Výročná správa 2005 - Komunálna Poisťovňa

Supervisory Board report
Supervisory Board had received from the Board of Directors Financial Statements for the year ended on December 31, 2005, including the Notes,
profit distribution proposal for year 2005, management and company assets status report as of December 31, 2005, which the Supervisory
Board examined and thoroughly inspected.
As a result of this examination the Supervisory Board adopted unanimous decision to approve the Annual Financial Statements as of December
31, 2005, including Appendix, Profit distribution proposal for year 2005, Management and company assets status report as of December
31, 2005, as well as the company’s Annual Report for 2005.
Furthermore the Supervisory Board informs that, as a unit or in part through its Chairman, it has exercised the opportunity to supervise the operations
of the Company’s Board of Directors. This was achieved through consultations with respective Board members who provided, based on
accounting records and documents, explanations pertaining to the company’s business affairs.
In 2005 the company held one General Assembly, one Extraordinary General Assembly and four Supervisory Board meetings.
Supervisory Board informs the General Assembly that the company Financial Statements for year ended December 31, 2005 were audited by
PricewaterhouseCoopers Slovensko, s.r.o., that the Supervisory Board received auditors’ report, which was examined and discussed and that
this audit does not give rise to any objections. Supervisory Board hereby declares that it has no additional comments to make in reference to the
Auditors’ Report.
Furthermore the Supervisory Board further informs that pursuant to § 18, par. 3), letter m) of the Company Articles, the General Assembly is
authorised to issue approval to enter into contracts concluded pursuant to § 196 a) of the Commercial Code. In order to ensure flexibility the
General Assembly issued the Supervisory Board with a Power of Attorney to enter into contracts concluded pursuant to § 196 a) of the Commercial
Code.
During the course of the business year was given authorisation to enter into contract concluded pursuant to § 196 a) of the Commercial Code.
In Bratislava, May 2006
Ing. Juraj Lelkes
Supervisory Board Chairman
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