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34 Darden Restaurants, Inc. 2012 Annual Report
The Board of Directors and Stockholders
Darden Restaurants, Inc.
We have audited the accompanying consolidated balance sheets of Darden
Restaurants, Inc. and subsidiaries as of May 27, 2012 and May 29, 2011, and the
related consolidated statements of earnings, comprehensive income, changes in
stockholders’ equity and cash flows for each of the years in the three-year period
ended May 27, 2012. These consolidated financial statements are the responsi-
bility 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 the standards of the Public
Company Accounting Oversight Board (United States). 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 consolidated financial statements referred to
above present fairly, in all material respects, the financial position of Darden
Restaurants, Inc. and subsidiaries as of May 27, 2012 and May 29, 2011,
and the results of their operations and their cash flows for each of the years in
the three-year period ended May 27, 2012, in conformity with U.S. generally
accepted accounting principles.
We have also audited, in accordance with the standards of the Public
Company Accounting Oversight Board (United States), Darden Restaurants, Inc.’s
internal control over financial reporting as of May 27, 2012, based on criteria
established in Internal Control – Integrated Framework issued by the Committee of
Sponsoring Organizations of the Treadway Commission (COSO), and our
report dated July 20, 2012 expressed an unqualified opinion on the effectiveness
of Darden Restaurants, Inc.’s internal control over financial reporting.
Orlando, Florida
July 20, 2012
Certified Public Accountants
Report of Independent Registered Public Accounting Firm
Darden