1 | ||
Financial Statements |
||
2 | ||
3 | ||
4-9 | ||
10 | ||
11 |
Spence, Marston, Bunch, Morris & Co. Certified Public
Accountants | ||
By: |
/s/ SPENCE, MARTSON, BUNCH, MORRIS & CO. | |
Spence, Martson, Bunch, Morris & Co. Certified Public Accountants |
December 31, | ||||||
2001 |
2000 | |||||
ASSETS |
||||||
Investments at fair value: |
||||||
Money market fund |
$ |
4,006,200 |
$ |
3,047,758 | ||
Mutual funds |
|
40,162,760 |
|
37,461,443 | ||
Tech Data Corporation common stock |
|
28,684,327 |
|
21,514,748 | ||
Participant loans |
|
2,136,122 |
|
1,929,758 | ||
|
|
|
| |||
Total investments |
|
74,989,409 |
|
63,953,707 | ||
|
|
|
| |||
Receivables: |
||||||
Employee contributions |
|
170,851 |
|
269,022 | ||
Employer contributions |
|
69,675 |
|
87,426 | ||
|
|
|
| |||
Total receivables |
|
240,526 |
|
356,448 | ||
|
|
|
| |||
Net assets available for benefits |
$ |
75,229,935 |
$ |
64,310,155 | ||
|
|
|
|
For the years ended December
31, |
||||||||
2001 |
2000 |
|||||||
Additions to net assets attributable to: |
||||||||
Investment income |
||||||||
Net depreciation in fair value of mutual funds |
$ |
(8,075,434 |
) |
$ |
(7,528,282 |
) | ||
Net appreciation in fair value of Tech Data Corporation common stock |
|
12,479,152 |
|
|
788,546 |
| ||
Interest and dividends |
|
660,746 |
|
|
2,263,324 |
| ||
|
|
|
|
|
| |||
|
5,064,464 |
|
|
(4,476,412 |
) | |||
Contributions: |
||||||||
Employer |
|
2,115,416 |
|
|
2,741,409 |
| ||
Employees |
|
9,093,420 |
|
|
8,656,990 |
| ||
|
|
|
|
|
| |||
|
11,208,836 |
|
|
11,398,399 |
| |||
Transfer of net assets from Retirement Savings Plan |
|
|
|
|
41,335,414 |
| ||
|
|
|
|
|
| |||
Transfer of net assets from Employee Stock Ownership Plan |
|
|
|
|
22,041,426 |
| ||
|
|
|
|
|
| |||
Total additions |
|
16,273,300 |
|
|
70,298,827 |
| ||
Deductions from net assets attributable to: |
||||||||
Participant fees |
|
15,469 |
|
|
13,950 |
| ||
Distributions to participants |
|
5,338,051 |
|
|
5,974,722 |
| ||
|
|
|
|
|
| |||
Total deductions |
|
5,353,520 |
|
|
5,988,672 |
| ||
Net increase |
|
10,919,780 |
|
|
64,310,155 |
| ||
|
|
|
|
|
| |||
Net assets available for benefits: |
||||||||
Balance, beginning of year |
|
64,310,155 |
|
|
|
| ||
|
|
|
|
|
| |||
Balance, end of year |
$ |
75,229,935 |
|
$ |
64,310,155 |
|
Number of Shares |
Fair Value | ||||
Money market fund: |
|||||
Scudder Cash Investment Trust |
4,006,200 |
$ |
4,006,200 | ||
|
| ||||
Mutual funds: |
|||||
Scudder High Yield Fund |
65,409 |
|
347,976 | ||
Strong Government Securities Fund |
445,893 |
|
4,811,184 | ||
Scudder Balanced Fund |
167,230 |
|
2,923,172 | ||
Scudder Pathway Series: Conservative |
10,438 |
|
116,388 | ||
Scudder Pathway Series: Moderate |
13,593 |
|
144,771 |
Number of Shares |
Fair Value | ||||
Scudder Pathway Series: Growth |
32,833 |
|
401,544 | ||
Scudder Growth and Income Fund |
