Konica Minolta 2000 Annual Report Download - page 32

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30 KONICA
Report of Independent Certified Public Accountants
KONICA CORPORATION AND CONSOLIDATED SUBSIDIARIES
To: The Board of Directors of
KONICA CORPORATION
We have audited the accompanying consolidated balance sheets of KONICA CORPORATION and its consolidated subsidiaries as of
March 31, 2000 and 1999, and the related consolidated statements of income and retained earnings and cash flows for the years then
ended, all expressed in Japanese Yen. Our audits were made in accordance with auditing standards, procedures and practices gener-
ally accepted and applied in Japan and, accordingly, included such tests of the accounting records and such other auditing procedures
as we considered necessary in the circumstances.
In our opinion, the consolidated financial statements referred to above present fairly the consolidated financial position of KONICA
CORPORATION and its consolidated subsidiaries as of March 31, 2000 and 1999, and the consolidated results of their operations and
their cash flows for the years then ended, in conformity with accounting principles and practices generally accepted in Japan (see Note 1)
applied on a consistent basis.
As described in Note 1, effective the year ended March 31, 2000, KONICA CORPORATION and its consolidated subsidiaries have
adopted new Japanese accounting standards for the preparation of consolidated financial statments and research and development
costs.
The amounts expressed in U.S. Dollars, provided solely for the convenience of the reader, have been translated on the basis set forth
in Note 2 to the accompanying consolidated financial statements.
Tokyo, Japan
June 29, 2000