NOTES TO THE UK GAAP PARENT COMPANY FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2008

Save this PDF as:

Size: px
Start display at page:

Download "NOTES TO THE UK GAAP PARENT COMPANY FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2008"

Transcription

1 1. SIGNIFICANT ACCOUNTING POLICIES BASIS OF PREPARATION The Company s fi nancial statements are prepared on the historical cost basis, except for derivative fi nancial instruments which are stated at their fair value, and in accordance with applicable UK accounting standards. The fi nancial statements have been prepared on a going concern basis, for the reasons outlined in the Finance Review on page 24. The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the Company s fi nancial statements. PROFIT AND LOSS ACCOUNT Under Section 230 (4) of the Companies Act 1985, the Company is exempt from the requirement to present its own profi t and loss account. RELATED PARTY TRANSACTIONS As the parent company of the British Polythene Industries PLC Group (the fi nancial statements for which can be found on pages 45 to 70, the Company has taken advantage of the exemption contained in FRS 8 and has therefore not disclosed transactions or balances with entities which form part of the Group. FOREIGN CURRENCIES Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing on the dates of the transactions. At each balance sheet date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the balance sheet date. Non-monetary assets and liabilities carried at historical cost that are denominated in foreign currencies are translated at the rates prevailing at the date when the historical cost was determined. Gains and losses arising on retranslation are included in the profi t and loss account for the year. TAXATION The Company s tax charge is based on the result for the year and tax rates in force during the year. Estimation of the tax charge requires an assessment to be made of the potential tax treatment of certain items which will only be resolved once fi nally agreed with the relevant tax authorities. DEFERRED TAXATION Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes which have arisen but not reversed by the balance sheet date, except as otherwise required by FRS 19. A net deferred tax asset is regarded as recoverable and therefore recognised only when, on the basis of all available evidence, it can be regarded as more likely than not that there will be suffi cient taxable profi ts from which the future reversal of the underlying timing differences can be deducted. INVESTMENTS Investments are stated at cost less provisions for any impairment. DERIVATIVE FINANCIAL INSTRUMENTS Certain derivative fi nancial instruments are designated as hedges in line with the Company s treasury policy. Hedges are classifi ed as follows: Fair value hedges that hedge the exposure to changes in the fair value of a recognised asset or liability. Cash fl ow hedges that hedge exposure to variability in cash fl ows that is either attributable to a particular risk associated with a recognised asset or liability or a forecast transaction. For fair value hedges, any gain or loss from remeasuring the hedging instrument at fair value is recognised in the profi t and loss account. Any gain or loss on the hedged item attributable to the hedged risk is adjusted against the carrying amount of the hedged item and similarly recognised in the profi t and loss account. For cash fl ow hedges, the portion of the gain or loss on the hedging instrument that is determined to be an effective hedge, as defi ned by FRS 26, is recognised in equity, with any ineffective portion recognised in the profi t and loss account. When hedged cash fl ows result in the recognition of a non fi nancial asset or liability, the associated gains or losses previously recognised in equity are included in the initial measurement of the asset or liability. For all other cash fl ow hedges, the gains or losses that are recognised in equity are transferred to the profi t and loss account in the same period in which the hedged cash fl ows affect the profi t and loss account. Any gains or losses arising from changes in fair value of derivative fi nancial instruments not designated as hedges are recognised in the profi t and loss account. When a hedging instrument is sold, terminated or exercised, or the entity revokes designation of the hedge relationship but the hedged forecast transaction is still expected to occur, the cumulative gain or loss at that point remains in equity and is recognised in accordance with the above policy when the transaction occurs. If the hedged transaction is no longer expected to take place, the cumulative unrealised gain or loss recognised in equity is recognised immediately in the profi t and loss account. FINANCIAL GUARANTEE CONTRACTS Where the Company enters into fi nancial guarantee contracts to guarantee the indebtedness of other companies within the Group, the Company considers these to be insurance arrangements, and accounts for them as such. In this respect, the Company treats the guarantee contract as a contingent liability until such time as it becomes probable that the Company will be required to make a payment under the guarantee. SHARE-BASED PAYMENTS The fair value of employee share options granted is calculated at grant date and the resulting cost is charged to the profi t and loss account over the vesting period of the options with a corresponding increase in equity. The value of the charge is adjusted to refl ect expected and actual levels of options vesting. Failures to vest as a result of market conditions are not reversed. TREASURY SHARES When share capital recognised as equity is repurchased, the amount of the consideration paid, including directly attributable costs, is recognised as a change in equity. Repurchased shares are classifi ed as treasury shares and presented as a deduction from profi t and loss reserves. 72 FINANCIAL STATEMENTS

