Ladies and gentlemen,
2018 was a successful year for Amprion GmbH. The company pushed ahead with restructuring work and the expansion of the transmission grid. Last year, Amprion was granted permits for a total of 144 project kilometres and accordingly started work on construction projects in a number of locations. One such project was a new power line being built along the existing route between Reutlingen and Herbertingen. A further focus of our work was on substations. The new stations in Lambsheim and Woringen were completed in 2018, and many more are under construction. In addition to numerous grid expansion projects, Amprion has put a great deal of effort into developing innovative solutions for transforming our energy system and integrating them into the grid. Important elements such as the synchronous compensator in Oberottmarshausen have already gone on line in recent months.
The Supervisory Board monitored the progress of the company in financial year 2018 closely. The board performs all duties and responsibilities required of it by company articles of legislation and, in particular, fulfils its monitoring and advisory functions vis-à-vis the executive management. To this end, the board requested written and verbal reports from the managing directors regarding the status of commercial operations, fundamental issues of business policy and the position and development of the company. Furthermore, the board discussed significant business transactions in depth with the management board and took all necessary decisions. Moreover, the Chairman of the Supervisory Board also discussed important individual transactions and matters of corporate strategy and business policy in meetings held with management outside the Supervisory Board meetings, in preparation for the committee meetings. Furthermore, the Audit Committee performed all duties and responsibilities required of it by company articles and, in particular, carried out all preparations for approval of the annual financial statements by the Supervisory Board.
The Supervisory Board held four meetings over the course of the reporting period. These meetings focused on the detailed reports submitted by the managing directors relating to the position of the company, including the sales trends, earnings performance and the company’s strategic goals. In addition, the Supervisory Board engaged in intensive discussion regarding the financial budget submitted for 2019 and approved said budget. Furthermore, the company’s long-term investment plans through to 2028 were likewise debated in great detail and approved by the Supervisory Board. The Supervisory Board has also concerned itself with the regulatory environment in which the company operates and the pending or effected changes to the legal framework.
BDO AG Wirtschaftsprüfungsgesellschaft of Düsseldorf, the auditors chosen in accordance with the resolution of the shareholders passed on 14 May 2018 and engaged by the company’s Supervisory Board to carry out the audit, has audited the annual financial statements and the management report of Amprion GmbH for financial year 2018, including the accounting, and issued an unqualified auditors’ opinion.
Following a detailed examination of the annual financial statements by the Audit Committee together with the auditors, the auditors’ report, the annual financial statements and the management report were delivered to the members of the Supervisory Board in good time, prior to the Supervisory Board meeting held on 9 April 2019, and also discussed in depth at this meeting. The auditors participated in the meetings of the Supervisory Board and reported on the fundamental results of their audit. Furthermore, the auditors were also available to provide supplementary information as required. The Supervisory Board has endorsed the results of the audit. For its part, the board has studied the annual financial statements and the management report prepared by the executive management. In accordance with the final results of its review, the Supervisory Board confirms that no objections are to be raised. The Supervisory Board has approved the management report and the annual financial statements for financial year 2018, and the financial statements are thus adopted.
The following changes were made to the composition of the Supervisory Board in financial year 2018:
Dr Andreas Kretschmer resigned his office as a member of the Supervisory Board of Amprion GmbH with effect from 31 May 2018. A shareholders’ resolution adopted on 14 May 2018 elected Mr. Christian Mosel, Managing Director of Ärzteversorgung Westfalen-Lippe, Münster, as a member of the Supervisory Board of Amprion GmbH effective from 1 June 2018.
The Supervisory Board wishes to acknowledge and express its thanks and appreciation to the management and all employees of Amprion GmbH for their commitment and the work they have performed during financial year 2018.
Dortmund, 09 April 2019
Prof Heinz-Werner Ufer
Chairman of the Supervisory Board