ANNUAL REPORT 2006 - DG Hyp

In regular discussions with the Chairman of the Management Board outside the meetings, the
Chairman of the Supervisory Board and the Chairman of the Audit Committee and the Risk and
Participations Committee also discussed key decisions, particular transactions and the bank’s
business growth.
Ernst & Young AG Wirtschaftsprüfungsgesellschaft Steuerberatungsgesellschaft, Hamburg,
presented a declaration of independence to the Supervisory Board and audited the annual
financial statements as of 31 December 2006, including the accounting and management report
of DG HYP for the 2006 financial year from 1 January 2006 to 31 December 2006 presented
to it by the Management Board, and found these to be in line with statutory requirements.
It issued an unqualified audit opinion. The audit reports were submitted to members of the
Supervisory Board, and were discussed in detail. The Supervisory Board agreed to the results
of the audit by the auditors.
The auditor participated in the Supervisory Board Meeting to adopt the annual financial statements
according to section 171 (1) sentence 2 of the Aktiengesetz (AktG – German Public
Limited Companies Act), and in the preparatory meetings of the Audit Committee and the
Risk and Participations Committee, and reported on the key audit findings. He was available to
answer the Supervisory Board’s questions.
The Supervisory Board, and the Audit Committee formed from amongst its number, reviewed in
detail the annual financial statements of DG HYP and the management report of DG HYP in their
meetings, and acknowledged and approved the findings of the auditor's audit. They did not
have any objections to the annual financial statements and the annual report, which includes the
management report.
The Supervisory Board approved the financial statements of DG HYP prepared by the Management
Board in its meeting on 8 March 2007. The financial statements are thus confirmed.
The Supervisory Board would like to thank the Management Board and all of the company’s
employees for their work during 2006.
Hamburg – Berlin, 8 March 2007
Deutsche Genossenschafts-Hypothekenbank
Aktiengesellschaft
The Supervisory Board
Wolfgang Kirsch
Chairman of the Supervisory Board
Deutsche Genossenschafts-Hypothekenbank AG | Annual Report 2006
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