Download Annual Report, 2.44 MB - Xyratex

XYRATEX LTDREPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRMTo Board of Directors and shareholders of Xyratex Ltd:In our opinion, the accompanying consolidated balance sheets and the related consolidated statementsof operations, shareholders’ equity and comprehensive income (loss) and cash flows present fairly, in allmaterial respects, the financial position of Xyratex Ltd and its subsidiaries at November 30, 2005 and2004, and the results of their operations and their cash flows for each of the three years in the periodended November 30, 2005 in conformity with accounting principles generally accepted in the UnitedStates of America. These financial statements are the responsibility of the Company’s management.Our responsibility is to express an opinion on these financial statements based on our audits. Weconducted our audits of these statements in accordance with the standards of the Public CompanyAccounting Oversight Board (United States). Those standards require that we plan and perform theaudit to obtain reasonable assurance about whether the financial statements are free of materialmisstatement. An audit includes examining, on a test basis, evidence supporting the amounts anddisclosures in the financial statements, assessing the accounting principles used and significant estimatesmade by management, and evaluating the overall financial statement presentation. We believe that ouraudits provide a reasonable basis for our opinion.PRICEWATERHOUSECOOPERS LLPPricewaterhouseCoopers LLPSouthamptonEnglandFebruary 21, 2006F-1