2 PROVISIONS AND CONTINGENT LIABILITIES In accordance with FRS 12 Provisions, Contingent Liabilities and Contingent Assets, provisions are recognised where there is a present obligation as a result of a past event, it is probable that a transfer of economic benefi ts will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation. If these conditions are not met, no provision is recognised. However, contingent liabilities are disclosed in the Notes to the Financial Statements, unless the possibility of a transfer of economic benefi ts is remote. Contingent gains are not recognised unless realisation of the profi t is virtually certain. DIVIDENDS PAYABLE Dividends payable to the Company s shareholders are recorded as a liability in the period in which the dividends are approved. RETIREMENT BENEFIT OBLIGATIONS The Company participates in a group-wide scheme, the British Polythene Pension Scheme, which has a defi ned benefi t section (providing benefi ts based on fi nal pensionable pay) and a defi ned contribution section. The assets of the scheme are held separately from those of the Company. The pension costs for the defi ned contribution section are charged to the profi t and loss account on the basis of contributions due in respect of the fi nancial year. In relation to the defi ned benefi t section of the scheme, the Company is unable to identify its share of the underlying assets and liabilities on a consistent and reliable basis and therefore, as required by FRS 17, the Company accounts for this scheme as a defi ned contribution scheme. As a result, the amount charged to the profi t and loss account in respect of the defi ned benefi t section represents the contributions payable to the scheme in respect of the year. 2. STAFF COSTS AVERAGE NUMBER OF EMPLOYEES Administration EMPLOYEE COSTS Wages and salaries Social security costs Other pension costs Wages and salary costs are inclusive of any redundancy costs. Disclosures regarding Directors remuneration, share-based payments and pension entitlements are included on pages 37 to FIXED ASSET INVESTMENTS SUBSIDIARY UNDERTAKINGS EQUITY NON-EQUITY INVESTMENTS TOTAL SHARES AT COST LESS PROVISIONS At 31 December Additions in the year AT 31 DECEMBER SUBSIDIARY UNDERTAKINGS Except as indicated below, the Company owns the whole issued share capital of all subsidiary undertakings. The principal subsidiary undertakings are as follows: COMPANY COUNTRY OF INCORPORATION TRADE British Polythene Limited England Polythene Manufacturer AT Films Inc* Canada Polythene Manufacturer BPI plc England Property Company BPI Europe BV* Netherlands Holding Company Combipac BV* Netherlands Polythene Manufacturer Formipac France SA* France Distribution Company Irish Polythene Industries Limited Republic of Ireland Distribution Company Venture Hong Kong Limited (75% owned)* Hong Kong Holding Company Xinhui Alida Polythene Limited + China Polythene Manufacturer * Shares held through an intermediate holding company + 20% owned through a subsidiary undertaking FINANCIAL STATEMENTS 73

3 4. DEBTORS Trade debtors Amounts due by subsidiary undertakings Prepayments and accrued income 0.4 Other debtors Group relief receivable BANK AND OTHER BORROWINGS: AMOUNTS FALLING DUE WITHIN ONE YEAR Bank overdrafts Other loan OTHER CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors 0.1 Other taxes and social security Accruals and deferred income Other creditors Amounts due to subsidiary undertakings BANK AND OTHER BORROWINGS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Bank loans Other loan CALLED UP SHARE CAPITAL AUTHORISED Equity 80,227,336 (2007: 80,227,336) ordinary shares of 25p each ALLOTTED CALLED UP AND FULLY PAID Equity 26,498,160 (2007: 26,498,160) ordinary shares of 25p each FINANCIAL STATEMENTS

