Bermudan law does not require private companies to publish their financial statements. They are distributed to shareholders as part of the company’s investor communications.

The company prepares its financial statements to December 31, and in accordance with International Financial Reporting Standards (IFRS). Consolidated Financial statements are audited by the company’s auditors, KPMG.

2007
Accounts to December 31, 2007 were approved by the directors on July 8th 2008. KPMG’s report thereon disclosed an unqualified opinion on the financial statements. The company incurred a loss during the year but reported a significant increase in Total assets and Net assets.

2006
Accounts to December 31, 2006 were approved by the Directors on September 17, 2007. KPMG’s report thereon disclosed an unqualified opinion on the financial statements. The company incurred a loss during its first year but reported positive Net Assets at the year end.

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