Exhibit 99.1
Financial Statement Schedule II
INDEPENDENT AUDITORS' REPORT
To the Board of Directors and Stockholders of
Uniroyal Technology Corporation
We have audited the consolidated balance sheets of Uniroyal Technology
Corporation and subsidiaries (the "Company") as of September 26, 1999 and
September 27, 1998, and the related consolidated statements of operations,
comprehensive income, changes in stockholders' equity and cash flows for the
years ended September 26, 1999, September 27, 1998 and September 28, 1997, and
have issued our report thereon dated December 20, 1999 (April 12, 2000 as to
Note 21). Our audits also included the accompanying consolidated financial
statement schedule shown in this Form 8-K. This consolidated financial statement
schedule is the responsibility of the Company's management. Our responsibility
is to express an opinion based on our audits. In our opinion, such consolidated
financial statement schedule, when considered in relation to the basic
consolidated financial statements taken as a whole, presents fairly in all
material respects the information set forth therein.
DELOITTE & TOUCHE LLP
Certified Public Accountants
Tampa, Florida
December 20, 19991
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SCHEDULE II
UNIROYAL TECHNOLOGY CORPORATION AND SUBSIDIARIES
VALUATION AND QUALIFYING ACCOUNTS
(in thousands)
COLUMN A COLUMN B COLUMN C COLUMN D COLUMN E
-------- -------- -------- -------- --------
ADDITIONS
BALANCE AT CHARGED(CREDITED) CHARGED BALANCE
DESCRIPTION BEGINNING OF TO COSTS AND TO OTHER AT END OF
----------- PERIOD EXPENSES ACCTS. DEDUCTION PERIOD
-------- -------- -------- --------- --------
(a) (b)
<S> <C> <C> <C> <C> <C>
Year ended September 26, 1999
Estimated reserve for doubtful
accounts $ 87 $ - $ 2 $ (1) $ 88
======== ======== ======== ======== ========
Year ended September 27, 1998
Estimated reserve for doubtful
accounts $ 100 $ - $ - $ (13) $ 87
======== ======== ======== ======== ========
Year ended September 28, 1997
Estimated reserve for doubtful
accounts $ 119 $ - $ 50 $ (69) $ 100
======== ======== ======== ======== ========
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(a) Amount represents recovery of amounts previously written-off and
reserve established for receivables of an acquired business.
(b) Amount includes write-off of uncollectible accounts.
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