flender catalog H2-KH-7-A Helical gear Reduction Box H2

Flender/Flender Gear Units/Helical gear Reduction Box H2

ank and in hand less short-term bank debts and exclusiveof deposit on collateral accounts. 4[Distribution of result for the year, the Managementsreport and Auditors report] Distribution of result for the year The result for the year is to be transferred to retained profit. The Managements financial reporting Today, the Board of Directors and Management have discussed and approvedthe annual accounts, consolidated annualaccounts and annual report. The annual ac-counts and the consolidated annual accountshave been presented in accordance with theapplicable accounting principles. We considerthe accounting policies to be appropriate, andthe accounts and the consolidated annualaccounts thus present true and fair view. Itis recommended that the annual accountsand consolidated annual accounts be adoptedby the Annual General Meeting for approval. Randers, 1 March 2 Management: Torben Bjerre-Madsen (President) Knud AndersenOle GunneskovPoul Anker LbkerPer Hornung Pedersen Board of Directors: Jrn Ankr Thomsen (Chairman) Freddy Frandsen (Vice Chairman) Erling Eskildsen Jrgen FrostEbbe FunkUlrich Hgenhaven (staff-elected) Jrn Kildegaard Mogens Nielsen (staff-elected) Anette Srensen (staff-elected)Auditors report We have audited the consolidated and annual accounts for 2 for NEG Micon /Sas presented by the management. Basis of opinion We planned and conducted our audit inaccordance with generally accepted Danishauditing principles and internationalstandards on auditing (ISA) to obtain reason-able assurance that the financial statementsare free from material misstatement. Based onan evaluation of materiality and risk, duringthe audit we tested the basis and documenta-tion for the amounts and disclosures in thefinancial statements. An audit includes anassessment of the accounting policies appliedand the accounting estimates made. In addi-tion, we evaluated the overall adequacy of thepresentation in the financial statements. Our audit did not result in any qualifications.Opinion In