and were
discussed in depth with the Board of Management as well as with the auditors present at
the meeting. Our review included the proposal for the appropriation of the unappropri-
ated surplus put forward by the Board of Management. e Supervisory Board concurred
with the results of the audit of the annual and consolidated nancial statements and the
management reports conducted by the auditors and has approved the annual and consoli-
dated nancial statements for scal year 2005 in today’s meeting, aer having discussed
them in detail with the Board of Management and representatives of the auditors. Based
on the nal results of the examination of the annual nancial statements, the consolidat-
ed nancial statements, the management reports and the proposal for the appropriation
of the unappropriated surplus, as conducted by the Supervisory Board and the Finance
and Audit Committee, there are no objections to be raised. We endorse the Board of Man-
agement’s proposal for the appropriation of the unappropriated surplus and the payment
of a dividend of €0.70 per share.
PwC also audited the Board of Management’s report on aliated companies (dependent
company report) prepared in accordance with section 312 of the Aktiengesetz (German
Stock Corporation Act) and issued the following audit opinion:
“On completion of our audit in accordance with professional standards, we conrm that
1. the factual statements made in the report are correct,
2. the company’s compensation with respect to the transactions listed in the report was not
inappropriately high.”
e dependent company report was examined in order to ensure that it is complete and
accurate. e Board of Management has taken due care in determining the aliated com-
panies. It has taken the necessary precautions in recording the transactions and other
measures that the company undertook or refrained from undertaking in the scal year
under review, either with, at the request of or in the interests of the federal government
as the controlling enterprise, or with these aliated companies. According to the nd-
ings of the examination, there are no apparent grounds for believing that transactions or
measures have not been recorded in full. e Supervisory Board therefore endorses the
results of the audit conducted by the auditors. ere are no objections to be raised to the
declaration of the Board of Management at the end of the report.
New addition to the Board of Management
ere were the following changes in the composition of the Board of Management: on
January 1, 2005, Mr. John Mullen became a member of the Board of Management, where
he is responsible for the Americas, Asia Pacic and Emerging Markets in the EXPRESS
Corporate Division.
9
Deutsche Post World Net
Report by the Supervisory Board
The GroupGroup Management ReportConsolidated Financial StatementsAdditional Information