Starbucks 1999 Annual Report Download - page 29

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STARBUCKS CORPORATION
(Seattle,Washington)
We have audited the accompanying consolidated balance sheets of Starbucks Corporation and
subsidiaries (the Company) as of October 3, 1999, and September 27, 1998, and the related
consolidated statements of earnings, shareholders’ equity, and cash flows for each of the three
years in the period ended October 3, 1999.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 in accordance with generally accepted auditing standards. 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, such consolidated financial statements present fairly, in all material respects, the
financial position of Starbucks Corporation and subsidiaries as of October 3, 1999, and September
27, 1998, and the results of their operations and their cash flows for each of the three years in the
period ended October 3, 1999, in conformity with generally accepted accounting principles.
   
Seattle,Washington
December 10, 1999
.
STARBUCKS COFFEE COMPANY