Western Digital 2002 Annual Report Download - page 36

Download and view the complete annual report

Please find page 36 of the 2002 Western Digital annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 72

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72

INDEPENDENT AUDITORS' REPORT
The Board of Directors
Western Digital Corporation:
We have audited the consolidated Ñnancial statements of Western Digital Corporation and subsidiaries as listed in
the accompanying index. In connection with our audits of the consolidated Ñnancial statements, we also have audited the
Ñnancial statement schedule as listed in the accompanying index. These consolidated Ñnancial statements and the Ñnancial
statement schedule are the responsibility of the Company's management. Our responsibility is to express an opinion on
these consolidated Ñnancial statements and the Ñnancial statement schedule 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 Ñnancial
statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the
amounts and disclosures in the Ñnancial statements. An audit also includes assessing the accounting principles used and
signiÑcant estimates made by management, as well as evaluating the overall Ñnancial statement presentation. We believe
that our audits provide a reasonable basis for our opinion.
In our opinion, the consolidated Ñnancial statements referred to above present fairly, in all material respects, the
Ñnancial position of Western Digital Corporation and subsidiaries as of June 28, 2002 and June 29, 2001, and the
results of their operations and their cash Öows for each of the years in the three-year period ended June 28, 2002, in
conformity with accounting principles generally accepted in the United States. Also, in our opinion, the related Ñnancial
statement schedule, when considered in relation to the basic consolidated Ñnancial statements taken as a whole, presents
fairly, in all material respects, the information set forth therein.
As discussed in Note 1 to the consolidated Ñnancial statements, the Company changed its method of revenue
recognition with respect to certain sales commencing on July 1, 2000.
KPMG LLP
Orange County, California
July 25, 2002
31