Creative 1999 Annual Report Download - page 19

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17
TO THE BOARD OF DIRECTORS AND
SHAREHOLDERS OF CREATIVE TECHNOLOGY LTD.
In our opinion, the accompanying consolidated balance sheets and the related consolidated statements of operations, of cash flows and
of shareholders’ equity present fairly, in all material respects, the financial position of Creative Technology Ltd. and its subsidiaries at June
30, 1999 and 1998, and the results of their operations and their cash flows for each of the three years in the period ended June 30, 1999,
in conformity with generally accepted accounting principles. These financial statements are the responsibility of Creative’s management;
our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these statements
in accordance with generally accepted auditing standards 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 the
opinion expressed above.
PricewaterhouseCoopers
Singapore
August 6, 1999
Report of Independent Accountants