Nissan 2007 Annual Report Download - page 86

The Board of Directors
Nissan Motor Co., Ltd.
We have audited the accompanying consolidated balance sheets of Nissan Motor Co., Ltd. and consolidated subsidiaries as of
March 31, 2007 and 2006, and the related consolidated statements of income and cash flows for each of the three years in the
period ended March 31, 2007, changes in net assets for the year ended March 31, 2007 and shareholders’ equity for the years
ended March 31, 2006 and 2005, 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 Nissan Motor Co., Ltd. and consolidated subsidiaries at March 31, 2007 and 2006, and the consolidated results of their
operations and their cash flows for each of the three years in the period ended March 31, 2007 in conformity with accounting
principles generally accepted in Japan.
Supplementary Information
(1) As described in Note 2(a) and (b), effective April 1, 2005, the Company and certain domestic consolidated subsidiaries
changed their method of accounting for forward exchange contracts and adopted a new accounting standard for the
impairment of fixed assets.
(2) As described in Note 2(d), effective April 1, 2006, the Company adopted a new accounting standard for presentation of net
assets in the balance sheet.
(3) As described in Note 2(e), effective the year ended March 31, 2007, 22 consolidated subsidiaries have been consolidated by
using their financial statements as of the parent’s fiscal year end prepared solely for consolidated purposes instead of those
as of their respective fiscal year end. In addition, 33 consolidated subsidiaries have changed their fiscal year end to March 31.
The U.S. dollar amounts in the accompanying consolidated financial statements with respect to the year ended March 31, 2007
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 3.
June 20, 2007
REPORT OF INDEPENDENT AUDITORS
Nissan Annual Report 2006-2007
84
»FINANCIAL SECTION
Certified Public Accountants
Hibiya Kokusai Bldg.
2-2-3, Uchisaiwai-cho
Chiyoda-ku, Tokyo, Japan 100-0011
C.P.O. Box 1196, Tokyo, Japan 100-8641
Tel : [phone]
Fax: [phone]