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Independent Auditors’ Report 69
The Supervisory Board
DaimlerChrysler AG:
We have audited the accompanying consolidated
balance sheets of DaimlerChrysler AG and subsidiaries
(“DaimlerChrysler”) as of December 31, 2001 and
2000, and the related consolidated statements of in-
come (loss), changes in stockholders’ equity, and cash
flows for each of the years in the three-year period
ended December 31, 2001. These consolidated financial
statements are the responsibility of DaimlerChrysler’s
management. Our responsibility is to express an opin-
ion on these consolidated financial statements based on
our audits. We did not audit the financial statements of
DaimlerChrysler Corporation or certain of its consoli-
dated subsidiaries (“DaimlerChrysler Corporation”),
which statements reflect total assets constituting 29
percent at December 31, 2000, and total revenues con-
stituting 42 percent and 43 percent for the years ended
December 31, 2000 and 1999, of the related consoli-
dated totals. Those statements were audited by other
auditors whose report has been furnished to us, and
our opinion, insofar as it relates to the amounts in-
cluded for DaimlerChrysler Corporation, is based solely
on the report of the other auditors.
We conducted our audits in accordance with gen-
erally accepted auditing standards in the United States
of America. Those standards require that we plan and
perform the audit to obtain reasonable assurance about
whether the financial statements are free of material
misstatement. An audit includes examining, on a test
basis, evidence supporting the amounts and disclosures
in the financial statements. An audit also includes as-
sessing the accounting principles used and significant
estimates made by management, as well as evaluating
the overall financial statement presentation. We believe
that our audits and the report of the other auditors
provide a reasonable basis for our opinion.
In our opinion, based on our audits and the report
of the other auditors, the consolidated financial state-
ments referred to above present fairly, in all material
respects, the financial position of DaimlerChrysler as of
December 31, 2001 and 2000, and the results of their
operations and their cash flows for each of the years in
the three-year period ended December 31, 2001, in con-
formity with generally accepted accounting principles
in the United States of America.
As discussed in Note 10 to the consolidated finan-
cial statements, in 2000 DaimlerChrysler adopted
Statement of Financial Accounting Standards No. 133,
“Accounting for Derivative Instruments and Hedging
Activities,” and Emerging Issues Task Force Issue No.
99-20, “Recognition of Interest Income and Impairment
on Purchased and Retained Beneficial Interests in
Securitized Financial Assets.”
Stuttgart, Germany
February 8, 2002
KPMG Deutsche Treuhand-Gesellschaft
Aktiengesellschaft
Wirtschaftsprüfungsgesellschaft
Independent Auditors’ Report
Prof. Dr. Wiedmann Schmid
Wirtschaftsprüfer Wirtschaftsprüfer