•   Contact

Home Governance Report of the Supervisory Board

Report of the Supervisory Board

Annual Report

The Supervisory Board is pleased to present the annual report, which includes the financial statements for 2013. The financial statements were compiled by the Management Board. PricewaterhouseCoopers Accountants NV have audited the financial statements and issued an unqualified audit opinion. For further details, see ‘Other information’ under the Financial Statements section of this report. The Audit Committee has discussed the financial statements extensively with the Chief Financial Officer (CFO), her team and the external auditor. The Supervisory Board subsequently discussed the annual report with the Management Board in the presence of the external auditor. These discussions have convinced the Supervisory Board that this annual report meets all relevant regulations and fulfils all governance and transparency requirements and that it provides a sound basis for our Board’s supervisory accountability.

The Supervisory Board approves the financial statements and concurs with the Management Board’s proposal to distribute a dividend of 135 million euros on the issued share capital. After a withdrawal from the revaluation reserve amounting to 5 million euros and a release from the other statutory reserves of 5 million euros, the remaining portion of 93 million euros will be added to the retained earnings. The financial statements will be put before the General Meeting of Shareholders for adoption on 16 April 2014. The Supervisory Board proposes that the Management Board be granted discharge in respect of the management carried out, that the Supervisory Board be granted discharge for the supervision exercised and that the financial statements be adopted.