Annual Financial Statements
The annual financial statements of ALTANA AG, the consolidated financial statements for the
year ended December 31, 2017, and the management report of ALTANA AG, as well as
the Group management report were audited by PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft,
which was appointed by the Annual General Meeting and engaged
by the Audit Committee of the Supervisory Board, and it issued an unqualified audit opinion
in each case. The system for early risk recognition set up for the ALTANA Group pursuant
to section 91 of the German Stock Corporation Act was audited. The examination revealed
that the system is suitable for fulfilling its function.
The financial statement documentation, the Corporate Report, and the reports of Pricewater-
houseCoopers GmbH Wirtschaftsprüfungsgesellschaft on the audit
of the annual financial
statements and the consolidated financial statements, as well as the Management Board’s
proposal for the distribution of the profit, were made available to all Supervisory Board
members. The Audit Committee of the Supervisory Board dealt at length with this documentation.
The Supervisory Board plenum inspected the documentation and dealt with it in
depth at its balance sheet meeting in the presence of the auditor, who reported on the main
results of the examination. The Supervisory Board is in agreement with the findings of
the audit. Following its final examination, it has no grounds for objection. At its meeting of
March 15, 2018, the Supervisory Board approved the annual financial statements and
consolidated financial statements prepared by the Management Board. The annual financial
statements are thereby adopted. The Supervisory Board evaluated the Management
Board’s proposal for the distribution of the profit and is in agreement with its recommendation.
Report in Accordance with Section 312 of the German Stock
Corporation Act
The Management Board prepared a report in accordance with section 312 of the German
Stock Corporation Act on relations with affiliated companies for the 2017 fiscal year. The
Supervisory Board inspected this report and found it to be accurate. The auditor issued the
following audit opinion:
“On completion of our audit and assessment in accordance with professional standards,
we confirm that the factual information in the report is correct and that the consideration
made by the company for the transactions listed in the report was not unreasonably high.”
16 Report of the Supervisory Board