Basis of preparation
a) Statement of compliance
These financial statements have been prepared in accordance with International
Financial Reporting Standards (“IFRS”) promulgated by the International Accounting
Standards Board (“IASB”), interpretations issued by the International Financial
Reporting Interpretations Committee (“IFRIC”) of the IASB, that are effective for
annual periods ending 31 March 2011, the requirements of the Kuwaiti Commercial
Companies Law of 1960 as amended, and the Company’s Articles of Association.