DHL 2010 Annual Report Download - page 242

We conducted our audit of the consolidated  nancial state-
ments in accordance with Section   and German generally
accepted standards for the audit of  nancial statements promul-
gated by the Institut der Wirtscha sprüfer (; Institute of Public
Auditors in Germany), and additionally observed the Inter national
Standards on Auditing .  ose standards require that we plan
and perform the audit such that misstatements materially a ect-
ing the presentation of the net assets,  nancial position and results
of operations in the consolidated  nancial statements in accord-
ance 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 misstate-
ments are taken into account in the determination of audit proce-
dures.  e e ectiveness of the accounting-related internal control
system and evidence supporting the disclosures in the consolidated
 nancial statements and the group management report are exam-
ined 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 consolidation, the accounting and con-
solidation principles used and signi cant estimates made by the
Company’s Board of Management as well as evaluating the overall
presentation of the consolidated  nancial statements and the group
management report. We believe that our audit provides a reason-
able basis for our opinion.
Our audit has not led to any reservations.
In our opinion based on the  ndings of our audit, the con-
solidated  nancial statements comply with the  s as adopted
by the  and the additional requirements of German commer-
cial law pursuant to Section  a   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 opportunities and risks of future
development.
Düsseldorf,  February 
PricewaterhouseCoopers
Aktiengesellscha
Wirtscha sprüfungsgesellscha
Klaus-Dieter Ruske Dietmar Prümm
Wirtscha sprüfer Wirtscha sprüfer
(German Public Auditor) (German Public Auditor)
RESPONSIBILITY STATEMENT
To the best of our knowledge, and in accordance with the
applicable accounting principles, the consolidated  nancial state-
ments give a true and fair view of the assets, liabilities,  nancial
position and pro t or loss of the Group, and the management
report of the Group includes a fair review of the development
and performance of the business and the position of the Group,
together with a description of the material opportunities and risks
associated with the expected development of the Group.
Bonn,  February 
Deutsche Post 
 e Board of Management
Dr Frank Appel Ken Allen
Jürgen Gerdes Walter Scheurle
Bruce Edwards Lawrence Rosen
Hermann Ude
AUDITOR’S REPORT
We audited the consolidated  nancial statements prepared
by Deutsche Post , Bonn, comprising the income statement and
the statement of comprehensive income, the balance sheet, the
cash  ow statement, the statement of changes in equity 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

s, as adopted by the , and the additional requirements of
German commercial law pursuant to Section  a  Handels gesetz-
buch (; German Commercial Code) are the responsibility of
the parent Company’s Board of Management. Our responsibility is
to express an opinion on the consolidated  nancial statements and
on the group management report based on our audit.
Deutsche Post DHL Annual Report 
228