Dish Network 2003 Annual Report Download - page 69

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INDEPENDENT AUDITORS’ REPORT
F–2
The Board of Directors and Stockholders
EchoStar Communications Corporation:
We have audited the accompanying consolidated balance sheets of EchoStar Communications Corporation and
subsidiaries as of December 31, 2003 and 2002, and the related consolidated statements of operations and
comprehensive income (loss), stockholders’ deficit and cash flows for the years then ended. These consolidated
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. The 2001 consolidated financial statements of EchoStar
Communications Corporation and subsidiaries were audited by other auditors who have ceased operations. Those
auditors expressed an unqualified opinion on those consolidated financial statements in their report dated February
27, 2002. That report included an explanatory note that stated that they did not audit the financial statements of
StarBand Communications, Inc., an investment accounted for under the equity method of accounting, which was
reflected in the consolidated financial statements for the year ended December 31, 2001.
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 audits 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 EchoStar Communications Corporation and subsidiaries as of December 31, 2003 and 2002,
and the results of its operations and its cash flows for the years then ended in conformity with accounting principles
generally accepted in the United States of America.
As discussed in note 2 to the consolidated financial statements, the Company changed its method of accounting for
goodwill and intangible assets effective January 1, 2002.
As discussed in note 3, the consolidated financial statements as of and for the year ended December 31, 2002 have
been restated.
KPMG LLP
Denver, Colorado
March 22, 2004.