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Deutsche Post World Net Annual Report 2007
Auditor’s Report Consolidated Financial Statements
Auditor’s Report
We have audited the consolidated nancial statements prepared by the
Deutsche Post AG, Bonn, comprising the balance sheet, the income
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 to December
. 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 German commercial law
pursuant to § (Article) a Abs. (paragraph) HGB (“Handelsgesetz-
buch”: German Commercial Code) and supplementary provisions of the
articles of incorporation are the responsibility of the parent Companys
Board of Managing Directors. Our responsibility is to express an opini-
on on the consolidated nancial statements and on the group manage-
ment report based on our audit.
We conducted our audit of the consolidated nancial statements in
accordance with § HGB and German generally accepted standards
for the audit of nancial statements promulgated by the Institut der
Wirtscha sprüfer (Institute of Public Auditors in Germany) IDW and
additionally observed the International Standards on Auditing 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 frame-
work 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 misstate-
ments are taken into account in the determination of audit procedures.
e e ectiveness of the accounting-related internal control system and
the evidence supporting 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
consolidation, the determination of the entities to be included in conso-
lidation, the accounting and consolidation principles used and signi -
cant estimates 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 and the
additional requirements of German commercial law pursuant to § a
Abs. HGB and supplementary provisions of the articles of incorporati-
on and full IFRS 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 con-
solidated 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.
Düsseldorf, February
PricewaterhouseCoopers
Aktiengesellscha
Wirtscha sprüfungsgesellscha
Frank Brebeck Klaus-Dieter Ruske
Wirtscha sprüfer Wirtscha sprüfer
(German Public Auditor) (German Public Auditor)