Consolidated Financial Statements of the Stadtwerke Leipzig Group ...

Audit certificate
“We have carried out an audit on the annual
financial statements (consisting of the balance
sheet, the profit and loss account and the notes
to the annual financial statements) including
the accounting, and on the management report
of Stadtwerke Leipzig GmbH, Leipzig, for the
financial year from 1 January to 31 December
2009. Pursuant to section 10 subsection 4 of the
German Energy Industry Act [EnWG], the audit
also included an examination of compliance
with the unbundling obligations in the internal
rendering of accounts pursuant to section 10
subsection 3 of the EnWG. Accounting, the
preparation of the annual financial statements
and the management report pursuant to the
regulations of German commercial law, and
compliance with the obligations pursuant to
section 10 subsection 3 of the EnWG are the responsibility
of the company’s management. Our
task is to issue an assessment, on the basis of our
audit, of the annual financial statements including
the accounting, the management report and
the internal rendering of accounts pursuant to
section 10 subsection 3 of the EnWG.
We performed our audit of the annual financial
statements pursuant to section 317 of the (German)
Commercial Code [HGB] and in accordance
with the German principles on the orderly
auditing of annual accounts issued by the (German)
Institute of Chartered Accountants [IDW],
according to which an audit must be planned
and executed in such a way as to obtain reasonable
assurance that any mistakes or infringements
that seriously affect the view of the net worth,
financial position and income situation presented
by the annual financial statements according
to the principles of orderly accounting, and by
the management report, will be recognized, and
to obtain reasonable assurance that the obligations
pursuant to section 10 subsection 3 of the
EnWG have been met in all essential aspects. In
planning the audit, knowledge of the company’s
business operations, economic circumstances
and legal situation are taken into account, as are
expectations of possible errors. In the course
of the audit, the effectiveness of the internal
accounting-control system and evidence backing
up information given in the accounting, the
annual financial statements and the manage-
62 | Annual Financial Statements of Stadtwerke Leipzig GmbH