Sunbeam 2002 Annual Report Download - page 25

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Jarden Corporation
Report of Independent Auditors
Board of Directors and Shareholders
Jarden Corporation and Subsidiaries
We have audited the accompanying consolidated balance sheets of Jarden Corporation and subsidiaries as of
December 31, 2002 and 2001, and the related consolidated statements of operations, comprehensive income,
stockholders’ equity, and cash flows for each of the three years in the period ended December 31, 2002. These
financial statements are the responsibility of the Company’s management. Our responsibility is to express an
opinion on these financial statements based on our audits.
We conducted our audits in accordance with auditing standards generally accepted in the 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 financial statements referred to above present fairly, in all material respects, the
consolidated financial position of Jarden Corporation and subsidiaries at December 31, 2002 and 2001, and the
consolidated results of their operations and their cash flows for each of the three years in the period ended
December 31, 2002 in conformity with accounting principles generally accepted in the United States.
As discussed in Note 2 to the consolidated financial statements, on January 1, 2002, the Company adopted
Statement of Financial Accounting Standards No. 142, ‘‘Goodwill and Other Intangible Assets’’.
/s/ ERNST & YOUNG LLP
New York, New York
January 30, 2003
PG. 23