Canon 2010 Annual Report Download - page 110
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Please find page 110 of the 2010 Canon 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.The Board of Directors and Stockholders of
Canon Inc.
We have audited the accompanying consolidated balance sheets of Canon Inc. and subsidiaries as of December 31, 2010 and
2009, and the related consolidated statements of income, equity, and cash fl ows for each of the three years in the period ended
December 31, 2010, all expressed in Japanese yen. These fi nancial statements are the responsibility of the Company’s manage-
ment. Our responsibility is to express an opinion on these fi nancial 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 fi nancial state-
ments are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and dis-
closures in the fi nancial statements. An audit also includes assessing the accounting principles used and signifi cant estimates
made by management, as well as evaluating the overall fi nancial statement presentation. We believe that our audits provide a rea-
sonable basis for our opinion.
In our opinion, the fi nancial statements referred to above present fairly, in all material respects, the consolidated fi nancial position
of Canon Inc. and subsidiaries at December 31, 2010 and 2009, and the consolidated results of their operations and their cash
fl ows for each of the three years in the period ended December 31, 2010, in conformity with U.S. generally accepted accounting
principles.
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), Canon
Inc. and subsidiaries’ internal control over fi nancial reporting as of December 31, 2010, based on criteria established in Internal
Control—Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission and our report
dated March 30, 2011 expressed an unqualifi ed opinion thereon.
We have also recomputed the translation of the consolidated fi nancial statements as of and for the year ended December 31, 2010
into United States dollars. In our opinion, the consolidated fi nancial statements expressed in Japanese yen have been translated
into United States dollars on the basis described in Note 2.
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
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
CANON ANNUAL REPORT 2010108