Mercedes 2002 Annual Report Download - page 90

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The accompanying consolidated financial statements (consoli-
dated balance sheets as of December 31, 2002 and 2001, con-
solidated statements of income (loss), cash flows and changes
in stockholders’ equity for each of the financial years 2002,
2001 and 2000) were prepared in accordance with generally
accepted accounting principles in the United States of
America (U.S. GAAP).
In order to comply with Section 292a of the HGB (German
Commercial Code), the consolidated financial statements
were supplemented with a consolidated business review
report and additional explanations. Therefore, the consolidated
financial statements, which have to be filed with the
Preliminary Note
84 |Statement by the Board of Management
Commercial Register and published in the Federal Gazette,
comply with the Fourth and Seventh Directives of the Euro-
pean Community. For the interpretation of these directives we
relied on the statement by the German Accounting Standards
Committee.
The consolidated financial statements and the consolidated
business review report as of December 31, 2002 prepared in
accordance with Section 292a of the HGB (German Commer-
cial Code) and filed with the Commercial Register in Stuttgart
under the number HRB 19 360 will be provided to share-
holders on request.
Statement by the Board of Management
The Board of Management of DaimlerChrysler AG is respon-
sible for preparing the accompanying financial statements.
We have installed effective controlling and monitoring sys-
tems to guarantee compliance with accounting principles and
the adequacy of reporting. These systems include the use
of uniform guidelines group-wide, the use of reliable software,
the selection and training of qualified personnel, and regular
reviews by our internal auditing department.
Taking the legal requirements into consideration we have
integrated the group’s early warning systems into a risk
management system. This enables the Board of Management
to identify significant risks at an early stage and to initiate
appropriate measures.
KPMG Deutsche Treuhand-Gesellschaft Aktiengesellschaft
Wirtschaftsprüfungsgesellschaft audited the consolidated
financial statements, which were prepared in accordance with
generally accepted accounting principles in the United States
of America, and issued an unqualified audit report.
Together with the independent auditors, the Supervisory
Board’s Financial Audit Committee examined and discussed
the consolidated financial statements including the business
review report and the auditors’ report in depth. Subsequently,
the entire Supervisory Board reviewed the documentation
related to the financial statements. The result of this examina-
tion is included in the Report of the Supervisory Board.
Jürgen E. Schrempp Manfred Gentz