Annual Report 2011 - R+V Versicherung

Confirmation of the Annual Financial Statement
The audit committee and the Supervisory Board have examined
the Annual Financial Statement and the Management Report,
and the consolidated financial statement and the consolidated
management report for the 2011 fiscal year. The audit reports of
KPMG AG, Wirtschaftsprüfungsgesellschaft, was available for
this purpose. The auditor had issued an unrestricted audit certificate.
The representatives of the auditor participated in the meeting
of the audit committee held on 5 March 2012 to report on the
important audit findings. This meeting discussed the Annual
Financial Statement and the Management Report, the consolidated
financial statement and the consolidated management
report, as well as the respective audit reports. The main focal
points of the audit were important key performance indicators
of the balance sheet, provisions, early recognition system for
risk in accordance with § 91 Section 2 AktG (German Companies’
Act) and internal audits reports on the past year.
The Annual Financial Statement, the Management Report and
the consolidated annual financial statement and consolidated
management report for the 2011 fiscal year were examined by
the Supervisory Board. The representatives of the auditor were
present at the Supervisory Board meeting that confirmed the
Annual Financial Statement. They provided a summary report
to the Supervisory Board about their audit findings and were
available for additional explanations and statements.
The Supervisory Board raised no objections to the Annual Financial
Statement and consolidated financial statement for the
2011 fiscal year prepared by the Board of Management. The
Supervisory Board assented to the audit findings made by KPMG
AG, firm of auditors, which was appointed as the auditor in
accordance with § 341 k Section 2 HGB.
The Annual Financial Statement submitted by the Board of Management
for the 2011 fiscal year was approved by the Supervisory
Board at its meeting on 5 March 2012. Thus the Annual
Financial Statement has been confirmed in accordance with
Management Report 4 Annual Financial Statements 35 Further Information 62
Report of the Supervisory Board
§ 172 AktG. The consolidated financial statement submitted by
the Board of Management was approved by the Supervisory
Board in the same meeting.
The Supervisory Board expressed its agreement to the proposal
of the Board of Management concerning the appropriation of
net retained profits.
The report drawn up by the Board of Management on relationships
with affiliated companies and the audit report by the
auditor about this issue were submitted and examined.
The auditor issued the following audit certificate for the report
of the Board of Management on relationships with affiliated
companies:
‘We confirm, after our audit and evaluation and in accordance
with our duty, that
1. the factual statements made in the report are correct,
2. the remuneration paid by the Company with respect to the
legal transactions detailed in the report was not inappropriately
high.
The Supervisory Board assents to this assessment and raised no
objections to the closing declarations made by the Board of
Management about the relationships with affiliated companies.
Wiesbaden, 5 March 2012
The Supervisory Board
Kirsch
Chairman
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