text: **To the Board of Directors and Shareholders, HON INDUSTRIES Inc.:**
  
  In our opinion, the accompanying consolidated balance sheets and the related consolidated statements of income, shareholders’ equity, and cash 
  
  flows present fairly, in all material respects, the financial position of HON INDUSTRIES Inc. and its subsidiaries at January 3, 2004, and 
  
  December 28, 2002, and the results of their operations and their cash flows for the fiscal years ended January 3, 2004, and December 28, 2002, 
  
  in conformity with accounting principles generally accepted in the United States of America. These financial statements are the responsibility of 
  
  the Company’s management; our responsibility is to express an opinion on these financial statements based on our audits. We conducted our 
  
  audits of these statements in accordance with auditing standards generally accepted in the United States of America, which require that we plan 
  
  and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes 
  
  examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used 
  
  and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits provide a 