Oki 2001 Annual Report Download - page 31

Download and view the complete annual report

Please find page 31 of the 2001 Oki 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 36

  • 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

Oki Electric Industry Co., Ltd. Annual Report 2001 29
The Board of Directors
Oki Electric Industry Co., Ltd.
We have audited the consolidated balance sheets of Oki Electric Industry Co., Ltd., and its consolidated subsidiar-
ies as of March 31, 2001 and 2000, and the related consolidated statements of operations, shareholders’ equity, and
cash flows for each of the three years in the period ended March 31, 2001, all expressed in yen. Our audits were
made in accordance with auditing standards, procedures and practices generally 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 accompanying consolidated financial statements, expressed in yen, present fairly the consoli-
dated financial position of Oki Electric Industry Co., Ltd., and its consolidated subsidiaries at March 31, 2001 and
2000, and the consolidated results of their operations and their cash flows for each of the three years in the period
ended March 31, 2001 in conformity with accounting principles and practices generally accepted in Japan applied
on a consistent basis.
As described in Note 1, Oki Electric Industry Co., Ltd., and its consolidated subsidiaries have adopted new accounting
standards in the preparation of their consolidated financial statements for the year ended March 31, 2001.
The U.S. dollar amounts in the accompanying consolidated financial statements with respect to the year ended
March 31, 2001 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 2 to the
consolidated financial statements.
June 28, 2001
REPORT OF CERTIFIED PUBLIC ACCOUNTANTS
See Note 1 which explains the basis of preparing the consolidated financial statements of Oki Electric Industry
Co., Ltd., under Japanese accounting principles and practices.