Dish Network 1998 Annual Report Download - page 49

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REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
F–2
To EchoStar Communications Corporation:
We have audited the accompanying consolidated balance sheets of EchoStar Communications Corporation (a
Nevada corporation) and subsidiaries, as described in Note 1, as of December 31, 1997 and 1998, and the related
consolidated statements of operations and comprehensive loss, changes in stockholders’ equity and cash flows for each
of the three years in the period ended December 31, 1998. These financial statements are the responsibility of the
Companies’ 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, the financial statements referred to above present fairly, in all material respects, the consolidated financial position of
EchoStar Communications Corporation and subsidiaries as of December 31, 1997 and 1998, and the consolidated results of their
operations and their cash flows for each of the three years in the period ended December 31, 1998, in conformity with generally
accepted accounting principles.
ARTHUR ANDERSEN LLP
Denver, Colorado,
March 2, 1999.