Food Lion 2004 Annual Report Download - page 60

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DELHAIZE GROUP  ANNUAL REPORT 2004
58
REPORT OF THE STATUTORY AUDITOR
ON THE CONSOLIDATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEM BER 2004
PRESENTED TO THE ORDINARY GENERAL M EETING OF
DELHAIZE BROTHERS AND Co “THE LION”
(DELHAIZE GROUP) S.A.
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 2004 w hich have been prepared under the responsibility of the Board
of Directors and which show total assets of EUR 9,402,740,259 and a consolida-
ted profit for the year then ended (Group share) of EUR 211,453,525. We have also
examined the report of the Board of Directors on the consolidated accounts.
Unqualified opinion on the consolidated accounts
Our examination was made in accordance w ith the standards of the Belgian
Institute of Registered Auditors. These professional standards require that our
examination be organised and conducted in such a w ay as to enable us to obtain
reasonable assurance that the consolidated accounts are free from material
misstatement taking account of the legal and regulatory requirements applicable
to consolidated accounts in Belgium.
In accordance with these standards, w e have taken account of the administra-
tive and accounting organisation of the Group, as w ell 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 consolidation policies and of significant
accounting estimates made by the Group, as well as the presentation of the con-
solidated accounts taken as a whole. We believe that these procedures provide a
reasonable basis on w hich to express our opinion.
In our opinion, based upon our audit, the consolidated accounts for the year ended
31 December 2004 give a true and fair view of the Group’s net w orth, financial
position and the consolidated results of its operations for the year then ended, in
accordance w ith the legal and regulatory requirements 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 w hich 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, 9 M arch 2005
The Statutory Auditor,
DELOITTE & TOUCHE
Reviseurs d'Entreprises SC s.f.d. SCRL
Represented by James FULTON