EX-13.01 4 dex1301.htm EXHIBIT 13.01 EXHIBIT 13.01

Exhibit 13.01

 

WE ARE INCLUDING IN THIS REPORT, PURSUANT TO RULE 2-02(E) OF REGULATION S-X, A COPY OF THE LATEST SIGNED AND DATED REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS FROM OUR PRIOR INDEPENDENT PUBLIC ACCOUNTANTS, ARTHUR ANDERSEN LLP. THIS REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS WAS PREVIOUSLY ISSUED BY ARTHUR ANDERSEN, FOR FILING WITH OUR ANNUAL REPORT ON FORM 10-K FILED BY CHOICE HOTELS INTERNATIONAL, INC. WITH THE SECURITIES AND EXCHANGE COMMISSION ON MARCH 25, 2002, AND HAS NOT BEEN REISSUED BY ARTHUR ANDERSEN LLP.

 

REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS

 

To Choice Hotels International, Inc. and subsidiaries:

 

We have audited in accordance with auditing standards generally accepted in the United States, the consolidated financial statements included in Choice Hotels International, Inc.’s and subsidiaries (the “Company”) annual report to shareholders incorporated by reference in this Form 10-K, and have issued our opinion thereon dated March 20, 2002. Our audit was made for the purpose of forming an opinion on those consolidated financial statements taken as a whole. The schedule listed in the index under Item 14(a) is the responsibility of the Company’s management and is presented for purposes of complying with the Securities and Exchange Commission’s rules and is not part of the basic consolidated financial statements. This schedule has been subjected to the auditing procedures applied in the audit of the basic consolidated financial statements and, in our opinion, fairly states in all material respects the financial data required to be set forth therein in relation to the basic consolidated financial statements taken as a whole.

 

/s/ Arthur Andersen LLP

 

Vienna, Virginia

March 20, 2002

 

Exhibit 13.01

 

CHOICE HOTELS INTERNATIONAL, INC. AND SUBSIDIARIES

SCHEDULE II — VALUATION AND QUALIFYING ACCOUNTS

(In thousands of dollars)

 

Description

   

Balance at

Beginning of

Period

   

Additions/
Charges to

Profit

and Loss

     Deductions/
Write-Offs
    

Balance at

End

of Period

Accounts and Notes Receivable:

                              

Year ended December 31, 2003 Allowance for doubtful accounts

    $ 7,818    $ (66 )   $ (142 )   $ 7,610
    
  
 
 

Year ended December 31, 2002 Allowance for doubtful accounts

    $ 5,621    $ 3,699     $ (1,502 )   $ 7,818
    
  
 
 

Year ended December 31, 2001 Allowance for doubtful accounts

    $ 5,754    $ 1,617     $ (1,750 )   $ 5,621