WeightWatchers 2002 Annual Report Download - page 94

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Report of Independent Accountants
To the Board of Directors and Shareholders
of Weight Watchers International, Inc.:
In our opinion, the consolidated financial statements listed in the index appearing under Item
15(a)(1) on page F-1 present fairly, in all material respects, the financial position of Weight Watchers
International, Inc. and its subsidiaries at December 28, 2002 and December 29, 2001, and the results of
their operations and their cash flows for each of the two years in the period ended December 28, 2002,
the eight months ended December 30, 2000 and the fiscal year ended April 29, 2000, in conformity with
accounting principles generally accepted in the United States of America. In addition, in our opinion,
the financial statement schedule listed in the index appearing under Item 15(a)(2) on page F-1 presents
fairly, in all material respects, the information set forth therein when read in conjunction with the
related consolidated financial statements. These financial statements and financial statement schedule
are the responsibility of the Company’s management; our responsibility is to express an opinion on
these financial statements and financial statement schedule based on our audits. We conducted our
audits of these statements in accordance with auditing standards generally accepted in the United
States of America, which 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, assessing
the accounting principles used and significant estimates made by management, and evaluating the
overall financial statement presentation. We believe that our audits provide a reasonable basis for our
opinion.
As discussed in Note 2 to the consolidated financial statements, on December 30, 2001, Weight
Watchers International, Inc. adopted Statement of Financial Accounting Standards No. 142, ‘‘Goodwill
and Other Intangible Assets.’’
PricewaterhouseCoopers LLP
New York, New York
February 17, 2003, except as to Note 19,
which is as of March 7, 2003
F-45