The Board of Directors of Wincor Nixdorf Aktiengesellschaft, Paderborn, is responsible for compiling the consolidated financial statements and the Group management report.
The consolidated financial statements have been compiled in accordance with German Accepted Accounting Principles and International Financial Reporting Standards (IFRS). The Group management report is consistent with the consolidated financial statements.
Reporting conformity and compliance with statutory requirements are ensured at the instruction of the Board of Directors through the establishment of effective internal control systems within the entities included in the consolidated financial statements. In addition, training and education initiatives ensure that the employees responsible for these activities are able to fulfill the requirements made of them. The observance of directives and regulations and the reliability and proper functioning of control systems are subject to continuous checks performed by means of internal auditing.
Together with reporting procedures that are conducted in accordance with uniform directives across the Group, these measures ensure that the numeric depiction of business activity corresponds to the entity’s actual circumstances and that the Board of Directors is in a position to identify changes in business and financial performance, as well as any resultant risks to the Company’s asset and financing positions, at an early stage.
The risk management systems established for use within the Group ensure, in accordance with legal requirements, that developments potentially able to pose a risk to the continued existence of Wincor Nixdorf Aktiengesellschaft and the Wincor Nixdorf Group are identified in good time and that corrective action can be taken where relevant. This also creates the basis for accurate information in the consolidated financial statements and Group management report, including the separate company accounts that they contain.
The Board of Directors is committed to the goal of continuously increasing the value of Wincor Nixdorf. The Group is managed and run under the principles of sustainable business management in the interests of shareholders and in awareness of its responsibility to employees, society and the environment in all countries in which Wincor Nixdorf operates.
The Board of Directors and the Supervisory Board of the Company have passed a joint declaration of compliance, pursuant to Article 161 of the German Stock Corporation Act, with the recommendations of the German Corporate Governance Code.
The consolidated financial statements and Group management report have been audited by KPMG Deutsche Treuhand-Gesellschaft Aktiengesellschaft in accordance with the resolution passed by the Annual General Meeting of shareholders and the instructions issued by the Supervisory Board. The consolidated financial statements, the Group management report and the auditor’s report were discussed in detail by the Supervisory Board’s Finance Committee, with the auditors in attendance. The Supervisory Board’s report contains details of the outcome of these deliberations.
KPMG Deutsche Treuhand-Gesellschaft Aktiengesellschaft has issued an unqualified audit opinion.
The Board of Directors of Wincor Nixdorf Aktiengesellschaft