Snapple 2008 Annual Report Download - page 76

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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Board of Directors and Stockholders of Dr Pepper Snapple Group, Inc.:
Plano, Texas
We have audited the accompanying consolidated balance sheets of Dr Pepper Snapple Group, Inc. and
subsidiaries (the “Company”) as of December 31, 2008 and 2007, and the related consolidated statements of
operations, stockholders’ equity, and cash flows for each of the three years in the period ended December 31, 2008.
These 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.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board
(United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about
whether the financial statements are free of material misstatement. The Company is not required to have, nor were
we engaged to perform, an audit of its internal control over financial reporting. Our audits included consideration of
internal control over financial reporting as a basis for designing audit procedures that are appropriate in the
circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal
control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a
test basis, evidence supporting the amounts and disclosures in the financial statements, 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, such consolidated financial statements present fairly, in all material respects, the financial
position of Dr Pepper Snapple Group, Inc. and subsidiaries at December 31, 2008 and 2007, and the results of their
operations and their cash flows for each of the three years in the period ended December 31, 2008, in conformity
with accounting principles generally accepted in the United States of America.
As discussed in Note 1, the consolidated financial statements of the Company include allocation of certain
general corporate overhead costs through May 7, 2008, from Cadbury Schweppes plc. These costs may not be
reflective of the actual level of costs which would have been incurred had the Company operated as a separate entity
apart from Cadbury Schweppes plc.
As discussed in Note 13 to the consolidated financial statements, the Company changed its method of
accounting for uncertainties in income taxes as of January 1, 2007.
/s/ Deloitte & Touche LLP
Dallas, Texas
March 26, 2009
52