Cash America 2001 Annual Report Download - page 37

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35
To the Board of Directors and Stockholders
Cash America International, Inc.
In our opinion, based on our audits and the report of other auditors, the accompanying consolidated balance sheets and the related consolidated
statements of operations, cash flows and stockholders’ equity present fairly, in all material respects, the financial position of Cash America
International, Inc. and its subsidiaries at December 31, 2001 and 2000, and the results of their operations and their cash flows for each of the three
years in the period ended December 31, 2001 in conformity with accounting principles generally accepted in the United States of America. 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 did not audit the financial statements of innoVentry Corp. as of December 31, 2000 and for the two years then ended, the
investment and loss in which is reflected in the accompanying financial statements using the equity method of accounting (see Note 4). The
Company’s proportionate share of innoVentry Corp.’s net assets and advances from the Company was zero dollars as of December 31, 2000 and
reflects total operating losses of $15,653,000 and $15,238,000 for each of the two years in the period ended December 31, 2000. Those statements
were audited by other auditors whose report thereon has been furnished to us, and our opinion expressed herein, insofar as it relates to the
amounts included for innoVentry Corp., is based solely on the report of the other auditors. We conducted our audits of these statements in accor-
dance with auditing standards generally accepted in the United States of America, which require that we plan and perform the audit to obtain rea-
sonable 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 man-
agement, and evaluating the overall financial statement presentation. We believe that our audits and the report of other auditors provide a reason-
able basis for the opinion expressed above.
PricewaterhouseCoopers LLP
Fort Worth, Texas
January 25, 2002
Report of Independent Accountants