Sunbeam 2003 Annual Report Download - page 33

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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 (the “Company”) as of December 31, 2003 and 2002, 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, 2003. 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, 2003 and 2002,
and the consolidated results of their operations and their cash flows for each of the three years in the
period ended December 31, 2003 in conformity with accounting principles generally accepted in the
United States.
/s/ ERNST &YOUNG LLP
New York, New York
January 30, 2004
page 31