Symantec 1997 Annual Report Download - page 38

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36 SYMANTEC CORPORATION
The Board of Directors and Stockholders
Symantec Corporation
We have audited the accompanying consolidated balance sheets of Symantec Corporation as of March 31, 1997 and 1996, and the
related consolidated statements of operations, stockholders’ equity and cash flows for each of the three years in the period
ended March 31, 1997. Our audits also included the financial statement schedule listed in the Index at Item 14(a). These financial
statements and schedule are the responsibility of the Company’s management. Our responsibility is to express an opinion on
these consolidated financial statements and schedule based on our audits. We did not audit the financial statements or schedule
of Delrina Corporation, which statements reflect net income constituting 14% of the related 1995 consolidated financial statement
totals. Those statements were audited by other auditors whose report has been furnished to us, and our opinion, insofar as it
relates to data included for Delrina Corporation, is based solely on the report of the other auditors.
We conducted our audits in accordance with generally accepted auditing standards. Those standards require that we plan and
perform the audit 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 and the report of other auditors provide a reasonable basis
for our opinion.
In our opinion, based on our audits and the report of other auditors, the financial statements referred to above present fairly,
in all material respects, the consolidated financial position of Symantec Corporation at March 31, 1997 and 1996, and
the consolidated results of its operations and its cash flows for each of the three years in the period ended March 31, 1997, in
conformity with generally accepted accounting principles. Also, in our opinion, based upon our audits and the report of other
auditors, the related financial statement schedule, when considered in relation to the basic financial statements taken as a whole,
presents fairly in all material respects the information set forth therein.
Ernst & Young LLP
San Jose, California
April 25, 1997, except for paragraph 6 of Note 11, as to which the date is May 13, 1997.
Report of
Ernst & Young LLP, Independent Auditors