Bemis Company 2007 Annual Report - IR Solutions
Bemis Company 2007 Annual Report - IR Solutions
Bemis Company 2007 Annual Report - IR Solutions
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SCHEDULE II – VALUATION AND QUALIFYING ACCOUNTS AND RESERVES<br />
(in thousands)<br />
Balance at Additions Foreign Balance<br />
Year Ended Beginning Charged to Currency at Close<br />
December 31, of Year Profit & Loss Writeoffs Impact Other of Year<br />
RESERVES FOR DOUBTFUL ACCOUNTS AND ALLOWANCES<br />
<strong>2007</strong> $20,287 $7,385 $(9,252) (1) $891 $19,311<br />
2006 $19,120 $12,599 $(11,947) (2) $515 $20,287<br />
2005 $16,935 $14,638 $(14,009) (3) $(181) $1,737 (4) $19,120<br />
(1) Net of $396 collections on accounts previously written off.<br />
(2) Net of $245 collections on accounts previously written off.<br />
(3) Net of $478 collections on accounts previously written off.<br />
(4) Acquired with business unit acquisition.<br />
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING F<strong>IR</strong>M ON FINANCIAL STATEMENT SCHEDULE<br />
To the Board of Directors of <strong>Bemis</strong> <strong>Company</strong>, Inc:<br />
Our audits of the consolidated financial statements and of the effectiveness of internal control over financial reporting referred<br />
to in our report dated February 28, 2008, appearing in the <strong>2007</strong> <strong>Annual</strong> <strong>Report</strong> to Shareholders of <strong>Bemis</strong> <strong>Company</strong>, Inc. (which report and<br />
consolidated financial statements are included in this <strong>Annual</strong> <strong>Report</strong> on Form 10-K) also included an audit of the financial statement<br />
schedule listed in Item 15(a)(2) of this Form 10-K. In our opinion, this financial statement schedule presents fairly, in all material<br />
respects, the information set forth therein when read in conjunction with the related consolidated financial statements.<br />
PricewaterhouseCoopers LLP<br />
Minneapolis, Minnesota<br />
February 28, 2008<br />
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