Isuzu 2005 Annual Report Download - page 35

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Isuzu Motors Limited Annual Report 2005
FINANCIAL SECTION
To The Board of Directors
Isuzu Motors Limited
We have audited the accompanying consolidated balance sheets of Isuzu Motors Limited and consolidated
subsidiaries as of March 31, 2005, 2004 and 2003, and the related consolidated statements of operations,
shareholders’ equity, and cash flows for the years then ended, all expressed in yen. These financial
statements are the responsibility of the Company's management. Our responsibility is to express an
opinion on these financial statements based on our audits.
We conducted our audits in accordance with auditing standards generally accepted in Japan. Those
standards require that we plan and perform the audit to obtain reasonable assurance about whether
the financial statements are free of material misstatement. An audit includes examining, on a test basis,
evidence supporting the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by management, as well as
evaluating the overall financial statement presentation. We believe that our audits provide a reasonable
basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the
consolidated financial position of Isuzu Motors Limited and consolidated subsidiaries at March 31, 2005,
2004 and 2003, and the consolidated results of their operations and their cash flows for the years then
ended in conformity with accounting principles generally accepted in Japan.
The U.S. dollar amounts in the accompanying consolidated financial statements with respect to the year
ended March 31, 2005 are presented solely for convenience. Our audit also included the translation of
yen amounts into U.S. dollar amounts and, in our opinion, such translation has been made on the basis
described in Note 1.
June 29, 2005
Tokyo, Japan
See Note 1 to the consolidated financial statements which explains the basis of preparation of the consolidated financial
statements of Isuzu Motors Limited and consolidated subsidiaries under Japanese accounting principles and practices
Report of Independent Auditors