Annual Report and Audited Financial Statements 2009

Report on the Financial Statements
We have audited the accompanying financial statements of Petrojam Limited, set out on pages 1 to 39, which comprise the balance sheet as of 31 March 2009 and the profit and loss account, statement of changes in equity and statement of cash flows for the year then ended and a summary of significant
accounting policies and other explanatory notes.

Management's Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation ofthese financial statements in accordance with International Financial Reporting Standards and with the requirements of the Jamaican Companies Act. This responsibility includes: designing, implementing and maintaining internal control
relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error; selecting and applying appropriate accounting policies; and making accounting estimates that are reasonable in the circumstances.

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