NVIDIA 2003 Annual Report Download - page 41

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INDEPENDENT AUDITORS’ REPORT
The Board of Directors and Stockholders
NVIDIA Corporation:
We have audited the consolidated financial statements of NVIDIA Corporation and subsidiaries (the
“Company”) as listed in the accompanying index. In connection with our audits of the consolidated financial
statements, we have also audited the financial statement schedule as listed in the accompanying index. These
consolidated financial statements and financial statement schedule are the responsibility of the Company’s
management. Our responsibility is to express an opinion on these consolidated financial statements and financial
statement schedule 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 NVIDIA Corporation and subsidiaries as of January 26, 2003 and January 27, 2002 and
the results of their operations and their cash flows for each of the years in the three-year period ended January 26,
2003, in conformity with accounting principles generally accepted in the United States of America. Also in our
opinion, the related financial statement schedule, when considered in relation to the consolidated financial
statements taken as a whole, presents fairly, in all material respects, the information set forth therein.
As discussed in Note 1 of the accompanying notes to consolidated financial statements, effective January
28, 2002 the Company adopted the provisions of Statement of Financial Accounting Standards No. 142,
Goodwill and Other Intangible Assets.
/s/ KPMG LLP
Mountain View, California
February 13, 2003
39