Chili's 2001 Annual Report Download - page 59

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INDEPENDENT AUDITORS’ REPORT
The Board of Directors
Brinker International, Inc.:
We have audited the accompanying consolidated balance sheets of Brinker International, Inc. and
subsidiaries as of June 27, 2001 and June 28, 2000, and the related consolidated statements of income,
shareholders’ equity and cash flows for each of the years in the three-year period ended June 27, 2001.
These consolidated financial statements are the responsibility of the Company’s management. Our
responsibility is to express an opinion on these consolidated financial statements based on our audits.
We conducted our audits in accordance with auditing standards generally accepted in the United
States of America. 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
provide a reasonable basis for our opinion.
In our opinion, the consolidated financial statements referred to above present fairly, in all material
respects, the financial position of Brinker International, Inc. and subsidiaries as of June 27, 2001 and
June 28, 2000, and the results of their operations and their cash flows for each of the years in the
three-year period ended June 27, 2001 in conformity with accounting principles generally accepted in the
United States of America.
As discussed in Note 1 to the consolidated financial statements, the Company changed its method of
accounting for the cost of start-up activities in fiscal 1999.
KPMG LLP
Dallas, Texas
July 31, 2001, except for Note 15,
as to which the date is August 31, 2001
F-28