Unilever 2011 Annual Report Download - page 114

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111
COMPANY ACCOUNTS AUDITOR’S REPORT UNILEVER N.V.
Independent auditor’s report
To: the General Meeting of Shareholders of Unilever N.V.
Report on the company accounts
We have audited the accompanying company accounts 2011 as set
out on pages 112 to 115 of the Annual Report and Accounts 2011 of
Unilever N.V., Rotterdam, which comprise the balance sheet as at
31 December 2011, the profit and loss account for the year then
ended and the notes, comprising a summary of accounting
policies and other explanatory information.
Directors’ responsibility
The Directors are responsible for the preparation and fair
presentation of these company accounts in accordance with
United Kingdom accounting standards and with Part 9 of Book 2 of
the Dutch Civil Code and for the preparation of the Report of the
Directors in accordance with Part 9 of Book 2 of the Dutch Civil
Code. Furthermore, the Directors are responsible for such
internal control as they determine is necessary to enable the
preparation of the company accounts that are free from material
misstatement, whether due to fraud or error.
Auditor’s responsibility
Our responsibility is to express an opinion on these company
accounts based on our audit. We conducted our audit in
accordance with Dutch law, including the Dutch Standards on
Auditing. This requires that we comply with ethical requirements
and plan and perform the audit to obtain reasonable assurance
about whether the company accounts are free from material
misstatement.
An audit involves performing procedures to obtain audit evidence
about the amounts and disclosures in the company accounts. The
procedures selected depend on the auditor’s judgement, including
the assessment of the risks of material misstatement of the
company accounts, whether due to fraud or error. In making those
risk assessments, the auditor considers internal control relevant
to the company’s preparation and fair presentation of the
company accounts in order to design audit procedures that are
appropriate in the circumstances, but not for the purpose of
expressing an opinion on the effectiveness of the company’s
internal control. An audit also includes evaluating the
appropriateness of accounting policies used and the
reasonableness of accounting estimates made by the Directors,
as well as evaluating the overall presentation of the company
accounts.
We believe that the audit evidence we have obtained is sufficient
and appropriate to provide a basis for our audit opinion.
Opinion with respect to the company accounts
In our opinion, the company accounts give a true and fair view of
the financial position of Unilever N.V. as at 31 December 2011, and
of its result for the year then ended in accordance with United
Kingdom accounting standards and with Part 9 of Book 2 of the
Dutch Civil Code.
Separate report on consolidated financial statements
We have reported separately on the consolidated financial
statements of Unilever Group for the year ended
31 December 2011.
Report on other legal and regulatory requirements
Pursuant to the legal requirement under Section 2: 393 sub 5 at e
and f of the Dutch Civil Code, we have no deficiencies to report as
a result of our examination whether the Report of the Directors, to
the extent we can assess, has been prepared in accordance with
Part 9 of Book 2 of this Code, and whether the information as
required under Section 2: 392 sub 1 at b-h has been annexed.
Further we report that the Report of the Directors, to the extent
we can assess, is consistent with the company accounts as
required by Section 2: 391 sub 4 of the Dutch Civil Code.
Amsterdam, 28 February 2012
PricewaterhouseCoopers Accountants N.V.
R A J Swaak RA
Unilever Annual Report and Accounts 2011
Financial statements