Philips 2005 Annual Report Download - page 210
Download and view the complete annual report
Please find page 210 of the 2005 Philips 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.-
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
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
-
213
-
214
-
215
-
216
-
217
-
218
-
219
-
220
-
221
-
222
-
223
-
224
-
225
-
226
-
227
-
228
-
229
-
230
-
231
-
232
Philips Annual Report 2005210
Auditors’ report
Introduction
Wehaveauditedtheconsolidatednancialstatementswhicharepartofthenancial
statements of Koninklijke Philips Electronics N.V., Eindhoven, for the year 2005 as set out on
page178to209.Theseconsolidatednancialstatementsaretheresponsibilityofthe
Company’s management. Our responsibility is to express an opinion on these consolidated
nancialstatementsbasedonouraudit.
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
assuranceaboutwhethertheconsolidatednancialstatementsarefreeofmaterialmisstatement.
An audit includes examining, on a test basis, evidence supporting the amounts and disclosures
intheconsolidatednancialstatements.Anauditalsoincludesassessingtheaccounting
principlesusedandsignicantestimatesmadebymanagement,aswellasevaluatingthe
overallpresentationoftheconsolidatednancialstatements.Webelievethatouraudit
provides a reasonable basis for our opinion.
Opinion
Inouropinion,theconsolidatednancialstatementsgiveatrueandfairviewofthenancial
positionoftheCompanyasat31December2005andoftheresultandthecashowsforthe
year then ended in accordance with International Financial Reporting Standards as adopted by
theEUandalsocomplywiththenancialreportingrequirementsincludedinPart9ofBook2
of the Netherlands Civil Code as far as applicable.
Furthermore we have established to the extent of our competence that the Annual Report as
setoutonpage176to177isconsistentwiththeconsolidatednancialstatements.
Amstelveen, February 13, 2006
KPMG Accountants N.V.
J.F.C. van Everdingen RA
IFRS information