PDF (7.3 MB) - GILDEMEISTER Interim Report 3rd Quarter 2012

212Consolidated Financial Statements of gildemeister Aktiengesellschaft: Auditor’s ReportAuditor’s Reportconsolidated financialstatementsWe have audited the consolidated financial statements prepared by the gidlemeisterAktiengesellschaft, Bielefeld, comprising the income statement, statement of comprehensiveincome, statement of financial position, statement of changes in equity, statementof cash flows and the notes, together with the group management report for the businessyear from January 1, to December 31, 2010. The audit does not comprise the audit ofthe contents of the declaration of compliance according to § 161 AktG (German LimitedCompanies Act) included in the business report. The preparation of the consolidatedfinancial statements and the group management report in accordance with ifrss, asadopted by the eu, and the additional requirements of German commercial law pursuantto § 315a Abs. 1 hgb [Handelsgesetzbuch “German Commercial Code”] are the responsibility of the parent company`s management. Our responsibility is to express an opinionon the consolidated financial statements and on the group management report basedon our audit.We conducted our audit of the consolidated financial statements in accordancewith § 317 hgb [Handelsgesetzbuch “German Commercial Code”] and German generallyaccepted standards for the audit of financial statements promulgated by the Institut derWirtschaftsprüfer [Institute of Public Auditors in Germany] (idw). Those standardsrequire that we plan and perform the audit such that misstatements materially affectingthe presentation of the net assets, financial position and results of operations in theconsolidated financial statements in accordance with the applicable financial reportingframework and in the group management report are detected with reasonable assurance.Knowledge of the business activities and the economic and legal environment of theGroup and expectations as to possible misstatements are taken into account in thedetermination of audit procedures. The effectiveness of the accounting-related internalcontrol system and the evidence supporting the disclosures in the consolidated financialstatements and the group management report are examined primarily on a test basiswithin the framework of the audit. The audit includes assessing the annual financialstatements of those entities included in consolidation, the determination of entities tobe included in consolidation, the accounting and consolidation principles used and significantestimates made by management, as well as evaluating the overall presentation ofthe consolidated financial statements and group management report. We believe that ouraudit provides a reasonable basis for our opinion.Our audit has not led to any reservations.