The consolidated financial statements of HUGO BOSS AG for the year ending December 31, 2006, were prepared in accordance with the accounting principles of the International Accounting Standards Board (IASB), the International Financial Reporting Standards (IFRS). All International Financial Reporting Standards (IFRS) and International Accounting Standards (IAS) as well as interpretations of the International Financial Reporting Interpretations Committee (IFRIC) applicable to fiscal 2006 have been taken into account. The preparation of the consolidated financial statements requires – in the case of certain items – that assumptions are made that may impact the recognition of such items in the consolidated balance sheet and the consolidated income statement, as well as in the disclosure of other financial liabilities and contingent liabilities.

To improve clarity of presentation, various items in the consolidated balance sheet and the consolidated income statement have been combined. These items are listed separately and discussed in the notes to the consolidated financial statements.

The preparation of the consolidated financial statements in EUR thousand may cause rounding differences when adding individual items, since the calculation of the individual items is based on figures stated in euros.