General

The consolidated financial statements of Freudenberg & Co. Kommanditgesellschaft, Weinheim, for 2003 have been drawn up in accordance with the International Financial Reporting Standards (IFRS) and the interpretations of the International Financial Reporting Interpretations Committee (IFRIC) of the International Accounting Standards Board (IASB) effective at the balance sheet date. The statements are in accordance with the directives of the European Union concerning group accounting. Comparative figures for the previous financial year were based on the same principles.
As Freudenberg & Co. Kommanditgesellschaft (referred to below as “Freudenberg & Co.”) is a partnership, it does not meet the requirements of Section 292a of the German Commercial Code concerning exemption. Freudenberg & Co. therefore also draws up and publishes financial statements in accordance with the German Commercial Code.
The Group currency is the Euro. All amounts are indicated in million Euro.