Philips 2005 Annual Report Download - page 217
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Philips Annual Report 2005 217
Auditors’ report
Introduction
WehaveauditedtheCompanynancialstatementswhicharepartofthenancialstatements
of Koninklijke Philips Electronics N.V., Eindhoven, for the year 2005 as set out on page 212 to 216.
TheseCompanynancialstatementsaretheresponsibilityoftheCompany’smanagement.Our
responsibilityistoexpressanopiniononthesenancialstatementsbasedonouraudit.
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
assuranceaboutwhethertheCompanynancialstatementsarefreeofmaterialmisstatement.
An audit includes examining, on a test basis, evidence supporting the amounts and disclosures
intheCompanynancialstatements.Anauditalsoincludesassessingtheaccountingprinciples
usedandsignicantestimatesmadebymanagement,aswellasevaluatingtheoverallpresentation
oftheCompanynancialstatements.Webelievethatourauditprovidesareasonablebasisfor
our opinion.
Opinion
Inouropinion,theCompanynancialstatementsgiveatrueandfairviewofthenancialposition
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
nancialreportingrequirementsincludedinPart9ofBook2oftheNetherlandsCivilCode.
Furthermore we have established to the extent of our competence that the Annual Report as
setoutonpage176to177isconsistentwiththeCompanynancialstatements.
Amstelveen, February 13, 2006
KPMG Accountants N.V.
J.F.C. van Everdingen RA
I
J
K
aredueinthenextveyears:
nancialstatements.
Netincomein2005amountedtoaprotofEUR3,374million
(2004:aprotofEUR2,783million).Fortheremunerationofpastand
Board,pleaserefertonote36totheconsolidatednancialstatements.
GeneralguaranteesasdenedinBook2,Section403ofthe
MM
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