Page 50 - Annual Report 2019

Supervisory Board Report
Group Management Report
Consolidated Financial Statements
Annexes

• We express an opinion on the overall presentation, structure and content of the consolidated
financial statements, including the disclosures, and on whether the consolidated financial
statements present the underlying transactions and events in such a way that they provide a true
and fair view of the net assets, financial position and results of operations of the Group in
accordance with German principles of proper accounting.

• We obtain sufficient, suitable audit evidence for the accounting information of the companies or
business activities within the Group to express an opinion on the consolidated financial statements
and the Group management report. We are responsible for directing, monitoring and performing
the audit of the consolidated financial statements. We bear sole responsibility for our audit
opinion.

• We assess whether the Group management report is consistent with the consolidated financial
statements, whether it conforms to applicable laws and the picture it presents of the Group
as a whole.

• We perform audit procedures on the forward-looking statements presented by the Management
Board in the Group management report. On the basis of sufficient, suitable audit evidence,
we verify in particular the material assumptions underlying the forward-looking statements
made by the Management Board and assess proper inferences made based on the assumptions
from these forward-looking statements. We do not express an independent opinion on the
forward-looking statements or the underlying assumptions. There is a significant, unavoidable
risk that future events will differ materially from the forward-looking statements.

Among other things, we discuss the planned scope and timing of the audit and significant findings
of the audit, including any deficiencies in the internal control system that we identify during our
audit with the individuals who are responsible for oversight.

Munich, 30 April 2020

Deloitte GmbH
Wirtschaftsprüfungsgesellschaft

Klaus Löffler Tanja Markert
Auditor Auditor

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