Dollar Tree 2004 Annual Report Download - page 30

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26 DOLLAR TREE STORES, INC. • 2004 ANNUAL REPORT
The Board of Directors and Stockholders
Dollar Tree Stores, Inc.:
We have audited the accompanying consolidated balance sheets of Dollar Tree Stores, Inc. and subsidiaries (the Company)
as of January 29, 2005 and January 31, 2004, and the related consolidated statements of operations, shareholders’equity
and comprehensive income (loss), and cash flows for each of the years ended January 29, 2005 and January 31, 2004, the
one-month period ended February 1, 2003, and the year ended December 31, 2002. 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 the standards of the Public Company Accounting Oversight Board
(United States). 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 the Company as of January 29, 2005 and January 31, 2004, and the results of their operations
and their cash flows for each of the years ended January 29, 2005 and January 31, 2004, the one-month period
ended February 1, 2003 and the year ended December 31, 2002, in conformity with U.S. generally accepted
accounting principles.
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board
(United States), the effectiveness of the Company’s internal control over financial reporting as of January 29, 2005, based
on criteria established in Internal Control—Integrated Framework, issued by the Committee of Sponsoring Organizations
of the Treadway Commission (COSO), and our report dated April 12, 2005 expressed an unqualified opinion on
management’s assessment of, and the effective operation of, internal control over financial reporting.
Effective January 1, 2003, the Company implemented the provisions of Financial Accounting Standards Board
Interpretation No. 46, Consolidation of Variable Interest Entities, as described in Note 12.
Norfolk, Virginia
April 12, 2005
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM