DHL 2005 Annual Report Download - page 149

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We have audited the consolidated nancial statements prepared by
the Deutsche Post AG, Bonn, comprising the balance sheet, the in-
come statement, statement of changes in equity, cash ow statement
and the notes to the consolidated nancial statements, together with
the group management report for the business year from January 1
to December 31, 2005. e preparation of the consolidated nancial
statements and the group management report in accordance with the
IFRSs, as adopted by the EU, and the additional requirements of Ger-
man commercial law pursuant to § (Article) 315a Abs. (paragraph) 1
HGB (“Handelsgesetzbuch”: German Commercial Code) are the re-
sponsibility of the parent Company’s Board of Managing Directors.
Our responsibility is to express an opinion on the consolidated nan-
cial statements and on the group management report based on our
audit.
We conducted our audit of the consolidated nancial statements in
accordance with § 317 HGB and German generally accepted stan-
dards for the audit of nancial statements promulgated by the Insti-
tut der Wirtschasprüfer (Institute of Public Auditors in Germany)
(IDW) and additionally observed the International Standards on Au-
diting (ISA). ose standards require that we plan and perform the
audit such that misstatements materially aecting the presentation
of the net assets, nancial position and results of operations in the
consolidated nancial statements in accordance with the applicable
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. e eectiveness of the ac-
counting-related internal control system and the evidence support-
ing the disclosures in the consolidated nancial statements and the
group management report are examined primarily on a test basis
within the framework of the audit. e audit includes assessing the
annual nancial statements of those entities included in consolida-
tion, the determination of the entities to be included in consolidation,
the accounting and consolidation principles used and signicant esti-
mates made by the Company’s Board of Managing Directors, as well
as evaluating the overall presentation of the consolidated nancial
statements and the 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 ndings of our audit the consolidated
nancial statements comply with the IFRSs as adopted by the EU,
the additional requirements of German commercial law pursuant to
§ 315a Abs. 1 HGB and give a true and fair view of the net assets, -
nancial position and results of operations of the Group in accordance
with these requirements. e group management report is consistent
with the consolidated nancial statements and as a whole provides a
suitable view of the Group’s position and suitably presents the oppor-
tunities and risks of future development.
Düsseldorf, February 15, 2006
PricewaterhouseCoopers
Aktiengesellscha
Wirtschasprüfungsgesellscha
(Brebeck) (Ruske)
Wirtschasprüfer Wirtschasprüfer
(German Public Auditor) (German Public Auditor)
Auditor’s Report
Deutsche Post World Net
145
Notes
Consolidated Financial StatementsAdditional Information