1003-1143347 09 Audit Report-Limited BSG Comments FINALx

C ONSOLIDATED FINANCIAL STATEMENTS Billing Services Group Limited Years Ended December 31, 2009 and 2008 With Report of Independent Auditors Billing Services Group Limited Consolidated Financial Statements Years Ended December 31, 2009 and 2008 Contents Report of Independent Auditors.......................................................................................................1 Consolidated Financial Statements Consolidated Balance Sheets ..........................................................................................................2 Consolidated Statements of Operations ..........................................................................................4 ents of Changes in Shareholders’ Equity .......................................................6 ents of Cash Flows .7 Notes to Consolidated Financial Statements ....................................................................................9 1003-1143347 Ernst & Young LLP Frost Bank Tower Suite 1800 100 West Houston Street San Antonio, Texas 78205-1403 Tel: +1 210 228 9696 Fax: +1 210 242 7252 www.ey.com Report of Independent Auditors The Board of Directors Billing Services Group Limited We have audited the accompanying consolidated balance sheets of Billing Services Group Limited (the “Company”) as of December 31, 2009 and 2008, and the related consolidated statements of operations, changes in shareholders’ equity, and cash flows for the years ...