EX-10.1 Audited Consolidated Financial Statements of World Heart Corporation
INDEX TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED
F-4 Management's Statement of Responsibility.
F-4 Auditors' Report to the Shareholders of World Heart Corporation.
F-5 Consolidated Balance Sheets as at December 31, 2001 and 2000.
F-6 Consolidated Statements of Loss for the Year ended December 31, 2001,
F-7 Consolidated Statements of Shareholders' Equity for the Year ended
December 31, 2001, 2000, and 1999.
F-8 Consolidated Statements of Cash Flow for the Years ended December 31,
2001, 2000 and 1999.
F-9 Notes to the Audited Consolidated Financial Statements
WORLD HEART CORPORATION
December 31, 2001
Management's Statement of Responsibility
Management is responsible for the preparation of the consolidated financial statements and all other information in
the annual report. The financial statements have been prepared in accordance with Canadian generally accepted
accounting principles ("GAAP") and reflect management's best estimates and judgments. The financial information
presented elsewhere in the annual report is consistent with the consolidated financial statements.
Management has developed and maintains a system of internal controls to provide reasonable assurance that all
assets are safeguarded and to facilitate the preparation of relevant, reliable and timely financial information.
Consistent with the concept of reasonable assurance, the Corporation recognizes that the relative cost of
maintaining these controls should not exceed their expected benefits.
The Audit Committee, which is comprised of independent directors, reviews the financial statements, considers
the report of the external auditors, assesses the adequacy of the Corporation's internal controls, and recommends
to the Board of Directors the independ