Executive Board Statement
The Executive Board of adidas AG is responsible for the compilation, completeness and accuracy of the Group’s annual consolidated financial statements, the Group Management Report and the other information presented in the annual report. The consolidated financial statements 2006 were prepared in accordance with IFRS, as adopted by the European Union, and the additional requirements of German commercial law pursuant to § 315a section 1 German Commercial Code (Handelsgesetzbuch – HGB). The Group Management Report additionally complies with the requirements of the German Accounting Standard DRS 15.
To ensure accuracy and reliability of the underlying information, the content of the consolidated financial statements is based on the information reported in accordance with Group-wide guidelines which are consistent for all companies included in consolidation. The integrity of the reporting process and risk management systems is safeguarded by internal control systems established under the direction of the Executive Board. These control systems form an essential part of our value-oriented management style. As a consequence, a true and fair view of the Group’s financial position, results of operations and cash flows and its reporting thereon is assured and the Executive Board is in a position to recognize potential investment risks and negative developments at an early stage and take appropriate countermeasures.
In accordance with the resolution adopted by the shareholders at the Annual General Meeting in 2006, KPMG Deutsche Treuhand-Gesellschaft Aktiengesellschaft Wirtschaftsprüfungsgesellschaft, Frankfurt am Main, was appointed by the Supervisory Board as independent auditor to audit the financial statements and consolidated financial statements and the management reports. The Supervisory Board examined and discussed the financial statements and consolidated financial statements, including the management reports, as well as the audit reports at its meeting on the annual financial statements. The results of these reviews are described in the Supervisory Board Report.
Herzogenaurach, March 2007
