Annual Financial Statements. Representatives of the bank’s auditor attended the Financial Statements Meetings of the Supervisory Board and commented on questions raised. KPMG Deutsche Treuhand-Gesellschaft Aktiengesellschaft Wirtschaftsprüfungsgesellschaft, Frankfurt am Main, the auditor of the Annual Financial Statements elected at last year’s General Meeting, has audited the accounting, the Annual Financial Statements for 2003 and the Management Report as well as the Consolidated Financial Statements with Notes, and issued an unqualified opinion. After inspecting the reports of the auditor of the Annual Financial Statements, we agreed with the results of this audit.
Today, we established the Annual Financial Statements prepared by the Board of Managing Directors and agreed to the Consolidated Financial Statements. We agree with the proposal for the appropriation of profits and with the payment of a dividend of € 1.50 per no par value share entitled to dividend payment.
Personnel Issues. There were no personnel changes on the Board of Managing Directors during the reporting period.
The period of office of the members of the Supervisory Board ended with the close of the General Meeting on June 10, 2003. Adolf Kracht and Professor Dr.-Ing. E. h. Berthold Leibinger, representatives of the shareholders, and Gerald Herrmann, Peter Kazmierczak, Klaus Schwedler, Michael Freiherr Truchseß von Wetzhausen and Lothar Wacker, representatives of the employees, left the Supervisory Board. The General Meeting 2003 reelected Dr. rer. oec. Karl-Hermann Baumann, Dr. Rolf-E. Breuer, Dr. Ulrich Cartellieri, Sir Peter Job, Professor Dr. Henning Kagermann, Dr. Michael Otto, Tilman Todenhöfer and Dipl.-Ing. Albrecht Woeste for a period of office of around five years. Ulrich Hartmann and Dipl.-Ing. Dr.-Ing. E.h. Jürgen Weber were elected by the General Meeting as new members of the Supervisory Board, also for a five-year period of office.
Sabine Horn, Margret Mönig-Raane, Klaus Funk and Ulrich Kaufmann were confirmed as representatives of the employees on the Supervisory Board at the meeting of the electoral delegates on May 8, 2003. Henriette Mark, Gabriele Platscher, Karin Ruck, Rolf Hunck and Leo Wunderlich were elected for the first time.
We thank all of the members who left the Supervisory Board for their dedication and constructive assistance to the company and the Board of Managing Directors during the preceding year. We are convinced the new Supervisory Board will continue the tradition of this management body’s successful work.
The Supervisory Board thanks the Board of Managing Directors and the bank’s employees for their great personal dedication.
Frankfurt am Main, March 19, 2004
The Supervisory Board
Dr. Rolf-E. Breuer
Chairman
