This combined management report includes both the Group management report in accordance with § 315 (5) of the German Commercial Code (Handelsgesetzbuch, “HGB”) and the management report of Borussia Dortmund GmbH & Co. KGaA in accordance with § 298 (2) HGB. The following definitions apply:
“Borussia Dortmund” refers to the Group and the parent company, the “Borussia Dortmund Group” or “Group” mean the Group, and “Borussia Dortmund KGaA” (also referred to as “Borussia Dortmund GmbH & Co. KGaA”) is the parent company.
The report covers the performance, position and expected development of both the Borussia Dortmund Group and Borussia Dortmund GmbH & Co. KGaA. The report begins by discussing Borussia Dortmund’s performance and then describes the net assets, financial position and results of operations along with the financial and non-financial performance indicators of the Borussia Dortmund Group. Please refer to the separate section entitled “Information on Borussia Dortmund GmbH & Co. KGaA” at the end of this combined management report for information on the position and expected development of Borussia Dortmund GmbH & Co. KGaA.*
The consolidated financial statements as at 30 June 2023 of Borussia Dortmund GmbH & Co. KGaA were prepared in accordance with the International Financial Reporting Standards (IFRSs), as adopted in the European Union and applicable as at the end of the reporting period, and the supplementary provisions of German commercial law in conjunction with the German Accounting Standards (GAS). The annual financial statements of Borussia Dortmund GmbH & Co. KGaA are prepared in accordance with the provisions of the German Commercial Code (HGB) and the German Stock Corporation Act (Aktiengesetz, “AktG”).
* This chapter is not presented in the online report.