Ricoh 2002 Annual Report Download - page 56

Download and view the complete annual report

Please find page 56 of the 2002 Ricoh annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 60

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60

53
To the Shareholders and the Board of Directors
of Ricoh Company, Ltd.:
We have audited the accom panying consolidated balance sheets of Ricoh Com pany, Ltd. ( a Japanese corpora-
tion) and consolidated subsidiaries as of March 31, 2001 and 2002, and the related consolidated statements of
income, shareholders’ investm ent and cash flows for each of the three years in the period ended March 31,
2002, expressed in yen. These financial statements are the responsibility of the Company’s managem ent. Our
responsibility is to express an opinion on these financial statem ents based on our audits.
We conducted our audits in accordance with auditing standards generally accepted in the United States of
Am erica. Those standards require that we plan and perform the audit to obtain reasonable assurance about
whether the financial statem ents are free of m aterial misstatem ent. An audit includes examining, on a test ba-
sis, evidence supporting the am ounts and disclosures in the financial statem ents. An audit also includes assess-
ing the accounting principles used and significant estim ates made by m anagem ent, as well as evaluating the
overall financial statem ent 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 m aterial respects,
the financial position of Ricoh Com pany, Ltd. and its consolidated subsidiaries as of March 31, 2001 and 2002,
and the results of their operations and their cash flows for each of the three years in the period ended March 31,
2002, in conform ity with accounting principles generally accepted in the United States of Am erica ( see Note 2) .
As discussed in Note 2 to the consolidated financial statem ents, the Com pany and its subsidiaries changed their
method of accounting for derivative instrum ents and hedging activities effective April 1, 2001.
In our opinion, the am ounts translated into U.S. dollars and presented in the accom panying consolidated
financial statements have been com puted on the basis set forth in Note 3.
Tokyo, Japan
May 31, 2002
R e p o r t o f I n d e p e n d e n t P u b lic A c c o u n t a n t s