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statutorY auDItor’s report
We have audited the consolidated financial statements prepared by PUMA SE, Herzogenaurach,
that consist of the consolidated balance sheet, the consolidated income statement
as well as the Group’s consolidated statement of comprehensive income, the consolidated
statement of changes in equity, the consolidated cash flow statement and the consolidated
notes, as well as the management report for the financial year from January 1 through
December 31, 2012. The Company’s Managing Directors are responsible for preparing the
consolidated financial statements and the Group management report in accordance with
the International Financial Reporting Standards (IFRS), as applicable in the EU, as well as
according to the supplementary regulations under commercial law according to Section
315a(1) German Commercial Code (HGB). It is our duty to render an opinion on the basis of
the audit we perform on the consolidated financial statements and the management report.
We conducted our audit of the consolidated financial statements pursuant to Section 317
HGB in compliance with the German principles of proper auditing established by the Institute
of Auditors. Those standards require that we plan and perform the audit so that
misstatements and violations materially affecting the presentation of the net assets, financial
position and results of operations in the Consolidated Financial Statements in accordance
with the applicable financial reporting framework and in the Group Management
Report are detected with reasonable assurance. Knowledge of the business activities and
the Group’s economic and legal environment as well as expectations of possible misstatements
are taken into account when determining audit procedures. The effectiveness of the
accounting-related internal control system as well as evidence supporting the disclosures
in the consolidated financial statements and the Group management report are examined
primarily on a random basis within the framework of the audit. The audit comprises the
evaluation of the annual financial statements, the annual financial statements of the companies
included in consolidation, the determination of those companies to be included in
consolidation, the accounting and consolidation principles applied and material evaluations
by the Managing Directors, as well as the acknowledgement of the entire presentation of
PUMA BUsiness And sUstAinABility RePoRt 2012
the consolidated financial statements and the Group management report. We believe that
our audit provides a reasonable basis for our opinion.
Our audit has not led to any reservations.
Based on the information obtained during our audit, in our opinion the consolidated financial
statements of PUMA SE, Herzogenaurach, have been properly prepared in accordance
with the IFRS, as applicable in the EU, as well as according to the supplementary regulations
under commercial law according to Section 315a(1) HGB and give a true and fair view
of the actual assets, financial position and income of the Group. The Group management
report is consistent with the consolidated financial statements and as a whole provides a
suitable view of the Group‘s position and accurately presents the opportunities and risks of
future development.
munich, February 4, 2013
DeloItte & touche gmbh
wIrtschaFtsprüFungsgesellschaFt
staDter
german publIc auDItor
CONsOlidated FiNaNCial statemeNts
schImmel
german publIc auDItor