Tokyo Electron

Annual Report 2012Page37

ContentsHighlights

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Segment InformationFeature

Corporate GovernanceCorporate Citizenship

R&D/Intellectual Property

Financial Section

Corporate Datan Financial Review
n Consolidated Eleven-year Summaryn Consolidated Balance Sheetsn Consolidated Statements of Income
n Consolidated Statements Of Comprehensive Income
n Independent Auditors’ Reportn Consolidated Statements Of Changes In Net Assets
n Consolidated Statements of Cash Flowsn Notes To Consolidated Financial Statements

Independent Auditors’ Report

To the Board of Directorsof Tokyo Electron Limited:
We have audited the accompanying consolidated financial statements of Tokyo Electron Limited and its consolidated subsidiaries, which comprise the consolidated balance sheets as at March 31, 2012 and 2011, and the consolidated statements of income, statements of comprehensive income, statements of changes in net assets andstatements of cash flows for the years then ended, and a summary of significant accounting policies and otherexplanatory information.

OpinionIn our opinion, the consolidated financial statements present fairly, in all material respects, the financial position ofTokyo Electron Limited and its consolidated subsidiaries as at March 31, 2012 and 2011, and their financial performance and cash flows for the years then ended in accordance with accounting principles generally accepted inJapan.

Management’s Responsibility for the Consolidated Financial Statements
Management is responsible for the preparation and fair presentation of these consolidated financial statements inaccordance with accounting principles generally accepted in Japan, and for such internal control as management
determines is necessary to enable the preparation of consolidated financial statements that are free from material
misstatements, whether due to fraud or error.

Convenience Translation
The U.S. dollar amounts in the accompanying consolidated financial statements with respect to the year ended
March 31, 2012 are presented solely for convenience. Our audit also included the translation of yen amounts into
U.S. dollar amounts and, in our opinion, such translation has been made on the basis described in Note 1 to theconsolidated financial statements.

Auditor’s Responsibility
Our responsibility is to express an opinion on these consolidated financial statements based on our audits. We conducted our audits in accordance with auditing standards generally accepted in Japan. Those standards require that
we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about
whether the consolidated financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the consolidated financial statements. The procedures selected depend on our judgement, including the assessment of therisks of material misstatement of the consolidated financial statements, whether due to fraud or error. In making
those risk assessments, we consider internal control relevant to the entity’s preparation and fair presentation of theconsolidated financial statements in order to design audit procedures that are appropriate in the circumstances,while the objective of the financial statement audit is 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 consolidated financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for ouraudit opinion.

June 22, 2012
Tokyo, Japan