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Independent Auditors’ Report |85
The Supervisory Board DaimlerChrysler AG:
We have audited the accompanying consolidated balance
sheets of DaimlerChrysler AG and subsidiaries (“Daimler-
Chrysler”) as of December 31, 2002 and 2001, and the related
consolidated statements of income (loss), changes in stock-
holders’ equity, and cash flows for each of the years in the
three-year period ended December 31, 2002. These consolidated
financial statements are the responsibility of DaimlerChrysler’s
management. Our responsibility is to express an opinion on
these consolidated financial statements based on our audits.
We did not audit the financial statements of DaimlerChrysler
Corporation or certain of its consolidated subsidiaries (“Daimler-
Chrysler Corporation”) for the year ended December 31, 2000,
which statements reflect total revenues constituting 42 percent
of the related consolidated totals. Those statements were
audited by other auditors whose report has been furnished to
us, and our opinion for the year ended December 31, 2000,
insofar as it relates to the amounts included for Daimler-
Chrysler Corporation, is based solely on the report of the other
auditors.
We conducted our audits in accordance with generally
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 assessing the accounting principles used and
significant estimates made by management, as well as evalu-
ating 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 statements referred to
above present fairly, in all material respects, the financial posi-
tion of DaimlerChrysler as of December 31, 2002 and 2001,
and the results of their operations and their cash flows for
each of the years in the three-year period ended December 31,
2002, in conformity with generally accepted accounting
principles in the United States of America.
As discussed in Note 10 to the consolidated financial state-
ments, DaimlerChrysler adopted Statement of Financial
Accounting Standards No. 142, “Goodwill and Other Intangible
Assets”, in 2002 and 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”, in 2000.
Stuttgart, Germany
February 11, 2003
KPMG Deutsche Treuhand-Gesellschaft
Aktiengesellschaft
Wirtschaftsprüfungsgesellschaft
Independent Auditors’ Report
Wiedmann Krauß
Wirtschaftsprüfer Wirtschaftsprüfer