Westjet 1999 Annual Report Download - page 15

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We have audited the balance sheets of WestJet Airlines Ltd. as at
December 31, 1999 and 1998 and the statements of operations and
retained earnings and cash flows for the years then ended. These
financial statements are the responsibility of the Corporation’s management. Our
responsibility is to express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with Canadian generally accepted auditing
standards. Those standards require that we plan and perform an audit to obtain
reasonable assurance 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.
In our opinion, these financial statements present fairly, in all material respects, the
financial position of the Corporation as at December 31, 1999 and 1998 and the
results of its operations and its cash flows for the years then ended in accordance with
Canadian generally accepted accounting principles.
Chartered Accountants
Calgary, Canada
February 24, 2000
13
WestJet Airlines 1999 Annual Report
the Shareholders
WestJetter Kevin of our Flight Operations team.
Auditors Report to
Signed
KPMG LLP