Casio 2002 Annual Report Download - page 32

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To the Shareholders and the Board of Directors of CASIO COMPUTER CO., LTD.:
We have audited the accompanying consolidated balance sheets of CASIO COMPUTER CO., LTD. (a Japanese corporation) and
subsidiaries as of March 31, 2002 and 2001, and the related consolidated statements of operations, shareholders’ equity and
cash flows for the years then ended, expressed in Japanese yen. Our audits were made in accordance with generally accepted
auditing standards 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 consolidated financial statements referred to above present fairly the consolidated financial position of
CASIO COMPUTER CO., LTD. and subsidiaries as of March 31, 2002 and 2001, and the consolidated results of their operations
and their cash flows for the years then ended in conformity with accounting principles generally accepted in Japan (Note 1)
applied on a consistent basis during the periods.
As explained in Note 16, on May 14, CASIO COMPUTER CO., LTD. entered into an outsourcing relationship master agreement
with a third party to sell its subsidiaries’ shares and assets of its subsidiary, to be completed until the end of July 2002. The effects
of this agreement are not reflected in the accompanying consolidated financial statements for the year ended March 31, 2002.
Also, in our opinion, the U.S. dollar amounts in the accompanying consolidated financial statements have been translated from
Japanese yen on the basis set forth in Note 1.
Tokyo, Japan
June 27, 2002
30
REPORT OF Independent Public Accountants