Exhibit 99.1
Independent Auditors on Report of Financial Statement Schedule
To the Shareholders of Corel Corporation:
Our integrated audit of Corel Corporation’s 2008 consolidated financial statements and of its internal control over financial reporting as of November 30, 2008 and our audit of its 2007 and 2006 consolidated financial statements referred to in our report dated February 6, 2009 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 6, 2009
Chartered Accountants, Licensed Public Accountants
Ottawa, Ontario
February 6, 2009
Schedule II Corel Corporation
— Valuation and Qualifying Accounts
(in thousands of USD)
— Valuation and Qualifying Accounts
(in thousands of USD)
Balance | ||||||||||||||||
at | Additions | Deductions, | Balance | |||||||||||||
Beginning | Charged | Returns, | at | |||||||||||||
of | to Expenses | and | End of | |||||||||||||
Period | or Revenue | Write-offs | Period | |||||||||||||
Allowance for Doubtful Accounts | ||||||||||||||||
Year ended November 30, 2008 | 1,366 | 1,092 | 1,101 | 1,357 | ||||||||||||
Year ended November 30, 2007 | 1,003 | 401 | 38 | 1,366 | ||||||||||||
Year ended November 20, 2006 | 1,117 | 198 | 312 | 1,003 | ||||||||||||
Promotional rebates | ||||||||||||||||
Year ended November 30, 2008 | 715 | 5,564 | 5,321 | 958 | ||||||||||||
Year ended November 30, 2007 | 2,803 | 10,664 | 12,752 | 715 | ||||||||||||
Year ended November 30, 2006 | 1,048 | 11,125 | 9,370 | 2,803 | ||||||||||||
Allowance for Sales Returns | ||||||||||||||||
Year ended November 30, 2008 | 6,403 | 10,997 | 12,650 | 4,750 | ||||||||||||
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 |