REPORT OF INDEPENDENT ACCOUNTANTS. In our opinion, the accompanying consolidated balance sheets and the related consolidated statements of operations, of stockholders' equity and of cash flows present fairly, in all material respects, the financial position of Harmonic Inc. and its subsidiaries at December 31, 1999 and 1998, and the results of their operations and their cash flows for each of the three years in the period ended December 31, 1999 in conformity with generally accepted accounting principles. These financial statements are the responsibility of the Company's management; our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these statements in accordance with generally accepted auditing standards which 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, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for the opinion expressed above. /s/ PRICEWATERHOUSECOOPERS LLP -------------------------------------- PRICEWATERHOUSECOOPERS LLP San Jose, CA January 18, 2000 30 HARMONIC INC. CONSOLIDATED BALANCE SHEETS ASSETS DECEMBER 31, ---------------------- 1999 1998 --------- --------- (IN THOUSANDS, EXCEPT SHARE DATA) Current assets: Cash and cash equivalents................................. $ 24,822 $ 9,178 Short-term investments.................................... 64,877 -- Accounts receivable, net.................................. 35,421 17,646 Inventories............................................... 35,310 22,385 Deferred income taxes..................................... 5,478 -- Prepaid expenses and other assets......................... 3,792 1,175 -------- -------- Total current assets.............................. 169,700 50,384 Property and equipment, net................................. 14,931 10,726 Intangibles and other assets................................ 1,062 1,314 -------- -------- $185,693 $ 62,424 ======== ======== LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable.......................................... $ 18,946 $ 7,534 Income taxes payable...................................... 2,265 151 Accrued liabilities.......
REPORT OF INDEPENDENT ACCOUNTANTS. To the Shareholders and Board of Directors of The Brazilian Investment Fund, Inc. In our opinion, the accompanying statement of net assets and the related statements of operations and of changes in net assets and the financial highlights present fairly, in all material respects, the financial position of The Brazilian Investment Fund, Inc. (the "Fund") at December 31, 1994, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended and the financial highlights for each of the three years in the period then ended and for the period June 4, 1991 (commencement of operations) through December 31, 1991, in conformity with generally accepted accounting principles. These financial statements and financial highlights (hereafter referred to as "financial statements") are the responsibility of the Fund's management; our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these financial statements in accordance with generally accepted auditing standards which 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, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits, which included confirmation of securities at December 31, 1994 by correspondence with the custodians and brokers and the application of alternative auditing procedures where confirmations from brokers were not received, provide a reasonable basis for the opinion expressed above. PRICE WATERHOUSE LLP 0000 Xxxxxx xx xxx Xxxxxxxx New York, New York 10036 February 17, 1995
REPORT OF INDEPENDENT ACCOUNTANTS. To the Board of Directors and Shareholders of Amkor Technology, Inc.: In our opinion, based on our audit and the report of another auditor, the consolidated financial statements listed in the accompanying index present fairly, in all material respects, the financial position of Amkor Technology, Inc. and its subsidiaries at December 31, 2000, and the results of their operations and their cash flows for the year then ended in conformity with accounting principles generally accepted in the United States of America. These financial statements are the responsibility of the Company's management; our responsibility is to express an opinion on these financial statements based on our audit. We did not audit the financial statements of Amkor Technology Philippines (P1/P2), Inc. and Amkor Technology Philippines (P3/P4), Inc. both wholly owned subsidiaries, collectively referred to herein as ATP, which combined financial statements reflect total assets and operating expenses (including cost of revenues) of 21% and 17%, respectively, of the related consolidated totals at December 31, 2000 and for the year then ended. The combined financial statements of ATP were audited by another auditor whose report thereon has been furnished to us, and our opinion expressed herein, insofar as it relates to the amounts included for ATP, is based solely on the report of the other auditor. In addition, in our opinion, the financial statement schedule listed in the accompanying index presents fairly, in all material respects, the information set forth therein when read in conjunction with the related consolidated financial statements. We conducted our audit of these statements in accordance with auditing standards generally accepted in the United States of America, which 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, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audit and the report of the other auditor provide a reasonable basis for our opinion. PricewaterhouseCoopers LLP Philadelphia, Pennsylvania February 2, 2001 37 39 AMKOR TECHNOLOGY, INC. CONSOLIDATED STATEMENTS OF INCOME FOR THE YEAR ENDED DECEMBER 31, -------------------------------------...
