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Henkel Annual Report 2011 - Henkel AG & Co. KGaA Annual Report ...

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154 <strong>Henkel</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2011</strong><br />

Pursuant to Section 322 (3) 1 German <strong>Co</strong>mmercial <strong>Co</strong>de, we<br />

state that our audit of the Group management report has not<br />

led to any reservations.<br />

In our opinion, based on the findings of our audit of the consolidated<br />

financial statements and of the Group management<br />

report, the Group management report is consistent with the<br />

consolidated financial statements, and as a whole provides a<br />

suitable view of the Group’s position and suitably presents<br />

the opportunities and risks of future development.<br />

Düsseldorf, January 27, 2012<br />

KPMG <strong>AG</strong><br />

Wirtschaftsprüfungsgesellschaft<br />

Prof. Dr. Kai C. Andrejewski<br />

Wirtschaftsprüfer<br />

(German Public Auditor)<br />

Michael Gewehr<br />

Wirtschaftsprüfer<br />

(German Public Auditor)”

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