SCHEDULE II
| GUCCI GROUP N.V. VALUATION & QUALIFYING ACCOUNTS (In thousands of Euro) |
Balance Beginning of year |
Charged To costs and Expenses |
Charged to other accounts |
Acquisitions |
Deductions |
Balance end of year |
||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2000 * | ||||||||||||
| Allowance for trade accounts receivables | 26,367 | 4,559 | 860 | 930 | (10,804 | ) | 21,912 | |||||
| Allowance for excess, obsolete and marked-down inventory | 61,401 | 64,886 | 192 | 923 | (57,489 | ) | 69,913 | |||||
| Valuation allowance for deferred tax assets | 50,760 | 3,891 | 3,064 | — | (31,278 | ) | 26,437 | |||||
2001 * |
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| Allowance for trade accounts receivables | 21,912 | 10,227 | 1,023 | 63 | (6,439 | ) | 26,786 | |||||
| Allowance for excess, obsolete and marked-down inventory | 69,913 | 75,393 | 3,129 | 16,214 | (49,335 | ) | 115,314 | |||||
| Valuation allowance for deferred tax assets | 26,437 | 4,350 | 2,147 | 6,843 | (6,775 | ) | 33,002 | |||||
2002 |
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| Allowance for trade accounts receivables | 26,786 | 8,133 | (1,214 | ) | — | (5,418 | ) | 28,287 | ||||
| Allowance for excess, obsolete and marked-down inventory | 115,314 | 79,160 | (4,180 | ) | — | (65,673 | ) | 124,621 | ||||
| Valuation allowance for deferred tax assets | 33,002 | 16,414 | (2,803 | ) | — | — | 46,613 |
| * Note: | 2000 and 2001 accounts translated from Euro into US Dollar at the following rates: | |
2000: |
Balance beginning of year: translated at spot rate on January 31, 2000: EUR 1—US$ 0.9791 Balance end of year: translated at spot rate on January 31, 2001: EUR 1—US$ 0.9293 Year average rate: EUR 1—US$ 0.9176 |
|
2001: |
Balance beginning of year: translated at spot rate on January 31, 2001: EUR 1—US$ 0.9293 Balance end of year: translated at spot rate on January 31, 2002: EUR 1—US$ 0.8637 Income Statement Year average rate: EUR 1—US$ 0.8908 |
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