Jamba Juice 2009 Annual Report Download - page 104
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Table of Contents
To the Board of Directors and Stockholders of
Jamba Juice Company and Subsidiary:
We have audited the accompanying consolidated balance sheet of Jamba Juice Company and subsidiary (the “Company”) as of November 28, 2006,
and the related consolidated statements of income, common stockholders’ deficit, and cash flows for the period from June 28, 2006 to November 28, 2006
and for the fiscal year ended June 27, 2006. 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. The
Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audits included consideration of
internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of
expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also
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, as well as evaluating the overall financial statement presentation. We believe that our audits provide a
reasonable basis for our opinion.
In our opinion, such consolidated financial statements present fairly, in all material respects, the financial position of Jamba Juice Company and
subsidiary as of November 28, 2006, and the results of their operations and their cash flows for the period from June 28, 2006 to November 28, 2006 and
for the fiscal year ended June 27, 2006, in conformity with accounting principles generally accepted in the United States of America.
As discussed in Note 1, on June 28, 2006, the Company changed its method of accounting for share-based payment awards to conform to Statement of
Financial Accounting Standards No. 123 (revised 2004), Share-Based Payment.
/s/ Deloitte & Touche LLP
San Francisco, California
April 2, 2007
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