mitac international corp consolidated financial statements and report of independent accountants december 31 2004 2003 m82p5223 d05 to the board directors shareholders we have audited balance sheets its subsidiaries as related income changes in stockholders equity cash flows for years then ended these are responsibility company s management our is express an opinion on based audits conducted accordance with rules governing examination by certified public generally accepted auditing standards republic china those require that plan perform obtain reasonable assurance about whether free material misstatement audit includes examining a test basis evidence supporting amounts disclosures also assessing accounting principles used significant estimates made well evaluating overall