Financial Statements and Management Report - Thyssenkrupp

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2.4 Financial statements Responsibility statement Responsibility statement To the best of our knowledge, and in accordance with the applicable reporting principles, the annual financial statements give a true and fair view of the assets, liabilities, financial position and profit and loss of the Company, and the management report includes a fair review of the development and performance of the business and the position of the Company, together with a description of the principal opportunities and risks associated with the expected development of the Company. Essen, November 29, 2011 ThyssenKrupp AG The Executive Board Hiesinger Berlien Claassen Eichler Kerkhoff Labonte 62
2.5 Financial statements Auditors’ report Auditors’ report We issued the following unqualified audit opinion: “Audit opinion We have audited the annual financial statements, comprising the statement of financial position, the income statement and the notes to the financial statements, together with the bookkeeping system and the management report of ThyssenKrupp AG, Duisburg and Essen, for the fiscal year from October 1, 2010 to September 30, 2011. The maintenance of the books and records and the preparation of the annual financial statements and management report in accordance with German commercial law are the responsibility of the Company’s management. Our responsibility is to express an opinion on the annual financial statements, together with the bookkeeping system, and the management report based on our audit. We conducted our audit of the annual financial statements in accordance with § 317 HGB [“Handelsgesetzbuch” “German Commercial Code”] and the generally accepted standards for the audit of financial statements promulgated by the Institut der Wirtschaftsprüfer [“Institute of Public Auditors in Germany “] (IDW). Those standards require that we plan and perform the audit such that misstatements materially affecting the presentation of the net assets, financial position and results of operations in the annual financial statements in accordance with German principles of proper accounting and in the management report are detected with reasonable assurance. Knowledge of the business activities and the economic and legal environment of the Company and expectations as to possible misstatements are taken into account in the determination of audit procedures. The effectiveness of the accounting-related internal control system and the evidence supporting the disclosures in the books and records, the annual financial statements and the management report are examined primarily on a test basis within the framework of the audit. The audit includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the annual financial statements and management report. We believe that our audit provides a reasonable basis for our opinion. Our audit has not led to any reservations. In our opinion, based on the findings of our audit, the annual financial statements comply with the legal requirements and give a true and fair view of the net assets, financial position and results of the operations of the Company, in accordance with German principles of proper accounting. The management report is consistent with the annual financial statements and as a whole provides a suitable view of the Company’s position and suitably presents the opportunities and risks of future development.” Düsseldorf, November 29, 2011 KPMG AG Wirtschaftsprüfungsgesellschaft Klaus Becker Michael Gewehr Wirtschaftsprüfer Wirtschaftsprüfer 63
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Financial Statements and Management
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1.1 Management report Profile and s
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1.1 Management report Profile and s
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1.2 Management report Results of op
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1.3 Management report Financial pos
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1.3 Management Report Financial pos
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Financial Statements and Management Report - Thyssenkrupp

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