Annual Report 10-11 - Elder Pharmaceuticals Ltd.

COMPANY OVERVIEWNiche is the result of innovative spiritand enterpriseChairman’s Message2010-11, the big talking points02040608FINANCIAL STATEMENTSStandaloneAuditors’ ReportBalance SheetCash Flow StatementsSchedules5154555658Balance Sheet Abstract76STRATEGIC REVIEWConsolidatedAuditors’ Report77Niche is Nice10Balance Sheet78Social responsibility2079Crucial initiatives22Cash Flow Statements80Schedules82Balance Sheet Abstract96BOARD AND MANAGEMENT REPORTSManagement Discussion and Analysis 24Directors’ Report31Report on Corporate Governance39SubsidiariesElder International FZCO, Dubai, U.A.E.Notice97101104Forward looking statementIn this Annual Report, we have disclosed forward-looking information to enable investors to comprehend our prospects and takeinvestment decisions. This report and other statements - written and oral – that we periodically make contain forward-lookingstatements that set out anticipated results based on the management’s plans and assumptions. We have tried wherever possible toidentify such statements by using words such as ‘anticipate’, ‘estimate’, ‘expects’, ‘projects’, ‘intends’, ‘plans’, ‘believes’, and wordsof similar substance in connection with any discussion of future performance.We cannot guarantee that these forward-looking statements will be realised, although we believe we have been prudent inassumptions. The achievements of results are subject to risks, uncertainties, and even inaccurate assumptions. Should known orunknown risks or uncertainties materialise, or should underlying assumptions prove inaccurate, actual results could vary materiallyfrom those anticipated, estimated, or projected. Readers should keep this in mind. We undertake no obligation to publicly update anyforward-looking statements, whether as a result of new information, future events or otherwise.