Konica Minolta 2006 Annual Report Download - page 53

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51
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 consolidated
subsidiaries as of March 31, 2006 and 2005, and the related consolidated statements of income, shareholders' equity,
and 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 consolidated subsidiaries as of March 31, 2006
and 2005, 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.
As described in Note 2(g), effective for the year ended March 31, 2006 Konica Minolta Holdings, Inc. and its
consolidated subsidiaries adopted new accounting standards for impairment of fixed assets.
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 23, 2006