REPORT OF INDEPENDENT ACCOUNTANTS. To The Board of Directors and Shareholders Radiance Medical Systems, Inc. In our opinion, the consolidated financial statements listed in the Index at Item 14(a)(1) for the years ended December 31, 2000 and 1999 present fairly, in all material respects, the financial position of Radiance Medical Systems, Inc. at December 31, 2000 and 1999, and the results of its operations and its cash flows for each of the two years in the period ended December 31, 2000 in conformity with accounting principles generally accepted in the United States of America. In addition, in our opinion, the financial statement schedule listed in the Index at Item 14(a)(2) for the years ended December 31, 2000 and 1999 present fairly, in all material respects, the information set forth therein for the years ended December 31, 2000 and 1999 when read in conjunction with the related consolidated financial statements. These financial statements and financial statement schedule are the responsibility of the Company's management; our responsibility is to express an opinion on these financial statements and financial statement schedule based on our audits. We conducted our audits of these statements in accordance with auditing standards generally accepted in the United States of America, which 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, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. PRICEWATERHOUSECOOPERS LLP Orange County, California February 2, 2001, except for Note 15 as to which the date is February 16, 2001 and Note 16 as to which the date is February 28, 2001 44 REPORT OF ERNST & YOUNG LLP, INDEPENDENT AUDITORS The Board of Directors and Shareholders Radiance Medical Systems, Inc. We have audited the consolidated balance sheet of Radiance Medical Systems, Inc. as of December 31, 1998 (not presented herein), and the accompanying related consolidated statements of operations, stockholders' equity and comprehensive income (loss), and cash flows for the year ended December 31, 1998. Our audits also included the financial statement schedule listed in the Index at Item 14(a). These financial statement...
REPORT OF INDEPENDENT ACCOUNTANTS. To the Participants and Administrator of The BellSouth Savings and Security Plan: In our opinion, the accompanying statements of net assets available for benefits and the related statements of changes in net assets available for benefits present fairly, in all material respects, the net assets available for benefits of the BellSouth Savings and Security Plan (the "Plan") at December 31, 1998 and 1997, and the changes in net assets available for benefits for each of the three years in the period ended December 31, 1998 in conformity with generally accepted accounting principles. These financial statements are the responsibility of the Plan's management; our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these statements in accordance with generally accepted auditing standards which 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, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for the opinion expressed above. Our audits were conducted for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental Schedule of Assets Held for Investment Purposes is presented for the purpose of additional analysis and is not a required part of the basic financial statements but is supplementary information required by the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. The fund information in the statements of net assets available for benefits and the statements of changes in net assets available for benefits is presented for purposes of additional analysis rather than to present the net assets available for benefits and changes in net assets available for benefits of each fund. This supplemental schedule and fund information are the responsibility of the Plan's management. The supplemental schedule and fund information have been subjected to the auditing procedures applied in the audits of the basic financial statements and, in our opinion, are fairly stated in all material respects in relation to the basic fina...
