This excerpt taken from the NVS 20-F filed Jan 30, 2006.
These principles have been consistently, and without change, applied as in the preceding three years. The Consolidated Financial Statements have been certified by Hexals auditor without any limitations or qualifications.
The Consolidated Financial Statements are complete and correct and present completely and correctly the consolidated asset, financial and profit situation (Vermögens-, Finanz- und Ertragslage) of Hexal as of the dates thereof and the results of operations for the period indicated therein and there are no circumstances, which had they been known on the dates thereof would have required amendments to such Consolidated Financial Statements. No amendments to the Financial Statements are necessary or intended.
12. The audited financial statements (Einzelabschlüsse) of the Hexal Companies for the financial years ending December 31, 2003, December 31, 2002 and December 31, 2001 and to the extent that these are not available, the auditors reporting packages (together Financial Statements), the balance sheets and profit and loss accounts of which are attached as Annex 18 hereto, have been prepared in accordance with the respective applicable local accounting principles generally accepted in the relevant jurisdiction or the German Commercial Code (HGB), respectively.