Corporate Magazine 2012 - Boehringer Ingelheim

AUDITOR’S REPORTWe have audited the consolidated financial statementsprepared by C.H. Boehringer Sohn AG &Co. KG, Ingelheim - comprising the balancesheet, the income statement, statement of changesin equity, cash flow statement and the notes to theconsolidated financial statements, together withthe group management report for the businessyear from 1 January to 31 December 2012. Thepreparation of the consolidated financial statementsand the group management report in accordancewith German commercial law is the responsibilityof the Managing Directors of themanaging corporate general partner. Our responsibilityis to express an opinion on the consolidatedfinancial statements and the group managementreport based on our audit.We conducted our audit of the consolidated financialstatements in accordance with § (Article) 317HGB (German Commercial Code) and Germangenerally accepted standards for the audit of financialstatements promulgated by the Institutder Wirtschaftsprüfer (Institute of Public Auditorsin Germany) (IDW). Those standards requirethat we plan and perform the audit such that misstatementsmaterially affecting the presentationof the net assets, financial position and results ofoperations in the consolidated financial statementsin accordance with (German) principles of properaccounting and in the group management reportare detected with reasonable assurance. Knowledgeof the business activities and the economicand legal environment of the Group and expectationsas to possible misstatements are taken intoaccount in the determination of audit procedures.The effectiveness of the accounting-related internalcontrol system and the evidence supportingthe disclosures in the consolidated financial statementsand the group management report are examinedprimarily on a test basis within the frameworkof the audit. The audit includes assessingthe annual financial statements of the companiesincluded in consolidation, the determination ofthe companies to be included in consolidation,the accounting and consolidation principles usedand significant estimates made by the ManagingDirectors of the managing corporate general partner,as well as evaluating the overall presentationof the consolidated financial statements and thegroup management report. We believe that ouraudit provides a reasonable basis for our opinion.66Boehringer Ingelheim annual report 2012