By now, the annual accounts for the business year 2014 have been examined by Deloitte & Touche GmbH, auditors in Mannheim. There were no essential reasons for objection in terms of aims, documentation, verification, matching of expenses and income and interpretation of balance of accounts as well as the positions of profit and loss accounts.

As in the previous years, the auditors issued an unqualified auditor’s opinion.

Total assets are € 5.525 million, overall performance € 4.788 million, the operating result € 243.000 and the earning before taxes € 196.000.

The annual accounts were verified by the board of supervisors in their meeting on the 27th of May 2015. They will be presented and explained to shareholders at the general assembly on the 28th of August 2015.

Joseph Blaum