Exhibit 99.1
Independent Auditors on Report of Financial Statement Schedule
To the Shareholders of Corel Corporation:
Our integrated audit of Corel Corporation’s 2007 consolidated financial statements and of its internal control over financial reporting as of November 30, 2007 and an audit of its 2006 and 2005 consolidated financial statements referred to in our report dated February 8, 2008 appearing in this Annual Report on Form 10-K also included an audit of the financial statement schedule listed in Item 15(a)(2) of this Form 10-K. In our opinion, this financial statement schedule presents fairly, in all material respects, the information set forth therein when read in conjunction with the related consolidated financial statements.
/s/ PricewaterhouseCoopers LLP
Chartered Accountants, Licensed Public Accountants
Ottawa, Ontario
February 8, 2008
Chartered Accountants, Licensed Public Accountants
Ottawa, Ontario
February 8, 2008
Corel Corporation
Schedule II — Valuation and Qualifying Accounts
(in thousands of USD)
Schedule II — Valuation and Qualifying Accounts
(in thousands of USD)
Balance at | Additions Charged | Deductions, | Balance at | |||||||||||||
Beginning of | to Expenses | Returns, and | End of | |||||||||||||
Period | or Revenue | Writeoffs | Period | |||||||||||||
Allowance for Doubtful Accounts | ||||||||||||||||
Year ended November 30, 2007 | 1,003 | 401 | 38 | 1,366 | ||||||||||||
Year ended November 20, 2006 | 1,117 | 198 | 312 | 1,003 | ||||||||||||
Year ended November 30, 2005 | 1,033 | 528 | 444 | 1,117 | ||||||||||||
Promotional rebates | ||||||||||||||||
Year ended November 30, 2007 | 2,803 | 10,664 | 12,752 | 715 | ||||||||||||
Year ended November 30, 2006 | 1,048 | 11,124 | 9,370 | 2,803 | ||||||||||||
Year ended November 30, 2005 | 1,614 | 5,282 | 5,848 | 1,048 | ||||||||||||
Allowance for Sales Returns | ||||||||||||||||
Year ended November 30, 2007 | 8,024 | 10,071 | 11,692 | 6,403 | ||||||||||||
Year ended November 30, 2006 | 6,900 | 11,919 | 10,795 | 8,024 | ||||||||||||
Year ended November 30, 2005 | 10,492 | 8,316 | 11,908 | 6,900 |