HARVEY NORMAN HOLDINGS LIMITED AND ITS CONTROLLED ENTITIES – ANNUAL REPORT 2003 89  R.J. SKIPPEN Director Sydney  26 September 2003  On behalf of the Board.  In accordance with a resolution of the directors of Harvey Norman Holdings Limited, we state that:  (1)  In the opinion of the directors:  (a)  the financial statements and notes of the company and of the consolidated entity are in accordance with the  Corporations Act 2001, including:  (i)  giving a true and fair view of the company’s and consolidated entity’s financial position as at 30 June  2003 and of their performance for the year ended on that date; and  (ii)  complying with Accounting Standards and Corporations Regulations 2001; and  (b)  there are reasonable grounds to believe that the company will be able to pay its debts as and when they  become due and payable.  (2)  In the opinion of the directors, as at the date of this declaration, there are reasonable grounds to believe that the  members of the Closed Group identified in Note 41 will be able to meet any obligations or liabilities to which they  are or may become subject, by virtue of the Deed of Cross Guarantee.  Directors’ Declaration 