Every day counts - Deutsche Beteiligungs AG

The financial statements of Deutsche Beteiligungs AG for financial year 2002/2003
and management’s report were audited and endorsed with an unqualified certificate by
KPMG Deutsche Treuhand-Gesellschaft Aktiengesellschaft Wirtschaftsprüfungsgesellschaft,
Frankfurt am Main, who were appointed as auditors at the previous Annual Meeting.
The same applies to the consolidated financial statements for financial year 2002/2003.
In his report, the auditor also discussed the Board of Management’s risk management
and surveillance system and found it suitable for early identification of developments
that may endanger the Company’s existence.
Helmut Irle will be leaving the Board of Management of Deutsche Beteiligungs AG
on the best of terms and by mutual agreement at the end of January 2004. The Supervisory
Board extends its thanks to Mr. Irle for his valuable contributions. Joining the
Board of Management are the Company's long-standing staff members and Senior Vice
Presidents André Mangin and Dr. Rolf Scheffels, who the Supervisory Board appointed
effective January 1, 2004. Commencing February 1, 2004, the Board of Management of
Deutsche Beteiligungs AG will thus consist of Wilken Freiherr von Hodenberg (Spokesman),
Torsten Grede, Reinhard Löffler, André Mangin, and Dr. Rolf Scheffels.
With the Board of Management and in the presence of the auditors, the Supervisory
Board reviewed in detail the financial statements at October 31, 2003, management’s
report on Deutsche Beteiligungs AG, the consolidated financial statements and the Group
management report, as well as the recommendation for the appropriation of profits.
The auditors reported on the results of their audit in general and on specific focal points
of their audit and provided in-depth information to inquiries by the members of the
Supervisory Board. There were no objections raised. The Supervisory Board approved
the financial statements of Deutsche Beteiligungs AG and the consolidated financial
statements of the Group in its meeting on January 23, 2004, which are thus adopted.
The Supervisory Board approved the recommendation for the appropriation of profits.
The Supervisory Board wishes to thank to the Board of Management and the entire
staff of Deutsche Beteiligungs AG in recognition of their performance and commitment
in the past financial year.
Frankfurt am Main, January 23, 2004
The Supervisory Board
Prof. Dr. Dieter Feddersen
Chairman
Deutsche Beteiligungs AG · Annual Report 2002/2003
Report of the Supervisory Board
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