Starbucks 2001 Annual Report Download - page 34

Download and view the complete annual report

Please find page 34 of the 2001 Starbucks annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 36

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36

Starbucks Corporation
We have audited the accompanying consolidated balance sheets of Starbucks Corporation and
subsidiaries (the Company) as of September 30, 2001, and October 1, 2000, and the related
consolidated statements of earnings, shareholders’equity and cash flows for each of the three years in
the period ended September 30, 2001. 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 auditing standards generally accepted in the United
States of America.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 September 30, 2001, and October
1,2000, and the results of their operations and their cash flows for each of the three years in the period
ended September 30,2001,in conformity with accounting principles generally accepted in the United
States of America.
ELO I T T E TO U C H E
Seattle,Washington
December 4, 2001