Nintendo 2005 Annual Report Download - page 40

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39 Nintendo Co., Ltd. and consolidated subsidiaries
To the Board of Directors and Shareholders of
Nintendo Co., Ltd.
We have audited the accompanying consolidated balance sheets of Nintendo Co., Ltd. and its
subsidiaries as of March 31, 2005 and 2004, and the related consolidated statements of income,
shareholders' equity, and cash flows for the years then ended, all expressed in Japanese Yen. These
consolidated financial statements are the responsibility of the Company's management. Our
responsibility is to express an opinion on these consolidated financial statements based on our audits.
We conducted our audits in accordance with auditing standards generally accepted in Japan. Those
standards require that we plan and perform the audit to obtain reasonable assurance about whether
the consolidated financial statements are free of material misstatement. An audit includes examining,
on a test basis, evidence supporting the amounts and disclosures in the consolidated financial
statements. An audit also includes assessing the accounting principles used and significant estimates
made by management, as well as evaluating the overall consolidated financial statement presentation.
We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the consolidated financial statements referred to above present fairly, in all material
respects, the consolidated financial position of Nintendo Co., Ltd. and its subsidiaries as of March 31,
2005 and 2004, 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.
The amounts expressed in U.S. dollars, which are provided solely for the convenience of the reader,
have been translated on the basis set forth in Note 1 to the accompanying consolidated financial
statements.
ChuoAoyama PricewaterhouseCoopers
Kyoto, Japan
June 29, 2005
Report of Independent Auditor