Food Lion 2002 Annual Report Download - page 60

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58 |Delhaize Group |Annual Report 2002
REPORT OF THE STATUTORY AUDITOR
ON THE CONSOLIDATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2002
PRESENTED TO THE ANNUAL GENERAL MEETING
OF DELHAIZE BROTHERS AND CO “THE LION”
(DELHAIZE GROUP) SA
To the shareholders,
As required by law and the articles of association, we have the honour to
report on the conduct of the audit which you have confided to us.
We have audited the consolidated financial statements for the year ended
31 December 2002 which have been prepared under the responsibility of
the Board of Directors and which show total assets of EUR
10,840,131,939 and a consolidated profit for the year then ended (Group
share) of EUR 178,307,138. We have also examined the Directors’ report
on the consolidated accounts.
Unqualified opinion on the consolidated accounts
Our examination was made in accordance with the standards of the
Belgian Institute of Registered Auditors. These professional standards
require that our examination be organised and conducted in such a way as
to enable us to obtain reasonable assurance that the consolidated accounts
are free from material misstatement taking account of the legal and regu-
latory requirements applicable to consolidated accounts in Belgium.
In accordance with these standards, we have taken account of the admin-
istrative and accounting organisation of the Group, as well as its internal
control systems. We have obtained all the explanations and information
necessary for our examination. We have examined the documentation
supporting the amounts presented in the consolidated accounts on a test
basis. We have considered the appropriateness of the accounting and con-
solidation policies and of significant accounting estimates made by the
Group, as well as the presentation of the consolidated accounts taken as a
whole. We believe that these procedures provide a reasonable basis on
which to express our opinion.
In our opinion, based upon our audit, the consolidated accounts for the
year ended 31 December 2002 give a true and fair view of the Group’s net
worth, financial position and the consolidated results of its operations for
the year then ended, in accordance with the legal and regulatory require-
ments applicable in Belgium and the information given in the notes to the
consolidated accounts is adequate.
Additional attestation
Our report is complemented by the following attestation, the nature of
which is not such as to modify our opinion on the consolidated financial
statements:
• The report of the Board of Directors includes the information required
by law, and agrees with the consolidated financial statements.
Brussels, 13 March 2003
The Statutory Auditor,
DELOITTE & TOUCHE
Reviseurs d’Entreprises SC s.f.d. SCRL
Represented by James FULTON