LensCrafters 2005 Annual Report Download - page 100

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|99<
REPORT OF INDEPENDENT
REGISTERED PUBLIC ACCOUNTING FIRM
LUXOTTICA GROUP S.P.A.
We have audited the accompanying Consolidated Balance Sheets of Luxottica Group S.p.A. (an Italian
corporation) and Subsidiaries (collectively, ‘‘the Company’’) as of December 31, 2004 and 2005 and the
related statements of consolidated income, shareholders’ equity and cash flows for each of the three
years in the period ended December 31, 2005. 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 the standards of the Public Company Accounting Over-sight
Board (United States of America). Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the Financial Statements are free of material misstatements. The
Company is not required to have, nor were we engaged to perform, an audit of its internal control over
financial reporting. Our audits included consideration of internal control over financial reporting as a basis for
designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing
an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we
express no such opinion. 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
Statements presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, such Consolidated Financial Statements present fairly, in all material respects, the
financial position of Luxottica Group S.p.A. and subsidiaries as of December 31, 2004 and 2005 and
the results of their operations and their cash flows for each of the three years in the period ended
December 31, 2005, in conformity with accounting principles generally accepted in the United States of
America. Our audits also comprehended the translation of Euro amounts into U.S. Dollar amounts and,
in our opinion, such translation has been made in conformity with the basis stated in Note 1. Such U.S.
Dollar amounts are presented solely for the convenience of readers in the United States of America.
Treviso, Italy
April 3, 2006
Member of
Deloitte Touche Tohmatsu