pdf (2.5 MB) - METRO Group

Metro Group : annual report 2010 : BuSineSS
→ RePoRt oF tHe sUPeRVisoRY BoaRd
Board. as a result, the annual financial statements of metRo aG 2010 have been adopted. the supervisory
Board also supports the management Board’s proposed appropriation of the balance sheet profit after considering
shareholders’ interest in a disbursement and the Company’s interest in retained earnings.
Pursuant to § 312 of the German stock Corporation act, the management Board of metRo aG prepared
a report about relations with associated companies for the financial year 2010. the auditor reviewed this
report, issued a written statement about the findings of the review and issued the following opinion:
“after our due audit and assessment, we confirm that
1. the factual information in the report is correct,
2. in the legal transactions listed in the report, the Company’s expenses were not inappropriately high,
3. no circumstances related to the measures listed in the report required an assessment deviating
materially from that of the management Board.”
this report was submitted to the supervisory Board together with the audit report in a timely manner and was
discussed and reviewed particularly in terms of thoroughness and accuracy during the annual accounts meeting
that the supervisory Board held on 15 march 2011. the auditor attended this meeting, reported the key findings
of the review, and was at the supervisory Board’s disposal to answer questions and to provide information –
even in the absence of the management Board. the supervisory Board concurred with the findings of the
auditor’s review. in a concluding finding of its own review, the supervisory Board determined that no objections
have to be made with respect to the statement of the management Board at the conclusion of the report.
the aforementioned reviews by the supervisory Board of the 2010 annual and consolidated financial
statements, the 2010 management reports, the proposed appropriation of the balance sheet profit, and
the management Board’s 2010 report about relations with associated companies were prepared during a
joint meeting by the Presidential Committee and the accounting and audit Committee on 14 march 2011.
during this meeting, the committees thoroughly reviewed and discussed the annual and consolidated
financial statements, the management reports, the auditor’s auditing reports, the proposal on the appropriation
of the balance sheet profit, the management Board’s report on relations with associated companies
and the associated auditing review of the auditor in the presence of the auditor. the accounting and
audit Committee recommended that the supervisory Board approves the prepared financial statements
and endorses the management Board’s recommendation for appropriation of the balance sheet profit.
Appointments and resignations
mr Franz m. Haniel’s mandate as member and Chairman of the supervisory Board ended after the conclusion
of the annual General meeting of metRo aG on 5 may 2010. He was directly succeeded by Prof. dr
Jürgen Kluge, who was elected to the supervisory Board by the annual General meeting. mr Kluge was
elected by the supervisory Board to serve as its Chairman.
düsseldorf, 15 march 2011
the supervisory Board
prof. dr JürGen KluGe
CHaiRman
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