Barnes and Noble 2002 Annual Report Download - page 52

Download and view the complete annual report

Please find page 52 of the 2002 Barnes and Noble 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 59

  • 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
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59

REPORT OF INDEPENDENT
CERTIFIED PUBLIC ACCOUNTANTS
The Board of Directors
Barnes & Noble, Inc.
We have audited the accompanying consolidated
balance sheets of Barnes & Noble, Inc. and subsidiaries
as of February 1, 2003 and February 2, 2002 and the
related consolidated statements of operations, changes
in shareholders' equity and cash flows for each of the
three fiscal years in the period ended February 1, 2003.
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, the consolidated financial statements
referred to above present fairly, in all material respects,
the financial position of Barnes & Noble, Inc. and its
subsidiaries as of February 1, 2003 and February 2,
2002 and the results of their operations and their cash
flows for each of the three fiscal years in the period
ended February 1, 2003, in conformity with accounting
principles generally accepted in the United States of
America.
As discussed in Note 1 to the Consolidated Financial
Statements, effective February 3, 2002, the Company
adopted Statement of Financial Standards No. 142,
Goodwill and Other Intangible Assets.
New York, New York
March 14, 2003
BDO Seidman, LLP
51
2002 Annual Report ■Barnes & Noble, Inc.