Annual Report 2004

ˆ
Report of the General Council
(Generalrat)
on the Annual Report
and the Financial Statements for 2004
The General Council (Generalrat)
fulfilled the duties incumbent on it
pursuant to the Nationalbank Act
1984 by holding its regular meetings,
by convening its subcommittees and
by obtaining the information required.
The Governing Board (Direktorium)
periodically reported to the
General Council on the BankÕs operations
and their current state, on
the conditions on the money, capital
and foreign exchange markets, on
important matters which arose in
the course of business, on all developments
of importance for an appraisal
of the monetary situation, on
the arrangements made for supervising
the OeNBÕs financial conduct and
on any other significant dispositions
and events affecting its operations.
The Financial Statements for the
year 2004 were given an unqualified
auditorsÕ opinion after examination
by the auditors elected by the
General Meeting of May 13, 2004,
the certified public accounts Pipin
Henzl and Peter Wolf, on the basis
of the books and records of the
Oesterreichische Nationalbank as
well as the information and evidence
provided by the Governing Board.
In its meeting of April 14, 2005,
the General Council approved the
Annual Report of the Governing
Board and the Financial Statements
for the business year 2004. The
General Council submits the Annual
Report and moves that the General
Meeting approve the Financial
Statements of the Oesterreichische
Nationalbank for the year 2004 and
discharge the General Council and
the Governing Board from responsibility
for management during the
preceding business year. Moreover,
the General Council requests that
the General Meeting approve the
allocation of the profit for the year
in accordance with the proposal made
in the notes to the Financial Statements
2004 (page 117).
Annual Report 2004 ×
119