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