kontinuita - Komunálna Poisťovňa

SUPERVISORY BOARD
REPORT
Supervisory Board report
Supervisory Board had received from the Board of Directors Financial Statements for the year ended on December
31, 2008, including the Notes, profit distribution proposal for year 2008, management and company assets status report
as of December 31, 2008, which the Supervisory Board had examined and thoroughly inspected.
As a result of this examination the Supervisory Board adopted unanimous resolution to approve the Annual Financial
Statements as of December 31, 2008, including the Appendix, the profit distribution proposal for year 2008, management
and company assets status report as of December 31, 2008, as well as the company’s Annual Report for 2008.
Furthermore, the Supervisory Board informs that, as a whole or in part through its Chairman, it has exercised the
opportunity to supervise operations of the Company’s Board of Directors. This was achieved through consultations with
respective Board members who provided, based on accounting records and documents, explanations pertaining to the
company’s business affairs.
In 2008 the company held one General Assembly, one extraordinary General Assembly and four Supervisory Board
meetings.
Supervisory Board further notifies the General Assembly that the company’s Financial Statements for year ended on
December 31, 2008 were audited by PricewaterhouseCoopers Slovensko, s.r.o., that the Supervisory Board received
auditors’ report, which was examined and reviewed and that this audit does not give rise to any objections. Supervisory
Board hereby declares that in reference to the Auditors’ Report it has no additional comments to make.
Furthermore the Supervisory Board informs that pursuant to § 18, par. 3), letter m) of the Company Articles, the General
Assembly is authorised to issue approval to execute contracts entered into pursuant to § 196a of the Commercial
Code. In order to ensure flexibility the General Assembly provided the Supervisory Board with a Power of Attorney
to execute contracts entered into pursuant to § 196a of the Commercial Code.
During the course of the business year 2008 the Supervisory Board had issued no such authorisation to execute contract
concluded pursuant to § 196a of the Commercial Code.
In Bratislava, May 2009
Ing. Juraj Lelkes
Supervisory Board Chairman
KONTINUITA ANNUAL REPORT 77