203,966 |
|
4,295,522 | ||
Scudder Large Company Growth Fund |
453,845 |
|
11,622,971 | ||
Scudder International Fund |
76,408 |
|
2,801,119 | ||
INVESCO Dynamics Fund |
344,462 |
|
5,487,284 | ||
Managers Special Equity Fund |
60,050 |
|
4,239,558 | ||
Vanguard 500 Index Fund |
28,060 |
|
2,971,271 | ||
|
| ||||
Total mutual funds |
|
40,162,760 | |||
|
| ||||
Tech Data Corporation common stock |
661,653 |
|
28,684,327 | ||
|
| ||||
Participant loans |
|
2,136,122 | |||
|
| ||||
Total investments at fair value |
$ |
74,989,409 | |||
|
|
Number of Shares |
Fair Value | ||||
Money market fund: |
|||||
Scudder Cash Investment Trust |
3,047,758 |
$ |
3,047,758 | ||
|
| ||||
Mutual funds: |
|||||
Scudder High Yield Fund |
12,951 |
|
75,118 | ||
Strong Government Securities Fund |
22,432 |
|
237,553 | ||
Scudder Balanced Fund |
126,604 |
|
2,437,132 | ||
Scudder Pathway Series: Conservative |
8,979 |
|
107,115 | ||
Scudder Pathway Series: Moderate |
5,671 |
|
68,274 | ||
Scudder Pathway Series: Growth |
14,676 |
|
213,573 | ||
Scudder Growth and Income Fund |
178,050 |
|
4,299,912 | ||
Scudder Large Company Growth Fund |
434,534 |
|
14,387,394 | ||
Scudder International Fund |
71,058 |
|
3,574,912 | ||
INVESCO Dynamics Fund |
271,120 |
|
6,444,504 | ||
Managers Special Equity Fund |
49,452 |
|
3,797,877 | ||
Vanguard 500 Index Fund |
14,919 |
|
1,818,079 | ||
|
| ||||
Total mutual funds |
|
37,461,443 | |||
|
| ||||
Tech Data Corporation common stock |
795,334 |
|
21,514,748 | ||
|
| ||||
Participant loans |
|
1,929,758 | |||
|
| ||||
Total investments at fair value |
$ |
63,953,707 | |||
|
|
December 31, |
||||||||
2001 |
2000 |
|||||||
Scudder High Yield Fund |
$ |
(41,280 |
) |
$ |
(11,542 |
) | ||
Strong Government Securities Fund |
|
(65,834 |
) |
|
8,677 |
| ||
Scudder Balanced Fund |
|
(245,042 |
) |
|
(225,508 |
) | ||
Scudder Pathway Series: Conservative |
|
(8,849 |
) |
|
(4,015 |
) | ||
Scudder Pathway Series: Moderate |
|
(9,729 |
) |
|
(9,325 |
) | ||
Scudder Pathway Series: Growth |
|
(49,246 |
) |
|
(28,793 |
) | ||
Scudder Growth and Income Fund |
|
(572,976 |
) |
|
(439,206 |
) | ||
Scudder Large Company Growth Fund |
|
(3,295,054 |
) |
|
(3,877,246 |
) | ||
Scudder International Fund |
|
(990,066 |
) |
|
(1,218,128 |
) | ||
INVESCO Dynamics Fund |
|
(2,220,499 |
) |
|
(843,474 |
) | ||
Managers Special Equity Fund |
|
(301,392 |
) |
|
(701,309 |
) | ||
Vanguard 500 Index Fund |
|
(275,467 |
) |
|
(178,413 |
) | ||
Tech Data Corporation common stock |
|
12,479,152 |
|
|
788,546 |
| ||
|
|
|
|
|
| |||
Net appreciation (depreciation) fair value of investment |
$ |
4,403,718 |
|
$ |
(6,739,736 |
) | ||
|
|
|
|
|
|
December 31, | |||||||
2001 |
2000 | ||||||
Net assets: |
|||||||
Tech Data Corporation common stock |
$ |
199,344 |
|
$ |
396,505 | ||
Scudder Cash Investment Trust |
|
5,723 |
|
