Konica Minolta 2005 Annual Report Download - page 55

Download and view the complete annual report

Please find page 55 of the 2005 Konica Minolta annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 60

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60

53
REPORT OF INDEPENDENT AUDITORS
Konica Minolta Holdings, Inc. and Consolidated Subsidiaries
To the Board of Directors of
Konica Minolta Holdings, Inc.
We have audited the accompanying consolidated balance sheets of Konica Minolta Holdings, Inc. and its subsidiaries as
of March 31, 2005 and 2004, and the related consolidated statements of income, of shareholders' equity, and of cash
flows for the years then ended, all expressed in Japanese Yen. These consolidated financial statements are the
responsibility of the Company's management. Our responsibility is to express an opinion on these consolidated
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 consolidated financial statements
are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and
disclosures in the consolidated financial statements. An audit also includes assessing the accounting principles used
and significant estimates made by management, as well as evaluating the overall consolidated financial statement
presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the
consolidated financial position of Konica Minolta Holdings, Inc. and its subsidiaries as of March 31, 2005 and 2004, 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 amounts expressed in U.S. dollars, which are provided solely for the convenience of the reader, have been
translated on the basis set forth in Note 3 to the accompanying consolidated financial statements.
Tokyo, Japan
June 24, 2005