Auditor's report on the financial information
Introduction
Scope
Opinion
Emphasis of matter
We have audited whether the consolidated balance sheet, consolidated profit and loss
account, consolidated statement of changes in equity, business segments and consolidated
cash flow statement, as set out on pages 114 to 119 of this annual report, -hereafter 'financial
information'- of Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank Nederland),
Amsterdam, has been derived consistently from the audited consolidated financial statements
2007 of Rabobank Nederland. In our auditor's report dated 4 March 2008 we expressed an
unqualified opinion on these consolidated financial statements. The executive board of
Rabobank Nederland is responsible for the preparation of the financial information in
accordance with the accounting policies as applied in the consolidated financial statements
2007 of Rabobank Nederland. Our responsibility is to express an opinion on the financial
information.
We conducted our audit in accordance with Dutch law. This law requires that we plan and
perform the audit to obtain reasonable assurance whether the financial information is
derived consistently from the consolidated financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide
a basis for our audit opinion.
In our opinion, the financial information has been derived consistently, in all material respects,
from the consolidated financial statements.
For a better understanding of Rabobank Group's financial position and results and the scope
of our audit, we emphasize that the financial information should be read in conjunction with
the consolidated financial statements, from which the financial information has been derived
and our unqualified auditor's reports thereon dated 4 March 2008. Our opinion is not qualified
in respect of this matter.
Utrecht, 4 March 2008
for Ernst Young Accountants
G.H.C. de Meris
120
Rabobank Group Annual Report 2007
