Adobe 2000 Annual Report Download - page 78

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51
To the Board of Directors and Stockholders of Adobe Systems Incorporated:
We have audited the accompanying consolidated balance sheets of Adobe Systems
Incorporated and subsidiaries as of December 1, 2000 and December 3, 1999, and the
related consolidated statements of income, stockholders’ equity and other comprehensive
income, and cash fl ows for each of the years in the three-year period ended December 1,
2000. These consolidated fi nancial statements are the responsibility of the Company’s
management. Our responsibility is to express an opinion on these consolidated fi nancial
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 fi nancial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting the
amounts and disclosures in the fi nancial statements. An audit also includes assessing the
accounting principles used and significant estimates made by management, as well as
evaluating the overall fi nancial statement presentation. We believe that our audits provide
a reasonable basis for our opinion.
In our opinion, the consolidated fi nancial statements referred to above present fairly, in
all material respects, the financial position of Adobe Systems Incorporated and
subsidiaries as of December 1, 2000 and December 3, 1999, and the results of their
operations and their cash flows for each of the years in the three-year period ended
December 1, 2000, in conformity with accounting principles generally accepted in the
United States of America.
KPMG LLP
Mountain View, California
December 12, 2000
Independent Auditors’ Report
50