Annual Report and Audited Financial Statements 2010

Independent Auditors' Report
To the Members of
Petrojam Limited

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 statement of financial position as of 31 March 2010 and the statement of comprehensive income, 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 of these financial statements in accordance with International Financial Reporting Standards and v-.ith 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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