QUEST CAPITAL CORP.
Consolidated Financial Statements
December 31, 2009 and 2008
(Expressed in thousands of Canadian dollars )
Management’s Responsibility for Financial Reporting
The accompanying consolidated financial statements of Quest Capital Corp. (“the Company”) have been
prepared by management in accordance with Canadian generally accepted accounting principles and reconciled
to United States generally accepted accounting principles. These consolidated financial statements contain
estimates based on management’s judgement. Management maintains an appropriate system of internal controls
to provide reasonable assurance that transactions are authorized, assets safeguarded and proper records
maintained and that financial information is accurate and reliable.
The Audit Committee of the Board of Directors, which is composed of independent directors, reviews the results
of the annual audit and the consolidated financial statements prior to submitting the consolidated financial
statements to the Board for approval.
The Company’s auditors, PricewaterhouseCoopers LLP, are appointed by the shareholders to conduct an audit
and their report follows.
“Brian E. Bayley”
President and Chief Executive Officer
Chief Financial Officer
Vancouver, BC, Canada
March 22, 2010
Management’s Report on Internal Control over Financial Reporting
Quest Capital Corp.’s (“the Company’s”) management is responsible for establishing and maintaining adequate
internal control over financial reporting. Internal control over financial reporting is a process designed by, or under
the supervision of, the Chief Executive Officer and the Chief Financial Officer and effected by the Board of
Directors, management and other personnel to provide reasonable assurance regarding the reliability of financial
reporting and the preparation of financial statements for external purposes in accordance with generally accepted
accounting principles. It includes those poli