LensCrafters 2004 Annual Report Download - page 95

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INDEPENDENT AUDITORS’ REPORT
CONSOLIDATED BALANCE SHEETS AS OF DECEMBER 31, 2003 AND 2004
In accordance with U.S. GAAP
(1) Translated for convenience at
the New York City Noon Buying
Rate as determined in Note 1.
Current assets
Cash and cash equivalents
Accounts receivable (Less allowance for doubtful
accounts, Euro 21.5 million in 2003, and Euro 23.4
million in 2004; US$ 31.7 million)
Sales and income taxes receivable
Inventories
Prepaid expenses and other
Asset held for sale - Pearle Europe
Deferred tax assets
Total current assets
Property, plant and equipment - net
Other assets
Goodwill
Intangible assets - net
Investments
Other assets
Total other assets
TOTAL
ASSETS
299,937
353,516
34,259
404,216
50,714
-
124,451
1,267,093
497,435
1,328,914
764,698
13,055
41,481
2,148,148
3,912,676
2003
(Euro thousands)
257,349
406,437
33,120
433,158
69,151
143,617
104,508
1,447,340
599,245
1,500,962
972,091
13,371
23,049
2,509,473
4,556,058
2004
(Euro thousands)
348,399
550,234
44,838
586,409
93,617
194,429
141,483
1,959,409
811,258
2,032,002
1,316,017
18,102
31,204
3,397,325
6,167,992
2004
(US$ thousands) (1)
94