Philips 2005 Annual Report Download - page 217

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Philips Annual Report 2005 217
Auditors’ report
Introduction
WehaveauditedtheCompany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 212 to 216.
TheseCompanynancialstatementsaretheresponsibilityoftheCompany’smanagement.Our
responsibilityistoexpressanopiniononthese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Companynancialstatementsarefreeofmaterialmisstatement.
An audit includes examining, on a test basis, evidence supporting the amounts and disclosures
intheCompany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Companynancialstatements.Webelievethatourauditprovidesareasonablebasisfor
our opinion.
Opinion
Inouropinion,theCompanynancialstatementsgiveatrueandfairviewofthenancialposition
of the Company as at 31 December 2005 and of the result for the year then ended in accordance
with accounting principles generally accepted in the Netherlands and also comply with the
nancialreportingrequirementsincludedinPart9ofBook2oftheNetherlandsCivilCode.
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Companynancialstatements.
Amstelveen, February 13, 2006
KPMG Accountants N.V.
J.F.C. van Everdingen RA
I
J
K
aredueinthenextveyears:
nancialstatements.
Netincomein2005amountedtoaprotofEUR3,374million
(2004:aprotofEUR2,783million).Fortheremunerationofpastand
Board,pleaserefertonote36totheconsolidatednancialstatements.
GeneralguaranteesasdenedinBook2,Section403ofthe
MM
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