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                                                                  EXHIBIT 10 (a)

                          INDEPENDENT AUDITORS' REPORT
                          ----------------------------

TO THE SUPERVISORY BOARD AND BOARD OF MANAGEMENT OF KONINKLIJKE PHILIPS
ELECTRONICS N.V.

         We have audited the consolidated financial statements of Koninklijke
Philips Electronics N.V. (`Royal Philips Electronics') and subsidiaries as
listed in Item 18 of Form 20F, included herein. These consolidated financial
statements are the responsibility of the Company's management. Our
responsibility is to express an opinion on these consolidated financial
statements based on our audits.

We conducted our audits in accordance with generally accepted auditing standards
in the Netherlands and the United States of America. Those standards 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. An audit also includes assessing the accounting
principles used and significant estimates made by management, as well as
evaluating the overall financial statement presentation. We believe that our
audits provide a reasonable basis for our opinion.

In our opinion, the consolidated financial statements referred to above present
fairly, in all material respects, the financial position of Royal Philips
Electronics and subsidiaries as of December 31, 2000 and 1999, and the results
of their operations and cash flows for each of the years in the three-year
period ended December 31, 2000, in conformity with generally accepted accounting
principles in the Netherlands.

Generally accepted accounting principles in the Netherlands vary in certain
significant respects from generally accepted accounting principles in the United
States. Application of accounting principles generally accepted in the United
States of America would have affected results of operations for each of the
years in the three-year period ended December 31, 2000 and shareholders' equity
as of December 31, 2000 and 1999 to the extent summarized in Note 28 to the
Consolidated Financial Statements.

As discussed in the accounting policies note to the financial statements, the
Company changed its method of accounting for derivative financial instruments
and hedging activities as of January 1, 2000.

Eindhoven, The Netherlands

                                                       /s/ KPMG Accountants N.V.
                                                       -------------------------
February 6, 2001                                           KPMG ACCOUNTANTS N.V.


                       CONSENT OF THE INDEPENDENT AUDITORS

                       -----------------------------------


TO THE SUPERVISORY BOARD AND BOARD OF MANAGEMENT OF KONINKLIJKE PHILIPS
ELECTRONICS N.V.

         We consent to incorporation by reference in the registration statements
on Form S-8 (No. 33-65972, No. 33-80027, No. 333-91287, No. 333-91289, and No.
333-39204) and in the registration statement on Form F-3 (No. 333-4582) of
Koninklijke Philips Electronics N.V. (`Royal Philips Electronics') of our report
dated February 6, 2001, relating to the consolidated balance sheets of Royal
Philips Electronics and subsidiaries as of December 31, 2000 and 1999, and the
consolidated statements of income, cash flows and stockholders' equity for each
of the years in the three-year period ended December 31, 2000, included in the
December 31, 2000 annual report on Form 20-F of Royal Philips Electronics. Our
report refers to a change in the Company's method of accounting for derivative
financial instruments and hedging activities.

Eindhoven, The Netherlands

                                                       /s/ KPMG Accounts N.V.
                                                       -------------------------
May 7, 2001                                                KPMG ACCOUNTANTS N.V.