Annual Report 2001 - KSPG AG

108
Consolidated financial statements 2001 of Kolbenschmidt Pierburg AG
Notes
Supplementary disclosures
Volume of services provided to/by
related companies:
€million Volume of
services rendered
2000 2001 2000 2001
Rheinmetall AG 0.2 0.2 6.4 4.9
Rheinmetall Service Gesellschaft mbH 0.0 0.0 0.0 1.2
Rheinmetall Finanz GmbH 0.1 0.0 0.0 0.0
Rheinmetall Informationssysteme GmbH 1.5 1.6 20.9 22.6
Jagenberg London Ltd. 0.0 0.0 0.2 0.2
(41) Supervisory and Executive Boards
For their duties performed on behalf of
the parent and its subsidiaries, Executive
Board members received a total
€1.9 million in the year under review
for 2001 and €0.1 million for 2000; in
fiscal 2000, they had received a total
€2.5 million for 2000. For the accrued
pension obligations to former Management
or Executive Board members and
their surviving dependants, a total
€3.8 million has been provided (up
from €3.5 million). Supervisory Board
fees amounted to €0.2 million in fiscal
2001 (virtually unchanged).
Düsseldorf, March 21, 2002
Kolbenschmidt Pierburg AG
The Executive Board
Volume of
services utilized
Dr. Kleinert
Dr. Merten Liebler
Dr. Engelskirchen Dr. Friedrich
Auditor’s report and opinion
Kolbenschmidt Pierburg AG
Düsseldorf, Germany
Independent group
auditor’s report and opinion
We have audited the consolidated financial
statements prepared by Kolbenschmidt
Pierburg AG and consisting
of balance sheet, income statement,
statement of changes in equity,
cash flow statement and the notes
thereto, for the fiscal year ended December
31, 2001. The consolidated
financial statements in accordance with
the IASC’s International Accounting
Standards (IAS) are the responsibility
and assertions of the Company’s
Executive Board. Our responsibility
is, based on our audit, to express an
opinion on whether the consolidated
financial statements conform with IAS.
We have conducted our audit of the
consolidated financial statements in
accordance with German auditing
regulations and with due regard to
generally accepted standards on the
audit of financial statements as established
by IDW, the Institute of Sworn
Public Auditors in Germany. Those
standards require that we plan and
perform the audit to obtain reasonable
assurance about whether the consolidated
financial statements are free of
any material misstatement. An audit
includes examining, on a test basis,
the evidence supporting the amounts
and disclosures in the consolidated
financial statements. The audit also
involves assessing the accounting
principles used, and significant estimates
made, by the Executive Board,
as well as evaluating the overall presentation
of the consolidated financial
statements. We believe that our audit
provides a reasonable basis for our
opinion.
Based on our audit, it is our opinion
that the consolidated financial statements,
in accordance with the IAS,
present a true and fair view of the
Group’s net assets, financial position
and results of operations as well as of
its cash flows in the fiscal year under
review.
Our audit, which in accordance with
German auditing regulations also
covered the group management report
as prepared by the Executive Board
for the fiscal year ended December 31,
2001, has not resulted in any objections
or exceptions. It is our opinion
that the group management report
presents fairly both the Group’s overall
position and the risks inherent in its
future development. In addition, we
confirm that the consolidated financial
statements and group management
report for the fiscal year ended
December 31, 2001, satisfy the requirements
for exempting the Company
from preparing consolidated financial
statements and a group management
report in accordance with German law.
Düsseldorf, March 22, 2002
PwC Deutsche Revision
Aktiengesellschaft
Wirtschaftsprüfungsgesellschaft
Bovensiepen Schwalm
Wirtschaftsprüfer Wirtschaftsprüfer
109