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62
AUDITOR’S REPORT NETHERLANDS
Independent auditor’s report
To: the General Meeting of Shareholders of Unilever N.V.
Report on the consolidated financial statements
We have audited the accompanying consolidated financial
statements 2011 as set out on pages 64 to 110 which are part of
the Annual Report and Accounts 2011 of the Unilever Group for the
year ended 31 December 2011, which comprise the consolidated
income statement, consolidated statement of comprehensive
income, consolidated statement of changes in equity, consolidated
balance sheet, consolidated cash flow statement and the notes to
the consolidated financial statements, comprising a summary of
significant accounting policies and other explanatory information.
Directors’ responsibility
The Directors are responsible for the preparation and fair
presentation of these consolidated financial statements in
accordance with International Financial Reporting Standards as
adopted by the European Union and as issued by the International
Accounting Standards Board 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 consolidated financial statements that are free
from material misstatement, whether due to fraud or error.
Auditor’s responsibility
Our responsibility is to express an opinion on these consolidated
financial statements 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 consolidated financial statements are free
from material misstatement.
An audit involves performing procedures to obtain audit evidence
about the amounts and disclosures in the consolidated financial
statements. The procedures selected depend on the auditor’s
judgement, including the assessment of the risks of material
misstatement of the consolidated financial statements, 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 consolidated financial
statements 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 consolidated
financial statements.
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 consolidated financial statements
In our opinion, the consolidated financial statements give a true
and fair view of the financial position of Unilever Group as at
31December 2011, and of its result and its cash flows for the year
then ended in accordance with International Financial Reporting
Standards as adopted by the European Union and as issued by the
International Accounting Standards Board and with Part 9 of Book
2 of the Dutch Civil Code.
Separate report on company accounts
We have reported separately on the company accounts of Unilever
N.V. 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 consolidated
financial statements 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