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2000 Annual Report
Financial Review 2000 - Management Report on Financial Statements
The following financial statements and related financial information of Sunkist Growers, Inc. and
Subsidiaries ("the Company") were prepared by Management, which has the primary responsibility for
the integrity of the financial information. The statements have been prepared in conformity with
accounting principles generally accepted in the United States of America and include amounts that are
based on Management's best estimates and judgments. Financial information elsewhere in this annual
report is consistent with that in the financial statements.
Management has established and is responsible for maintaining a system of internal control designed
to provide reasonable assurance as to the integrity and reliability of the financial statements and the
protection of assets from unauthorized use or disposition. The system of internal control includes,
among other things, an independent audit committee of the Board of Directors, careful selection of
personnel, division of responsibilities, internal audits, and the application of formal policies and
procedures consistent with high standards of accounting and administrative practices.
The Audit Committee, composed solely of directors who are not employees of the Company, meets
periodically with the independent auditors, the Company's internal auditors, and Management, to
evaluate Management's performance in maintaining adequate accounting procedures and reporting
processes. The independent auditors and the internal auditors have free access to the Audit Committee,
without Management present, to discuss the results of their audit work and their opinions as to the
adequacy of the internal controls in place and the quality of financial reporting.
Management recognizes and cautions that there are inherent limitations in the effectiveness of any sys
tem of internal control. However, Management believes that, for the year ended October 31, 2000, the
Company's system of internal controls, as described above, provided reasonable assurance as to the
integrity and reliability of the financial statements and related financial information and the
safeguarding of assets.
H. B. Flach
Vice President, Finance and Administration
J. H. Mast
President (Acting)
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