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ePaper created 2014-04-29, 17:58:02 | version 1.30.00
DEUTSCHEEUROSHOPANNUALREPORT2013 016 Financial statements of Deutsche EuroShop AG and the Group for the period ending 31 December 2013 At the Audit Committee meeting on 15 April 2014 and the Supervisory Board meeting on 23 April 2014, the Audit Committee and the Super- visory Board respectively examined in detail the annual financial state- ments of Deutsche EuroShop AG in accordance with German commercial law, and the consolidated financial statements in accordance with Inter- national Financial Reporting Standards (IFRS), each as at 31 December 2013, as well as the management report and group management report for financial year 2013. The documents relating to the financial statements, the auditor’s reports and the Executive Board’s proposal for the utilisation of the unappropriated surplus were presented to us in good time. The audi- tor appointed by the Annual General Meeting on 20 June 2013 – BDO AG Wirtschaftsprüfungsgesellschaft, Hamburg – had already audited the financial statements and issued an unqualified audit opinion in each case. The auditor also confirmed that the accounting policies, meas- urement methods and methods of consolidation in the consolidated financial statements complied with the relevant accounting provisions. In addition, the auditor determined in the course of its assessment of the risk management system that the Executive Board had undertaken all required measures pursuant to section 91 (2) AktG to promptly iden- tify risks that could jeopardise the continued existence of the Company. The auditor’s representatives took part in the discussion of the annual financial statements and the consolidated financial statements on the occasions of the Audit Committee meeting on 15 April 2014 and the Supervisory Board meeting on 23 April 2014 and explained the main findings. Following its own examination of the annual financial statements of Deutsche EuroShop AG, the consolidated financial statements and the corresponding management reports, the Supervisory Board did not raise any objections. It agreed with the findings of the auditor’s exam- ination and approved the annual financial statements of Deutsche EuroShop AG and the consolidated financial statements. The annual financial statements have thus been adopted. The Supervisory Board endorses the Executive Board’s proposal for the utilisation of the unap- propriated surplus and distribution of a dividend of €1.25 per share. The Company’s success in financial year 2013 was the result of its sustainable, long-term strategy and the dedication shown by the Exec- utive Board and our employees, for which the Supervisory Board would like to express its particular gratitude. Hamburg, 23 April 2014 Manfred Zaß, Chairman The Audit Committee also discussed the quarterly financial reports with the Executive Board in conference calls on 14 May, 12 August and 11 November 2013. The Capital Market Committee did not meet in 2013. Corporate Governance In November 2013, together with the Executive Board, we issued an updated declaration of conformity in relation to the recommendations of the government commission pursuant to section 161 of the Aktien- gesetz (German Public Companies Act – AktG) and made this perma- nently available on the Deutsche EuroShop AG website. A separate report on the implementation of the German Corporate Governance Code is included in this Annual Report. The members of the Super- visory Board and the Executive Board declared in writing at the begin- ning of 2014 that no conflicts of interest had arisen. Manfred Zaß Chairman of the Supervisory Board