Sony 1998 Annual Report Download - page 77

Download and view the complete annual report

Please find page 77 of the 1998 Sony 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.

Page out of 80

  • 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

Annual Report 1998 Sony Corporation [75]
[ Report of Independent Accountants ]
Yebisu Garden Place Tower Telephone 03-5424-8100
20-3, Ebisu 4-chome
Shibuya-ku, Tokyo 150-6013
In our opinion, the accompanying consolidated balance sheets and the related consolidated statements of
income and retained earnings and of cash flows present fairly, in all material respects, the financial
position of Sony Corporation and its consolidated subsidiaries at March 31, 1997 and 1998, and the results
of their operations and their cash flows for each of the three years in the period ended March 31, 1998, in
conformity with accounting principles generally accepted in the United States of America. These financial
statements are the responsibility of the company’s management; our responsibility is to express an opin-
ion on these financial statements based on our audits. We conducted our audits of these statements in
accordance with auditing standards generally accepted in the United States of America which require that
we plan and perform the audit to obtain reasonable assurance about whether the financial statements are
free of material misstatement. An audit includes examining, on a test basis, evidence supporting the
amounts and disclosures in the financial statements, assessing the accounting principles used and signifi-
cant estimates made by management, and evaluating the overall financial statement presentation. We
believe that our audits provide a reasonable basis for the opinion expressed above.
May 7, 1998
To the Stockholders and Board of Directors of
Sony Corporation (Sony Kabushiki Kaisha)