team spirit - Bankier.pl
team spirit - Bankier.pl
team spirit - Bankier.pl
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
Financial statements/consolidated financial statements<br />
Carlo Salvatori, Chairman of the Supervisory Board of Bank Austria Creditanstalt AG<br />
The accounting records, the financial statements for 2005 and the management report were audited by the Auditing Board of<br />
the Savings Bank Auditing Association, by KPMG Austria GmbH Wirtschaftsprüfungs- und Steuerberatungsgesellschaft and by<br />
Österreichische Wirtschaftsberatung GmbH Wirtschaftsprüfungs- und Steuerberatungsgesellschaft. As the audit did not give rise<br />
to any objections and the legal requirements were fully com<strong>pl</strong>ied with, the auditors’ report was expressed without qualification.<br />
The Supervisory Board has endorsed the findings of the audit, agrees with the financial statements and the management report,<br />
including the proposal for the appropriation of profits, presented by the Managing Board, and approves the 2005 financial<br />
statements, which are thereby adopted pursuant to Section 125 (2) of the Austrian Joint Stock Companies Act.<br />
The 2005 consolidated financial statements were audited by the Auditing Board of the Savings Bank Auditing Association, by<br />
KPMG Austria GmbH Wirtschaftsprüfungs- und Steuerberatungsgesellschaft and by Österreichische Wirtschaftsberatung GmbH<br />
Wirtschaftsprüfungs- und Steuerberatungsgesellschaft for consistency with International Financial Reporting Standards (IFRSs)<br />
published by the International Accounting Standards Board as adopted by the European Union, and the management report of<br />
the Group was audited for consistency with the Austrian Commercial Code. The audit did not give rise to any objections and<br />
the legal requirements were fully com<strong>pl</strong>ied with. In the opinion of the auditors, the consolidated financial statements give a true<br />
and fair view of the financial position of the Group as at 31 December 2005 and as at 31 December 2004, and of the results of<br />
its operations and its cash flows for the financial year beginning on 1 January 2005 and ending on 31 December 2005, and for<br />
the financial year beginning on 1 January 2004 and ending on 31 December 2004, in accordance with International Financial<br />
Reporting Standards (IFRSs) as adopted by the European Union.<br />
The auditors certify that the management report of the Group is consistent with the consolidated financial statements, and –<br />
with reference to note 1 to the consolidated financial statements, in which the loss of Bank Austria Creditanstalt AG’s voting<br />
rights in Bank BPH S.A. as a result of the acquisition of HVB Group by UniCredito Italiano S.p.A. is ex<strong>pl</strong>ained – they express<br />
their unqualified opinion.<br />
The Supervisory Board has endorsed the findings of the audit and thanks the Managing Board and all em<strong>pl</strong>oyees for their<br />
strong personal commitment and their performance in the 2005 financial year.<br />
Vienna, 16 March 2006<br />
The Supervisory Board<br />
Carlo Salvatori<br />
Chairman of the Supervisory Board<br />
Report of the Supervisory Board 175