Mitsubishi 2002 Annual Report Download - page 65

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63
The Board of Directors
Mitsubishi Motors Corporation
We have audited the consolidated balance sheets of Mitsubishi Motors Corporation and consolidated subsidiaries as of
March 31, 2002 and 2001, and the related consolidated statements of operations, stockholders’ equity, and cash flows
for the years then ended, expressed in yen. Our audits were made in accordance with auditing standards, procedures and
practices generally accepted and applied 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 accompanying consolidated financial statements, expressed in yen, present fairly the consolidated
financial position of Mitsubishi Motors Corporation and consolidated subsidiaries at 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 prin-
ciples and practices generally accepted in Japan, applied on a consistent basis, except for the change, with which we
concur, in the method of accounting for forward foreign exchange contracts as described in Note 2 to the consolidated
financial statements.
As described in Note 3 to the consolidated financial statements, Mitsubishi Motors Corporation and consolidated subsid-
iaries have adopted new accounting standards for retirement benefits and financial instruments and the revised account-
ing standard for foreign currency transactions effective the year ended March 31, 2001 in the preparation of the
consolidated financial statements.
The U.S. dollar amounts in the accompanying consolidated financial statements with respect to the year ended March 31,
2002 are presented solely for convenience of the reader. Our audit also included the translation of yen amounts into U.S.
dollar amounts and, in our opinion, such translation has been made on the basis described in Note 4 to the consolidated
financial statements.
Tokyo, Japan
June 25, 2002
See Note 1(a) which explains the basis of preparation of the consolidated financial statements of Mitsubishi Motors
Corporation and consolidated subsidiaries under Japanese accounting principles and practices.
REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS