Suzuki 2006 Annual Report Download - page 48

Download and view the complete annual report

Please find page 48 of the 2006 Suzuki 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 53

  • 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
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53

SUZUKI MOTOR CORPORATION
To the Board of Directors and Shareholders of
Suzuki Motor Corporation
We have audited the accompanying consolidated balance sheets of Suzuki Motor Corporation and
its 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 Suzuki Motor Corporation and its
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 and practices
generally accepted in Japan.
As describe in Note 15(b), Suzuki Motor Corporation issued the unsecured zero coupon
convertible bonds with 130% call option, based on the resolution of meeting of the board of directors
at June 2, 2006.
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 1 to the accompanying Consolidated
Financial Statements.
Seimei Audit Corporation
Tokyo, Japan
June 29, 2006
REPORT OF INDEPENDENT AUDITOR
CONSOLIDATED FINANCIAL STATEMENTS OF 2006
48