Annual Financial Statement P&I Personal & Informatik AG April 1 ...

Auditors' certificate
"We have examined the annual financial statements- comprising the balance sheet, the income statement,
as well as the notes to the accounts - including an assessment of the accounting and of the Management
report combined with the Group Management report of P&I Personal and Informatik Aktiengesellschaft,
Wiesbaden, for the fiscal year from April 1, 2010 to March 31, 2011. The accounting
and preparation of these annual financial statements and Management report in compliance with German
commercial legislation are the responsibility of the company’s Board of Directors. Our task is to
submit an assessment, based on the audit we perform, of the annual financial statements, including an
assessment of the accounting and of the Management report.
We have conducted our audit pursuant to § 317 of the German Commercial Code (HGB) taking into
account the generally accepted German auditing principles laid down by the Institut der
Wirtschaftspruefer (Institute of Auditors). According to these, an audit is to be planned and performed
in such a manner that it can detect with adequate certainty any inaccuracies and violations that have a
material impact on the view presented of the assets, financial situation, and profitability, as conveyed
by the annual financial statements prepared in accordance with the generally accepted accounting
principles, and by the Management report. Knowledge regarding the company’s business activities, its
commercial and legal environment, and expectations regarding possible errors are considered when establishing
audit procedures. The effectiveness of the company’s accounts-related internal control
mechanisms and supporting evidence for valuations and information reported in the accounting, annual
financial statements and Management report are assessed during the audit chiefly on a randomsample
basis. The audit includes an evaluation of accounting principles applied and the significant estimates
made by the Board of Directors as well as an appraisal of the general presentation of the financial
statements and the Management report. We believe that our audit provides a sufficiently reliable
basis for our assessment.
Our audit has not led to any objections being raised.
According to our assessment, based on the knowledge we gained through the audit we performed, the
annual financial statements of the P&I Personal & Informatik Aktiengesellschaft, Wiesbaden, comply
with the statutory provisions and present, in accordance with generally accepted accounting principles,
an accurate account of the assets, financial situation and profitability of the Company. The Management
report combined with the Group management report is consistent with the annual financial
statements, presents a true and accurate picture of the situation of the Company and gives a true representation
of the risks and opportunities involved in future development.“
Frankfurt am Main, May 19, 2011
Deloitte & Touche GmbH Wirtschaftsprüfungsgesellschaft
(Dr. Buhleier) (per procura Botsch)
Auditor Auditor