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Financial Statements Approved
The auditing commission convened three
times in fiscal year 2001/02. The commission
on human resources met four
times during this period.
The consolidated financial statements of
the MVV Energie Group for fiscal year
2001/02 have been prepared in accordance
with International Accounting
Standards (IAS). For this purpose, Deloitte
& Touche GmbH, Wirtschaftsprüfungsgesellschaft
in Mannheim, has audited
these consolidated financial statements
and has formulated the Independent Auditors’
Opinion, which has can be found in the part
Independent Auditors' Opinion of this annual report.
The financial statements of MVV Energie
AG in accordance with HGB and the consolidated
status report of MVV Energie
AG for fiscal year 2001/02 have also
been audited by Deloitte & Touche
GmbH in Mannheim. The Auditors’
Opinion for this has also been rendered
without qualification.
The consolidated financial statements of
the MVV Energie Group, the financial
statements and the consolidated status
report of MVV Energie AG as well as the
proposal of the Executive Board on utilisation
of earnings and the reports of the
auditors have been submitted to the
Supervisory Board. They have been examined
by the Supervisory Board and discussed
in the presence of the auditors.
The Supervisory Board have found no
grounds for objections based on their
own examination and have concurred
with the auditing results of Deloitte &
Touche GmbH in Mannheim. At its meeting
on December 13, 2002, the Supervisory
Board approved the financial statements
of both enterprises for fiscal year
2001/02 as well as the consolidated status
report, which were thus finalised, and
concurred with the proposal of the Executive
Board on utilisation of earnings.
The Executive Board has prepared a
report on the relations to subsidiaries
(report on intercompany contracts and
interdependencies) for fiscal year
2000/01 and therein explicitly declared
that MVV Energie AG has received commensurate
services rendered in return
pursuant to the specified legal transactions
with subsidiaries — in light of the
circumstances, which were known to said
Executive Board at the time of the undertaking
— and suffered no disadvantage.
Deloitte & Touche GmbH in Mannheim
have audited this report on intercompany
contracts and interdependencies and
have granted it an unqualified attestation.
This report on intercompany contracts
and interdependencies and the auditors’
report of Deloitte & Touche GmbH
in Mannheim were submitted to the
Supervisory Board. The Supervisory Board
has also examined the report on intercompany
contracts and interdependencies.
It has concurred with the judgement
of Deloitte & Touche GmbH in Mannheim
and has approved said report.
Moreover, the auditors have also examined
the risk-management system used at
MVV Energie AG. This examination has
shown that the system is legally appropriate
to the purpose.
In fiscal year 2001/02, Mr. Hans-Jürgen
Farrenkopf resigned his seat on the
Supervisory Board as of June 1, 2002. Mr.
Manfred Lösch was elected to serve as
the new Deputy Chairman of the Supervisory
Board as of June 27, 2002. On
June 1, 2002, Mr. Peter Dinges was elected
to take the place of Mr. Farrenkopf on
the Supervisory Board. We have expressed
our thanks to Mr. Farrenkopf for his
valuable contributions to our board. We
are looking forward to continuing the
fruitful co-operation with him in the coming
fiscal year, when he replaces Mr.
Klaus Curth as Director for Personnel,
Social and General Services as well as
Data Processing as of January 1, 2003.
On behalf of the Supervisory Board,
I would like to thank the Executive Board
and the employees of the MVV Energie
Group for their initiative and success in
the past fiscal year.
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Mannheim,
In December 2002
Supervisory Board |
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Gerhard Widder
Chairman
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