Olympus 2009 Annual Report Download - page 64

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62
To the Board of Directors of
OLYMPUS CORPORATION
We have audited the accompanying consolidated balance sheets of Olympus Corporation and consolidated subsidiaries as of March 31,
2009 and 2008, and the related consolidated statements of operations, changes in net assets and cash flows for each of the three years
in the period ended March 31, 2009, expressed in Japanese yen. These consolidated financial statements are the responsibility of the
Company’s management. Our responsibility is to independently 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 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. An audit also includes
assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall 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 Olympus Corporation and consolidated subsidiaries as of March 31, 2009 and 2008, and the consolidated results of their opera-
tions and their cash flows for each of the three years in the period ended March 31, 2009, in conformity with accounting principles gener-
ally accepted in Japan.
Without qualifying our opinion, we draw attention to the following:
(1) As discussed in Note 2, effective April 1, 2006, Olympus Corporation adopted new accounting standard for retirement benefits for sub-
sidiaries in the United States.
(2) As discussed in Note 26, Olympus Corporation resolved the appropriation of its other capital surplus and appropriation of retained
earnings.
The U.S. dollar amounts in the accompanying consolidated financial statements with respect to the year ended March 31, 2009 are pre-
sented solely for convenience. 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 1 to the consolidated financial statements.
Tokyo, Japan
June 26, 2009
Independent Auditors’ Report