Philips 2010 Annual Report Download - page 221

15 Sustainability statements 15.7 - 15.7
Annual Report 2010 221
15.7 Independent assurance report
To the Supervisory Board and Shareholders of Koninklijke Philips
Electronics N.V.:
Introduction
We have been engaged by the Supervisory Board of Koninklijke Philips
Electronics N.V. to provide limited assurance on the section
Sustainability statements in the Annual Report 2010. The Board of
Management is responsible for the preparation and fair presentation of
the section Sustainability statements. Our responsibility is to provide
limited assurance on this information contained in this Annual Report.
Scope
Our engagement was designed to provide limited assurance on whether
the information in chapter 15, Sustainability statements, of this Annual
Report is fairly stated, in all material respects.
Procedures performed to obtain a limited level of assurance are aimed
at determining the plausibility of data and are less extensive than those
for a reasonable level of assurance. Our procedures included reviewing
systems and processes for data management, assessing the
appropriateness of the accounting policies used, assessing the data
collection and reporting process at a limited number of sites and
evaluating the overall presentation of sustainability information within
our scope.
We have also reviewed, to the extent of our competence, whether the
information on sustainability in the Performance highlights, of this
Annual Report, the Management report as defined in the introduction
paragraph of chapter 13, Group financial statements, of this Annual
Report and section 18.1, The Philips investment proposition, of this
Annual Report is consistent with the information in chapter 15,
Sustainability statements, of this Annual Report.
Reporting criteria
Koninklijke Philips Electronics N.V. applies the Sustainability Reporting
Guidelines of the Global Reporting Initiative (G3) supported by
internally developed guidelines, as detailed in Approach to sustainability
reporting in chapter 15, Sustainability statements, of this Annual
Report. It is important to view the performance data in the context of
this explanatory information. We believe that these criteria are suitable
in view of the purpose of our assurance engagement.
Standards
We conducted our engagement in accordance with the International
Standard for Assurance Engagements (ISAE) 3000: Assurance
Engagements other than Audits or Reviews of Historical Financial
Information, issued by the International Auditing and Assurance
Standards Board. This standard requires, amongst others, that the
assurance team possesses the specific knowledge, skills and
professional competencies needed to understand and review
sustainability information, and that they comply with the requirements
of the Code of Ethics for Professional Accountants from the
International Federation of Accountants to ensure their independence.
Conclusion
Based on our work described in this report, nothing came to our
attention to indicate that the information in chapter 15, Sustainability
statements, of this Annual Report is not fairly presented, in all material
respects, in accordance with the reporting criteria as described in
Approach to sustainability reporting in the section Sustainability
statements in the Annual Report 2010.
We also report, to the extent of our competence, that the information
on sustainability in the Performance highlights, of this Annual Report,
the Management report as defined in the introduction paragraph of
chapter 13, Group financial statements, of this Annual Report and
section 18.1, The Philips investment proposition, of this Annual Report
is consistent with the information in chapter 15, Sustainability
statements, of this Annual Report.
Amstelveen, February 17, 2011
KPMG ACCOUNTANTS N.V.
M.A. Soeting RA