Výroční zpráva\Annual Report - CETELEM ČR, as

Report of the Supervisory Board of
CETELEM CR, a.s.
In 2006 the Company’s Supervisory Board carried out its activities in
accordance with Section 197 et sequentes of Act No. 513/1991, the
Commercial Code, as amended, the Company’s Articles of Association,
and the conclusions adopted by general meetings.
On the basis of the information and documents available, the Supervisory
Board notes that the Company carried on its business in accordance
with the legal regulations in place, the Company’s Articles of
Association, and the resolutions passed by general meetings.
The Supervisory Board has reviewed the Board of Directors’ Report
on Relations between the Controlling Person and the Controlled Person
and Relations between the Controlled Person and Other Persons
Controlled by the Same Controlling Person for the accounting period
of 2006, and notes that:
» The Board of Directors’ Report on Relations between the Controlling
Person and the Controlled Person and Relations between the
Controlled Person and Other Persons Controlled by the Same Controlling
Person has been prepared in accordance with the requirements
of Act No. 513/1991, Section 66a;
» According to the information available to the Supervisory Board,
the Board of Directors’ Report is complete and the disclosures
made in it are correct;
» No operations have been found to be at variance with the customary
practice in arm’s length business and no damage to the Company
under relations between the Related Parties has been found.
Based on available information about the Company’s activities, an inspection
of the Company’s bookkeeping, an examination of the 2006
Financial Statements, and the Auditor’s Report on the audit of the 2006
Financial Statements, the Supervisory Board states the following:
» The Company’s bookkeeping has been maintained in accordance
with reality, the Act on Bookkeeping and other legal regulations,
and the Financial Statements thus give a true and fair view of the
financial affairs of the accounting unit;
» The regular Financial Statements were audited by Mazars Audit
s.r.o.; the Auditor’s Opinion on the Financial Statements presented
for the year ending 31 December 2006 was ‘without reservation’.
Based on the review of the ordinary Financial Statements for the year
ending 31 December 2006, the Supervisory Board recommends that
the sole shareholder of the Company:
» Approve the regular Financial Statements for the year ending 31
December 2006;
» Approve the Report of the Board of Directors’ proposal concerning
the distribution of profit as follows:
Net profit in the 2006 calendar year CZK 504,299,298.71
Profit to be distributed (including retained profit from previous periods) CZK 662,290,155.91
Dividend per share CZK 2,800
Total dividends CZK 504,000,000
Retained profit (including retained profit from previous periods) CZK 158,290,155.75
VÝROČNÍ ZPRÁVA\ANNUAL REPORT 2006 31