Auditors' report
70 Rabobank Group Annual Report 2004
Auditors' report
We have audited the consolidated balance sheet, consolidated profit
and loss account, cash flow statement and movements in reserves for
the year 2004, hereinafter referred to as the annual figures, of Rabobank
Group1, as set out on pages 62 to 65 of this report.
These annual figures have been derived from the financial statements of
Rabobank Group for the year 2004, which were audited by us and on
which we issued an unqualified auditors' report on 7 March 2005.
These annual figures are the responsibility of the Executive Board of
Rabobank Group. Our responsibility is to express an opinion thereon
based on our audit.
We have established that the annual figures are in accordance with the
financial statements from which they have been derived.
For a better understanding of Rabobank Group's financial position and
results and of the scope of our audit, the annual figures should be read
in conjunction with the full financial statements from which they have
been derived and our auditors' report issued thereon.
Utrecht, 7 March 2005
Ernst Young Accountants
i)
Rabobank Group consists of Coöperatieve Centrale Raiffeisen-Boerenleenbank BA in
Amsterdam, its affiliated Rabobanks, Interpolis NV in Tilburg, Robeco Group NV in Rotterdam,
De Lage Landen International BV in Eindhoven, Schretlen Co NV in Amsterdam,
Effectenbank Stroeve NV in Amsterdam, FGH Bank NV in Utrecht, Rabohypotheekbank NV in
Amsterdam, Onderlinge Waarborgmaatschappij Rabobanken BA in Amsterdam and their
group companies.