Business
1st Quarter Results
1st Quarter Results.
About this update from Inspiration Healthcare Group Plc
[{"type":"text","content":"\n \n India Hospitality Corp. Reports Financial Results as of March 31, 2008 \n \n Consolidated Financial Statements prepared in accordance with International \n Financial Reporting Standards \n \n India Hospitality Corp. and its subsidiaries \n \n March 31, 2008 \n \n LONDON, Sept. 23 -- \n \n Contents \n Page \n \n Independent Auditors' report 1 \n Consolidated Balance Sheet 1 \n Consolidated Statement of Income 3 \n Consolidated Statement of Changes in Shareholders' Equity 4 \n Consolidated Statement of Cash Flows 6 \n Notes to Consolidated Financial Statements 8 \n \n Independent Auditors' report \n \n To \n The Board of Directors of India Hospitality Corp. \n \n We have audited the accompanying consolidated financial statements of \nIndia Hospitality Corp. (the Company) and its subsidiaries (together referred \nto as 'the Group'), which comprise of consolidated balance sheet as at March \n31, 2008, and also the consolidated statement of income, the consolidated \nstatement of changes in shareholders' equity and the consolidated statement of \ncash flows for the Period then ended, and a summary of significant accounting \npolicies and other explanatory notes. \n \n Management's Responsibility for the Financial Statements \n Management is responsible for the preparation and fair presentation of \nthese financial statements in accordance with International Financial \nReporting Standards. This responsibility includes: designing, implementing and \nmaintaining internal control relevant to the preparation and fair presentation \nof financial statements that are free from material misstatement, whether due \nto fraud or error; selecting and applying appropriate accounting policies; and \nmaking accounting estimates that are reasonable in the circumstances. \n \n Auditors' Responsibility \n Our responsibility is to express an opinion on these financial statements \nbased on our audit. We conducted our audit in accordance with International \nStandards on Auditing. Those standards require that we comply with ethical \nrequirements and plan and perform the audit to obtain reasonable assurance \nwhether the financial statements are free from material misstatement. \n An audit involves performing procedures to obtain audit evidence about the \namounts and disclosures in the financial statements. The procedures selected \ndepend on the...