Logitech 2005 Annual Report Download - page 105

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REPORT OF THE GROUP AUDITORS TO THE GENERAL MEETING OF
LOGITECH INTERNATIONAL S.A. APPLES, SWITZERLAND
As Group auditors, we have audited the consolidated financial statements of Logitech International S.A. and
its subsidiaries, consisting of the consolidated balance sheets at March 31, 2005 and 2004, the consolidated
statements of income, of cash flows and of changes in shareholders’ equity for the years ended March 31, 2005,
2004 and 2003 and the notes to the consolidated financial statements.
These financial statements are the responsibility of the Board of Directors of Logitech International S.A.
Our responsibility is to express an opinion on these consolidated financial statements based on our audits. We
confirm that we meet the Swiss legal requirements concerning professional qualification and independence.
We conducted our audits in accordance with the auditing standards promulgated by the profession in
Switzerland and 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 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, assessing the accounting principles used and significant
estimates made by management, and evaluating the overall financial statement presentation. We believe that our
audits provide a reasonable basis for our opinion.
In our opinion the accompanying consolidated financial statements present fairly, in all material respects,
the financial position of Logitech International S.A. and its subsidiaries at March 31, 2005 and 2004 and the
results of operations and their cash flows for the years ended March 31, 2005, 2004 and 2003 in accordance with
accounting principles generally accepted in the United States of America and comply with Swiss law.
We recommend that the consolidated financial statements submitted to you be approved.
PricewaterhouseCoopers S.A.
M. Foley D.Lustenberger
Lausanne, May 18, 2005
F-2