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Philips Annual Report 2005210
Auditors’ report
Introduction
Wehaveauditedtheconsolidatednancialstatementswhicharepartofthenancial
statements of Koninklijke Philips Electronics N.V., Eindhoven, for the year 2005 as set out on
page178to209.Theseconsolidatednancialstatementsaretheresponsibilityofthe
Company’s management. Our responsibility is to express an opinion on these consolidated
nancialstatementsbasedonouraudit.
Scope
We conducted our audit in accordance with auditing standards generally accepted in the
Netherlands. Those standards require that we plan and perform the audit to obtain reasonable
assuranceaboutwhethertheconsolidatednancialstatementsarefreeofmaterialmisstatement.
An audit includes examining, on a test basis, evidence supporting the amounts and disclosures
intheconsolidatednancialstatements.Anauditalsoincludesassessingtheaccounting
principlesusedandsignicantestimatesmadebymanagement,aswellasevaluatingthe
overallpresentationoftheconsolidatednancialstatements.Webelievethatouraudit
provides a reasonable basis for our opinion.
Opinion
Inouropinion,theconsolidatednancialstatementsgiveatrueandfairviewofthenancial
positionoftheCompanyasat31December2005andoftheresultandthecashowsforthe
year then ended in accordance with International Financial Reporting Standards as adopted by
theEUandalsocomplywiththenancialreportingrequirementsincludedinPart9ofBook2
of the Netherlands Civil Code as far as applicable.
Furthermore we have established to the extent of our competence that the Annual Report as
setoutonpage176to177isconsistentwiththeconsolidatednancialstatements.
Amstelveen, February 13, 2006
KPMG Accountants N.V.
J.F.C. van Everdingen RA
IFRS information