Toshiba 2012 Annual Report Download - page 137

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67
TOSHIBA Annual Report 2012
Ernst & Young ShinNihon LLC
Hibiya Kokusai Bldg.
2-2-3 Uchisaiwai-cho
Chiyoda-ku, Tokyo, Japan 100-0011
Tel: +81 3 3503 1191
Fax: +81 3 3503 1277
Report of Independent Auditors
The Board of Directors and Shareholders of
Toshiba Corporation
We have audited the accompanying consolidated balance sheets of Toshiba Corporation and subsidiaries (the “Group”) as
of March 31, 2012 and 2011, and the related consolidated statements of income, equity, and cash flows for the years then
ended, all expressed in Japanese yen. These consolidated financial statements are the responsibility of the Group'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 the 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 financial statements referred to above present fairly, in all material respects, the consolidated financial
position of Toshiba Corporation and subsidiaries at March 31, 2012 and 2011, and the consolidated results of their
operations and their cash flows for the years then ended, in conformity with U.S. generally accepted accounting
principles.
We also have reviewed the translation of the consolidated financial statements mentioned above into United States
dollars on the basis described in Note 3. In our opinion, such statements have been translated on such basis.
June 22, 2012