Frontier Airlines 2005 Annual Report Download - page 106

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16. VALUATION AND QUALIFYING ACCOUNTS
Description
Balance at
Beginning
of Year
Additions
Charged to
Expense Deductions
Balance at
End
of Year
Allowance for doubtful accounts
receivables:
December 31, 2005 $ 3,869 $ 87 $ (3,613)(4)(2) $ 343
December 31, 2004 819 3,385(3) (335)(2) 3,869
December 31, 2003 2,231 637 (2,049)(1)(2) 819
(1) Write off of the US Airways receivable in 2003.
(2) Uncollectible accounts written off net of recoveries
(3) In 2004, the Company recorded an allowance for doubtful accounts of $3,200 because of US Airways’ bankruptcy.
(4) Write off of US Airways receivable in 2004 .
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL
DISCLOSURE
There were no disagreements with accountants on accounting and financial disclosure.
ITEM 9A. CONTROLS AND PROCEDURES
Evaluation of Disclosure Controls and Procedures.
We maintain "disclosure controls and procedures", as such term is defined under Securities Exchange Act Rule 13a-15(e), that are
designed to ensure that information required to be disclosed in our Exchange Act reports is recorded, processed, summarized and
reported within the time periods specified in the SEC's rules and forms, and that such information is accumulated and communicated
to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions
regarding required disclosures. In designing and evaluating the disclosure controls and procedures, our management recognized that
any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the
desired control objectives and our management necessarily was required to apply its judgment in evaluating the cost-benefit
relationship of possible controls and procedures. We have carried out an evaluation, as of the end of the period covered by this report,
under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial
Officer, of the effectiveness of the design and operation of our disclosure controls and procedures. Based upon their evaluation and
subject to the foregoing, the Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and
procedures were effective in ensuring that material information relating to us is made known to the Chief Executive Officer and Chief
Financial Officer by others within the Company during the period in which this report was being prepared.
Management’s Annual Report on Internal Control Over Financial Reporting
Management is responsible for establishing and maintaining adequate internal control over financial reporting, as such term is defined
in Rules 13a-15(f) and 15d-15(f) under the Securities Exchange Act of 1934. Our internal control over financial reporting is designed
to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external
purposed in accordance with accounting principles generally accepted in the United States of America.
Source: REPUBLIC AIRWAYS HOLDINGS INC, 10-K, February 27, 2006 Powered by Morningstar® Document Research℠