Yamaha 2000 Annual Report Download - page 33

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31
The Board of Directors
YAMAHA CORPORATION
We have audited the accompanying consolidated balance sheets of YAMAHA CORPORATION and consolidated
subsidiaries as of March 31, 2000 and 1999, and the related consolidated statements of operations and shareholders’
equity for the years then ended and the related consolidated statement of cash flows for the year ended March 31,
2000, all expressed in yen. Our audits were made in accordance with auditing standards, procedures and practices gen-
erally accepted and applied in Japan and, accordingly, included such tests of the accounting records and such other
auditing procedures as we considered necessary in the circumstances.
In our opinion, the consolidated financial statements referred to above present fairly the consolidated financial posi-
tion of YAMAHA CORPORATION and consolidated subsidiaries at March 31, 2000 and 1999, the consolidated
results of their operations for the years then ended and the consolidated results of their cash flows for the year ended
March 31, 2000, in conformity with accounting principles and practices generally accepted in Japan consistently
applied during the period except for the change, with which we concur, in the method of accounting for prior service
cost of the employees’ pension plans as described in Note 3 to the consolidated financial statements.
As described in Note 1 to the consolidated financial statements, YAMAHA CORPORATION and consolidated sub-
sidiaries have adopted new accounting standards for consolidation and tax-effect accounting in the preparation of
their consolidated financial statements for the year ended March 31, 2000.
The U.S. dollar amounts in the accompanying consolidated financial statements with respect to the year ended March
31, 2000 are presented 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 2 to the consolidated
financial statements.
Century Ota Showa & Co.
Hamamatsu, Japan
June 29, 2000
See Note 1 to the consolidated financial statements which explains the basis of preparation of the consolidated financial statements of
YAMAHA CORPORATION and consolidated subsidiaries under Japanese accounting principles and practices.
REPORT OF INDEPENDENT AUDITORS