Annual Report and Audited Financial Statements 2011

Report on the Financial Statements
We have audited the accompanying financial statements of Petrojam Limited , set out on pages 1 to 40, which comprise the statement of financial position as at 31 March 2011 and the statements of comprehensive income, changes in equity and cash flows for the year then ended, and a summary of
significant accounting policies and other explanatory information.

Management’s Responsibility for the Financial Statements
Management is responsible for the preparation of financial statements that give a true and fair view in accordance with International Financial Reporting Standards and with the requirements of the Jamaican Companies Act, and for such internal control as management determines is necessary to enable the
preparation of financial statements that are free frommaterial misstatement, whether due to fraud or error.

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