Other information
Auditor's report
To: Annual General Meeting of Shareholders of Heineken N.V.
138
Report on the financial statements
We have audited the 2007 financial statements
of Heineken N.V., Amsterdam as set out on pages
65 to 137. The financial statements consist of
the consolidated financial statements and the
Company financial statements. The consolidated
financial statements comprise the consolidated
balance sheet as at 31 December 2007, the income
statement, statement of recognised income and
expense and statement of cash flows for the
year then ended, and a summary of significant
accounting policies and other explanatory notes.
The Company financial statements comprise the
Company balance sheet as at 31 December 2007,
the Company income statement for the year then
ended and the notes.
Management's responsibility
The Executive Board is responsible for the
preparation and fair presentation of the financial
statements in accordance with International
Financial Reporting Standards as adopted by the
European Union and with Part 9 of Book 2 of the
Netherlands Civil Code, and for the preparation
of the report of the Executive Board in accordance
with Part 9 of Book 2 of the Netherlands Civil Code.
This responsibility includes: designing, implementing
and maintaining internal control relevant to
the preparation and fair presentation of the
financial statements that are free from material
misstatement, whether due to fraud or error;
selecting and applying appropriate accounting
policies; and making accounting estimates that
are reasonable in the circumstances.
Auditor's responsibility
Our responsibility is to express an opinion on
the financial statements based on our audit. We
conducted our audit in accordance with Dutch
law. This law requires that we comply with ethical
requirements and plan and perform our audit to
obtain reasonable assurance whether the financial
statements are free from material misstatement.
An audit involves performing procedures to obtain
audit evidence about the amounts and disclosures
in the financial statements. The procedures
selected depend on the auditor's judgement,
including the assessment of the risks of material
misstatement of the financial statements, whether
due to fraud or error. In making those risk
assessments, the auditor considers internal
control relevant to the entity's preparation and fair
presentation of the financial statements in order
to design audit procedures that are appropriate
in the circumstances, but not for the purpose of
expressing an opinion on the effectiveness of the
entity's internal control. An audit also includes
evaluating the appropriateness of accounting
policies used and the reasonableness of
accounting estimates made by management,
as well as evaluating the overall presentation
of the financial statements.
We believe that the audit evidence we have
obtained is sufficient and appropriate to provide
a basis for our audit opinion.
Heineken N.V. Annual Report 2007