Dynamic Systems Holdings Inc. REPORT OF THE DIRECTORS For the Year Ended January 31, 2013

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Updated

Dynamic Systems Holdings Inc.
REPORT OF THE DIRECTORS
For the Year Ended January 31, 2013

ORANGEVILLE, Ontario--(BUSINESS WIRE)-- The directors present their report and the financial statements of the company for the year ended January 31, 2013


PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was raising capital for investing in the green energy sector research and development

REVIEW OF BUSINESS

The results for the year and financial position of the company are as shown in the annexed financial statements

DIVIDENDS

No dividends will be distributed for the year ended January 31, 2013

DIRECTORS

Allen Scott

Angelo Carlucci

President

Secretary Treasurer


STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The directors are responsible for preparing the financial statements in accordance with the applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year

Under that law the directors have elected to prepare financial statements in accordance with Canadian generally accepted accounting standards. The financial statements are required by law to give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period. In preparing end of year financial reports the directors are required to;

  • Select suitable accounting policies and then apply them consistently

  • Make judgements and estimates that are reasonable and prudent

  • State whether applicable accounting standards have been followed

  • Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the company will continue in business

The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Canadian accounting standards. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.



Dynamic Systems Holdings Inc.
Allan Scott, 519-940-4578
ascott@dynamicshi.com

KEYWORDS: United Kingdom Europe North America Canada

INDUSTRY KEYWORDS:

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