|
1,250 | ||
|
|
|
|
| |||
$ |
205,067 |
|
$ |
397,755 | |||
|
|
|
|
| |||
Changes in net assets: |
|||||||
Forfeited balances from participant directed funds |
$ |
400,163 |
|
$ |
166,067 | ||
Forfeitures used for Company match |
|
(794,820 |
) |
|
| ||
Earnings and appreciation |
|
201,969 |
|
|
231,688 | ||
|
|
|
|
| |||
Net increase (decrease) in nonparticipant-directed investments |
$ |
(192,688 |
) |
$ |
397,755 | ||
|
|
|
|
|
Retirement Savings Plan |
|||
Investments, at fair value |
$ |
41,335,414 | |
|
| ||
Employee Stock Ownership Plan |
|||
Investment in Tech Data common stock, at fair value |
$ |
20,760,383 | |
Employer contribution receivable |
|
1,281,043 | |
|
| ||
$ |
22,041,426 | ||
|
|
(a) |
(b) Indentity of issuer, borrower, lessor or similar party |
(c) Description of investment including maturity date, rate of interest, collateral, par or maturity value
|
(d) Cost |
(e) Current value | ||||
* |
Scudder Investments |
4,000,477 shares, Scudder Cash Investment Trust |
** |
$4,000,477 | ||||
* |
Scudder Investments |
65,409 shares, Scudder High Yield Fund |
** |
347,976 | ||||
Strong Funds |
445,893 shares, Strong Government Securities Fund |
** |
4,811,184 | |||||
* |
Scudder Investments |
167,230 shares, Scudder Balanced Fund |
** |
2,923,172 | ||||
* |
Scudder Investments |
10,438 shares, Scudder Pathway Series: Conservative |
** |
116,388 | ||||
* |
Scudder Investments |
13,593 shares, Scudder Pathway Series: Moderate |
** |
144,771 | ||||
* |
Scudder Investments |
32,833 shares, Scudder Pathway Series: Growth |
** |
401,544 | ||||
* |
Scudder Investments |
203,966 shares, Scudder Growth and Income Fund |
** |
4,295,522 | ||||
* |
Scudder Investments |
453,845 shares, Scudder Large Company Growth Fund |
** |
11,622,971 | ||||
* |
Scudder Investments |
76,408 shares, Scudder International Fund |
** |
2,801,119 | ||||
INVESCO |
344,462 shares, INVESCO Dynamics Fund |
** |
5,487,284 | |||||
Managers Funds |
60,050 shares, Managers Special Equity Fund |
** |
4,239,558 | |||||
The Vanguard Group |
28,060 shares, Vanguard 500 Index Fund |
** |
2,971,271 | |||||
* |
Tech Data Corporation |
657,047 shares, Tech Data Corporation common stock |
** |
28,484,983 | ||||
Participant loans |
5.75%10% principal and interest payable monthly; secured by participants vested accrued benefits. |
** |
2,136,122 | |||||
NONPARTICIPANT-DIRECTED INVESTMENTS |
||||||||
* |
Scudder Investments |
5,723 shares, Scudder Cash Investment Trust |
5,723 |
5,723 | ||||
* |
Tech Data Corporation |
4,606 shares, Tech Data Corporation common stock |
136,568 |
199,344 | ||||
| ||||||||
$74,989,409 | ||||||||
* |
Denotes exempt party-in-interest. |
** |
Information not required. |
By: |
/s/ ARTHUR W. SINGLETON | |
NAME: |
ARTHUR W. SINGLETON, TRUSTEE |
EXHIBIT NUMBER |
DESCRIPTION | |
23.1 |
Consent of Independent Accountants |