On 16 April 2007 the Management Board of the Company presented the audited Annual Report of Gorenje, d.d. and the Gorenje Group for the Year 2007 to the Supervisory Board for approval. The Supervisory Board discussed the Annual Report at its meeting held on 24 April 2008.
The Annual Report of Gorenje, d.d. and the Gorenje Group for the year 2007 was audited by the auditing company KPMG Slovenija, d.o.o.. The audit was also performed in all subsidiary companies of the Gorenje Group. On 10 April 2008 the auditing company presented a positive opinion on the Annual Report of Gorenje, d.d. and the Consolidated Annual Report of the Gorenje Group for the Year 2007.
In reviewing the submitted Annual Report for the year 2007, the Supervisory Board took the following into consideration:
- the Company recorded a record-breaking sales volume and net profit in 2007;
- the Company realized the key categories of the economic plan in 2007;
- the Supervisory Board approved the proposed appropriation of net profit for 2007 and the determination of accumulated profit within the scope of powers granted to the Management Board and the Supervisory Board;
- the auditing company gave a positive opinion on the Annual Report for 2007 and the Supervisory Board had no remarks regarding the Auditor's Report;
- the Supervisory Board regularly monitored the management and operation of the Company and the Gorenje Group, and regularly discussed their operating results, financial position and assets.
The Supervisory Board has established that the Annual Report for 2007, as prepared by the Management board and reviewed by the auditing company, has been compiled clearly, transparently and in accordance with the provisions of the Companies Act and applicable International Accounting Standards. The Supervisory Board has also examined and approved the Auditor's Report. On the basis thereof, the Supervisory Board has assessed that the Annual Report presents a true and fair picture of the assets, liabilities, financial position and operating results, and gives a fair account of the business development and position of the Company and the Gorenje Group.
On the basis of the above-mentioned, the Supervisory approved, at its meeting held on 24 April 2008, the Annual Report of Gorenje, d.d. and the Consolidated Annual Report of the Gorenje Group for the Year 2007 as proposed by the Management Board. | 