Exhibit 23.1
REPORT ON FINANCIAL STATEMENT SCHEDULE AND CONSENT OF
INDEPENDENT AUDITORS
The Board of Directors
Giga-tronics Incorporated
The audits referred to in our report dated May 2, 2003 included the related financial statement schedule for the years ended March 29, 2003, March 30, 2002, and March 31, 2001, included herein. This financial statement schedule is the responsibility of the Company’s management. Our responsibility is to express an opinion on this financial statement schedule based on our audits. In our opinion, such 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.
We consent to incorporation by reference in the registration statements (Nos. 333-45476, 333-34719, 333-39403, and 333-69688) on Form S-8 of Giga-tronics Incorporated of our reports included herein.
/s/ KPMG LLP KPMG LLP |
Mountain View, California
May 28, 2003
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Schedule II
Column A | Column B | Column C | Column D | Column E | ||||||||||||
Balance at | Charged to | Balance | ||||||||||||||
Beginning of | Cost and | Deductions | at End | |||||||||||||
Description | Period | Expenses | (Recoveries) | of Period | ||||||||||||
$ | $ | $ | $ | |||||||||||||
Year ended March 29, 2003 | ||||||||||||||||
Allowances deducted from assets: | ||||||||||||||||
Accounts receivable: | ||||||||||||||||
For allowance for doubtful accounts1 | 358,135 | 31,773 | 36,685 | 353,223 | ||||||||||||
Total | 358,135 | 31,773 | 36,685 | 353,223 | ||||||||||||
Year ended March 30, 2002 | ||||||||||||||||
Allowances deducted from assets: | ||||||||||||||||
Accounts receivable: | ||||||||||||||||
For allowance for doubtful accounts1 | 261,776 | 110,430 | 14,071 | 358,135 | ||||||||||||
Total | 261,776 | 110,430 | 14,071 | 358,135 | ||||||||||||
Year ended March 31, 2001 | ||||||||||||||||
Accounts receivable: | ||||||||||||||||
For allowance for doubtful accounts1 | 253,890 | 13,589 | 5,703 | 261,776 | ||||||||||||
Total | 253,890 | 13,589 | 5,703 | 261,776 | ||||||||||||
1 Allowance for accounts receivable collection exposure.
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