E_mg_GB_03_vorne-29_3_04

14
Transparency of accounting and auditing
mg technologies ag undertakes to ensure transparency in its financial reporting. To this
end, the company has been publishing its consolidated financial results in accordance
with United States generally accepted accounting principles (U.S. GAAP) since its
1999/2000 fiscal year. The parent company’s financial results continue to be prepared
in accordance with the German Commercial Code (HGB).
The Supervisory Board commissions the auditors elected by the Annual Shareholders’
Meeting to audit the company’s financial statements and stipulates the auditors’ schedule
and fees. In doing so, it ensures that the auditors’ work is not compromised by conflicts
of interest. The Supervisory Board has obtained an undertaking from the auditors that
they will inform it immediately if, when conducting their audit, they ascertain any facts
that are inconsistent with the declaration of compliance issued by the Executive Board
and the Supervisory Board.
Full disclosure for public and shareholders
mg technologies ag provides all of its stakeholders with timely, comprehensive and identical
information. To this end, the company makes its annual and interim reports, press
releases and other relevant information available on the internet. It also organizes regular
analysts’ meetings, press conferences, and events for investors.
The company complies with legal regulations by publishing immediately any facts that
could influence its share price on the stock market in the form of ad hoc releases, which
are also made available on its website.
All material information published in writing is also made publicly available in English.