Röhlig Annual Report 2011 pdf, 0 Pages, 4.8

AUDITOR’S CERTIFICATE ADVISORY BOARD REPORT
The following auditor’s certificate
was issued for the complete consolidated
accounts and the consolidated
management report:
“We have audited the consolidated accounts for
Röhlig & Co. Holding GmbH & Co. KG – comprising
the balance sheet, profit and loss account, notes
to the consolidated financial statements, cash flow
statement and statement of equity – and the consolidated
management report for the business
year from 1 January to 31 December 2011. The
preparation of the consolidated accounts and the
consolidated management report in accordance
with German commercial regulations lies within
the responsibility of the legal representatives of
the company. Our responsibility is to provide an
evaluation of the consolidated accounts and the
consolidated management report on the basis of
the audit which we carried out.
We conducted our audit of the consolidated
accounts pursuant to Section 317 of the German
Commercial Code (HGB) and in compliance with
the generally accepted German auditing standards
adopted by the Institute of Public Auditors in
Germany (IDW). These standards require that an
audit is planned and performed in such a way
that misstatements and infringements that would
materially affect the presentation of net assets,
finances and earnings in the consolidated
accounts in accordance with the applicable principles
of proper accounting and in the consolidated
management report can be detected with reasonable
assurance. In determining the audit procedures,
we take into account our knowledge of the business
activities, the economic and legal environment
of the consolidated companies and expectations
concerning possible errors. Within the framework
of the audit, the effectiveness of the accountingrelated
internal control system and the evidence
supporting the disclosures in the consolidated
accounts and the consolidated management
report are assessed primarily on a random test
basis. The audit includes assessment of the annual
statements of those companies included
in the consolidated accounts, the scope of the
consolidated companies, the accounting and
consolidation principles applied and significant
estimates made by the legal representatives as
well as evaluation of the overall presentation of
the consolidated accounts and the consolidated
management report. We believe that our audit
provides a reasonable basis for our evaluation.
Our audit has not led to any reservations.
According to our evaluation, based on the findings
obtained from the audit, the consolidated
accounts of Röhlig & Co. Holding GmbH & Co. KG
for the business year from 1 January to 31 December
2011 accord with the legal requirements
and provide a picture of the actual state of the
assets, finances and earnings of the consolidated
companies taking into account the principles of
correct accounting procedures. The consolidated
management report agrees with the consolidated
accounts and provides, on the whole, an accurate
picture of the consolidated companies’ position
and appropriately represents the opportunities and
risks of future development.”
Oldenburg, 13 April 2012
Treuhand Oldenburg GmbH
Auditing Company
Schürmann Witte
Auditor Auditor
Dear Ladies and Gentlemen,
Over the course of the last business year, the Advisory
Board has once again provided support
and advised management. At the meetings on
22 March and 9 May 2011, the company’s management
reported to the Advisory Board on the
developments within the Röhlig Group, including
the Group’s financial circumstances and plans for
the future. The newly created Röhlig Global Executive
Board assumed responsibility for reporting
at the meetings on 12 September and 18 October
2011. Following in-depth discussion of the relevant
questions and ideas, the Advisory Board offered
its advice and put forward recommendations.
The Röhlig Group has yet again achieved good
results for the 2011 business year. Worldwide the
Group expanded by around 15 per cent. In this, its
160th business year, the company recorded its
highest ever gross profit of Euro 96 million. Strong
growth in America and the Pacific region in particular
contributed to this success. From the
Advisory Board’s point of view, this confirms that
the company has adopted the correct strategy for
many years, namely that of a consistent and carefully
considered expansion plan to increase the net productivity
of the Röhlig Group. Despite the financial
and economic crisis it has thereby been possible
to double net productivity over the past six years.
The accountancy firm, Treuhand Oldenburg GmbH,
audited the 2011 annual accounts and issued an
unqualified audit report, thereby confirming that
this status record provides and confirms a true and
fair view of the financial and economic position of
the Röhlig Group. The Advisory Board agrees with
this assessment.
The Advisory Board would like to thank the members
of the Executive Board and all staff for the
commitment and dedication they have shown.
This was a key factor in the success of the last
business year.
Bremen, 20 April 2012
Dr. Hans-Edgar Schütte
Chairman of the Advisory Board
The Röhlig Advisory
Board (from left to right):
Dr. Andreas M. Odefey,
Thomas Bagusch,
Dr. Hans-Edgar Schütte,
Prof. Dr. Peer Witten
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