REPORT OF INDEPENDENT ACCOUNTANTS. To the partners of Liberty Washington, LP In planning and performing our audit of the consolidated financial statements of Liberty Washington, LP for the year ended December 31, 200_____, we considered its internal control to determine our auditing procedures for the purpose of expressing our opinion on the consolidated financial statements and not to provide assurance on internal control. Our consideration of internal control would not necessarily disclose all matters in internal control that might be material weaknesses under standards established by the American Institute of Certified Public Accountants. A material weakness is a condition in which the design or operation of one or more of the internal control components does not reduce to a relatively low level the risk that misstatements caused by errors or fraud in amounts that would be material in relation to the consolidated financial statements being audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions. However, we noted no matters involving internal control and its operation that we consider to be material weaknesses as defined above. This report is intended solely for the information and use of the partners of Liberty Washington, LP, management, and others within the organization and is not intended to be and should not be used by anyone other than these specified parties. We would be pleased to discuss the above matters or to respond to any questions, at your convenience. EXHIBIT K DUE DILIGENCE AND CLOSING PROCEDURES FOR ACQUISITION OF VACANT LAND, LAND AND IMPROVEMENTS SUITABLE FOR BEING REHABILITATED AS REDEVELOPMENT PROPERTY, AND FUNCTIONAL OFFICE PROPERTY [The confidential information contained herein has been omitted and separately filed with the staff.] EXHIBIT L DUE DILIGENCE AND CLOSING PROCEDURES FOR NEW DEVELOPMENT AND REDEVELOPMENT PROPERTY [The confidential information contained herein has been omitted and separately filed with the staff.] EXHIBIT M Insurance Requirements GENERAL REQUIREMENTS • Insurance companies must have an AM Best Rating of A/10 or higher for Primary Property, Liability and Umbrella policies up to $100 million and A/8 for policies in excess of $25 million in limits. • CRF entities should be named as Insureds on all policies and Loss Payee on Property policies. • All cancellation clauses must reflect at least 60 days written notice to CRF, except for non-payment — 15 days if availabl...
REPORT OF INDEPENDENT ACCOUNTANTS. To the Board of Directors and Shareholders of Universal Hospital Services, Inc.: In our opinion, the accompanying balance sheets and the related statements of operations, shareholders' (deficiency) equity and other comprehensive loss and cash flows present fairly, in all material respects, the financial position of Universal Hospital Services, Inc. (the Company) at December 31, 2002 and 2001, and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2002, in conformity with accounting principles generally accepted in the United States of America. These financial statements are the responsibility of the Company's management; our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these statements in accordance with auditing standards generally accepted in the United States of America, which 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, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. As discussed in Note 2 to the financial statements, the Company adopted Statement of Financial Accounting Standards No. 142, "Goodwill and Other Intangible Assets" on January 1, 2002. PRICEWATERHOUSECOOPERS LLP Minneapolis, Minnesota February 14, 2003 UNIVERSAL HOSPITAL SERVICES, INC. BALANCE SHEETS AT DECEMBER 31, 2002 AND 2001 2002 2001 -------------- -------------- ASSETS Current assets: Accounts receivable, less allowance for doubtful accounts of $1,800,000 and $2,000,000 at December 31, 2002 and 2001, respectively $ 29,806,992 $ 30,573,422 Inventories 2,982,972 2,761,982 Deferred income taxes 3,062,000 2,370,000 Other current assets 1,699,840 1,120,282 -------------- -------------- Total current assets 37,551,804 36,825,686 Property and equipment, net: Movable medical equipment, net 118,408,936 111,964,787 Property and office equipment, net 5,746,428 5,932,737 -------------- -------------- Total property and equipment, net 124,155,364 117,897,524 Intangible assets: Goodwill 35,608,043 35,608,043 Other, primarily deferred financing costs, net 3,947,445 5,179,240 Othe...
REPORT OF INDEPENDENT ACCOUNTANTS. 24 Powers of Attorney.* 27 Financial Data Schedule.* * Filed electronically herewith.
REPORT OF INDEPENDENT ACCOUNTANTS. ........................ 38
REPORT OF INDEPENDENT ACCOUNTANTS. 13 Consolidated Balance Sheet as of December 31, 1994 and 1993................................................ 14 Consolidated Statement of Operations for the years ended December 31, 1994 and 1993........................ 15 Statements of Stockholders' Equity for the years ended December 31, 1994 and 1993.......................... 16 Statements of Cash Flows for the years ended December 1994 and 1993........................................ 17
