Annual Financial Statements
The annual financial statements of ALTANA AG, the consolidated financial statements for the
year ended December 31, 2019, 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, and the examination revealed
that the system is capable of fulfilling its objectives.
The financial statement documentation, the Corporate Report, the reports of PricewaterhouseCoopers
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 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
without objections and its meeting of March 18, 2020, 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 2019 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 statements of the report are correct and that the consideration
paid by the company for the legal transactions in the report was not inappropriately high.”
18 Report of the Supervisory Board