PACIFIC HARBOUR CAPITAL LTD.
(A DEVELOPMENT STAGE COMPANY)
CONSOLIDATED FINANCIAL STATEMENTS
MARCH 31, 2010
(Stated in Canadian dollars)
INDEPENDENT AUDITORS’ REPORT
To the shareholders of Pacific Harbour Capital Ltd.
We have audited the consolidated balance sheets of Pacific Harbour Capital Ltd. (a development stage
company) as at March 31, 2010 and 2009 and the consolidated statements of operations, comprehensive loss
and deficit and cash flows for the years then ended. These financial statements are the responsibility of the
company's management. Our responsibility is to express an opinion on these financial statements based on our
We conducted our audits in accordance with Canadian generally accepted auditing standards and with the
standards of the Public Company Accounting Oversight Board (United States). Those standards require that we
plan and perform an audit to obtain reasonable assurance whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the
financial statements. An audit also includes assessing the accounting principles used and significant estimates made
by management, as well as evaluating the overall financial statement presentation.
In our opinion, these consolidated financial statements present fairly, in all material respects, the financial position
of the Company as at March 31, 2010 and 2009 and the results of its operations and its cash flows for the years
then ended in accordance with Canadian generally accepted accounting principles.
The audited consolidated financial statements for the year ended March 31, 2008 were examined by other
auditors who expressed an opinion without reservation on those statements in their report dated July 21, 2008.
DALE MATHESON CARR-HILTON LABONTE LLP
July 14, 2010
COMMENTS BY AUDITORS FOR UNITED STATES READERS ON CANADA-UNITED