Logitech 2004 Annual Report Download - page 99

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REPORT OF THE GROUP AUDITORS TO THE GENERAL MEETING OF
LOGITECH INTERNATIONAL S.A. APPLES, SWITZERLAND
As group auditors, we have audited the consolidated financial statements of Logitech International S.A. and
its subsidiaries,consisting of the consolidated balance sheets at March 31, 2004 and 2003, the consolidated
statements of income, of cash flows and of changes in shareholders’ equity for the years ended March 31, 2004,
2003 and 2002, and the notes to the consolidated financial statements.
These consolidated financial statements are the responsibility of the Board of Directors of Logitech
International S.A. Our responsibility is to express an opinion on these consolidated financial statements based on
our audit. We confirm that we meet the Swiss legal requirements concerning professional qualification and
independence.
Our audit was conducted in accordance with auditing standards promulgated by the profession in
Switzerland and those generally accepted in the United States of America, which require that an audit be planned
and performed to obtain reasonable assurance about whether the consolidated financial statements are free from
material misstatement. We have examined on a test basis evidence supporting the amounts and disclosures in the
consolidated financial statements. We have also assessed the accounting principles used, significant estimates
made and the overall consolidated financial statement presentation. We believe that our audit provides a
reasonable basis for our opinion.
In our opinion, the consolidated financial statements present fairly, in all material respects, the financial
position of Logitech International S.A. and its subsidiaries at March 31, 2004 and 2003 and the results of
operations, cash flows and changes in shareholders’ equity for the years ended March 31, 2004, 2003 and 2002 in
accordance with accounting principles generally accepted in the United States of America and comply with Swiss
law.
We recommend that the consolidated financial statements submitted to you be approved.
PricewaterhouseCoopers SA
M. Foley M. Perry
Lausanne, Switzerland
May 17, 2004
F-2