Financial Statements, Statement of Directors - Hemas Holdings, Ltd

Statement of Directors’ Responsibilities in respect of theAnnual Report and the Financial S tatementsThe directors are responsible for preparing the Annual Reportand the Group and Company financial statements in accordancewith applicable laws and regulations.Company law requires the directors to prepare Group andCompany financial statements for each financial year. Thedirectors must not approve the financial statements unless theyare satisfied that they give a true and fair view of the state ofaffairs of the Group and Company and of their profit or loss forthat period. In preparing each of the Group and Companyfinancial statements, the directors are required to:• select suitable accounting policies and then apply themconsistently;• make judgments and estimates that are reasonable andprudent;• prepare the financial statements on a going concern basisunless it is inappropriate to presume that the Group and theCompany will continue in business.The directors are responsible for keeping adequate accountingrecords that are sufficient to show and explain the parentCompany's transactions and disclose with reasonable accuracy atany time, the financial position of the Company and enable themto ensure that its financial statements comply with theCompanies Act No. 7 of 2007. They have general responsibility fortaking such steps as are reasonably open to them to safeguardthe assets of the Group and to prevent and detect fraud andother irregularities.Directors’ Responsibility StatementThe directors confirm to the best of their knowledge, that:-1. the financial statements prepared in accordance with theapplicable laws, give a true and fair view of the financialposition and profit of the Company and the undertakingsincluded in the consolidation as a whole.2. the management reports, which are incorporated into theReport of the Directors, include a fair review of thedevelopment and performance of the business and theposition of the Company and the undertakings included inthe consolidation as a whole, together with the principal risksand uncertainties they face.By Order of the Board ofHemas Holdings PLCHemas Corporate Services (Pvt) LtdSecretaries26th May 2011Under applicable laws and regulations, the directors are alsoresponsible for preparing a Report of the Directors, Directors'Remuneration report and Corporate Governance statement thatcomplies with those laws and regulations.The directors are responsible for the maintenance and integrityof the corporate and financial information included on theCompany's website.58 Hemas Holdings PLC Annual Report 2010/11