Group Management Report Products Safety Environment Human Resources Social Commitment Consolidated Financial Statements 99
The independent auditor has issued the following unqualified auditors’ report on the consolidated
financial
statements comprising the notes that are not included in this condensed version.
Independent Auditors’ Report
We have audited the consolidated financial statements prepared by the ALTANA Aktiengesellschaft,
Wesel, comprising the statement of financial position, the income statement and the statement
of comprehensive income, the statement of changes in shareholders’ equity, the statement of cash
flows, and the notes to the consolidated financial statements, together with the group management
report for the business year from January 1 to December 31, 2016. The preparation of the consolidated
financial statements and the group management report in accordance with the IFRS, as
adopted
by the EU, and the additional requirements of German commercial law pursuant to section
315a (1) HGB (“Handelsgesetzbuch“: German Commercial Code) are the responsibility of the
parent
Company’s Board of Managing Directors. Our responsibility is to express an opinion on the
consolidated financial statements and on the group management report based on our audit.
We conducted our audit of the consolidated financial statements in accordance with section
317 HGB and German generally accepted standards for the audit of financial statements promulgated
by the Institut der Wirtschaftsprüfer (Institute of Public Auditors in Germany) (IDW). Those
standards require that we plan and perform the audit such that misstatements materially affecting
the presentation of the net assets, financial position and results of operations in the consolidated
financial statements in accordance with the applicable financial reporting framework and in the
group management report are detected with reasonable assurance. Knowledge of the business activities
and the economic and legal environment of the Group and expectations as to possible misstatements
are taken into account in the determination of audit procedures. The effectiveness of the
accounting-related internal control system and the evidence supporting the disclosures in the consolidated
financial statements and the group management report are examined primarily on a test
basis within the framework of the audit. The audit includes assessing the annual financial statements
of those entities included in consolidation, the determination of the entities to be included in
consolidation, the accounting and consolidation principles used and significant estimates made
by the Company’s Board of Managing Directors, as well as evaluating the overall presentation of the
consolidated financial statements and the group management report. We believe that our audit
provides a reasonable basis for our opinion.
Our audit has not led to any reservations.
In our opinion based on the findings of our audit the consolidated financial statements comply
with the IFRS as adopted by the EU and the additional requirements of German commercial law
pursuant to section 315a (1) HGB and give a true and fair view of the net assets, financial position
and results of operations of the Group in accordance with these requirements. The group management
report is consistent with the consolidated financial statements, is in accordance with the legal
regulations and as a whole provides a suitable view of the Group’s position and suitably presents
the opportunities and risks of future development.
Cologne, Germany, February 28, 2017
PricewaterhouseCoopers Aktiengesellschaft
Wirtschaftsprüfungsgesellschaft
Jörg Sechser ppa. Claudia Uhlich
German Public Auditor German Public Auditor