4 9. SHARE PREMIUM ACCOUNT M AT 31 DECEMBER 2008 AND 31 DECEMBER OTHER RESERVES M MERGER RESERVE At 31 December 2008 and 31 December CAPITAL REDEMPTION RESERVE At 31 December 2008 and 31 December CAPITAL RESERVE At 31 December 2008 and 31 December TOTAL OTHER RESERVES AT 31 DECEMBER 2008 AND 31 DECEMBER PROFIT AND LOSS ACCOUNT At 1 January Profi t for the fi nancial year Dividends paid (5.8) (5.8) Decrease in own shares held FRS 20 charge in relation to equity settled transactions AT 31 DECEMBER The profi t after taxation for the year amounted to 1.9 million (2007: 0.7 million). 12. RECONCILIATION OF MOVEMENT IN SHAREHOLDERS FUNDS OPENING SHAREHOLDERS FUNDS Profi t for the fi nancial year Dividends paid (5.8) (5.8) New shares subscribed (net of expenses) Decrease in own shares held FRS 20 charge in relation to equity settled transactions NET MOVEMENT IN SHAREHOLDERS FUNDS (3.5) (5.2) CLOSING SHAREHOLDERS FUNDS FINANCIAL STATEMENTS 75

5 13. OWN SHARES HELD COST OF OWN SHARES HELD At 1 January Shares purchased 0.3 AT 31 DECEMBER The cost of own shares held represents shares held by the British Polythene Industries Employee Share Ownership Trust to satisfy the Company s liabilities under the restricted share plan and the long-term incentive plan. The market value of the shares is 0.5 million (2007: 0.7 million). DATE OF AVERAGE DATE OF AVERAGE PURCHASE / PURCHASE NUMBER PURCHASE/ PURCHASE NUMBER ALLOCATION PRICE OF SHARES ALLOCATION PRICE OF SHARES MOVEMENTS IN THE NUMBERS OF SHARES HELD At 1 January 260, ,456 No of shares allocated to employees 3/3/06 (4,000) Various (89,625) Shares purchased Various ,000 AT 31 DECEMBER 256, , DIVIDENDS AMOUNTS RECOGNISED AS DISTRIBUTIONS TO EQUITY HOLDERS IN THE YEAR: Final dividend for the year ended 31 December 2007 of 15.0p per share (2006: 15.0p) Interim dividend for the year ended 31 December 2008 of 7.0p per share (2007: 7.0p) Proposed fi nal dividend for the year ended 31 December 2008 of 7.5p per share (2007: 15.0p) The proposed fi nal dividend is to be approved by shareholders at the Annual General Meeting on 14 May 2009 and has not been included as a liability as at 31 December CONTINGENT LIABILITIES The Company has guaranteed the bank overdrafts of certain subsidiaries amounting at 31 December 2008 to 10.9 million (2007: 14.1 million) including interest from time to time thereon. The Company also has an obligation under the Group VAT registration amounting at 31 December 2008 to 2.7 million (2007: 4.3 million). 16. SHARE-BASED PAYMENTS The Company considers the IFRS 2 Group disclosures found at Note 30 to the consolidated fi nancial statements to satisfy all FRS 20 disclosure requirements. 17. PENSIONS DEFINED CONTRIBUTION SCHEMES The assets of the defi ned contribution section of the British Polythene Pension Scheme and other defi ned contribution schemes are held separately from those of the Group, being invested with a number of insurance companies. The pension charge includes contributions payable to the various insurance companies. DEFINED BENEFIT SCHEME The Company is a member of a larger group wide pension scheme providing benefi ts based on pensionable pay. As the Company is unable to identify its share of the scheme assets and liabilities on a reliable and consistent basis, as permitted by FRS 17 Retirement benefi ts, the scheme is accounted for as if it were a defi ned contribution scheme. The Company made contributions of 0.2 million (2007: 0.2 million) in the year. There were no outstanding or prepaid Company contributions at either the beginning or the end of the fi nancial year. The assets of the defi ned benefi t section are invested in a self-administered trust fund and hence are also separated from the Group s business assets. FRS 17 DISCLOSURES The Company considers the IAS 19 Group disclosures found at Note 31 to the consolidated fi nancial statements to satisfy all FRS 17 disclosure requirements. 76 FINANCIAL STATEMENTS

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2008

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2008 1. BASIS OF PREPARATION AND SIGNIFICANT ACCOUNTING POLICIES British Polythene Industries PLC (the Company ) is a company domiciled and incorporated in the United Kingdom. The consolidated annual fi nancial

More information

Transition to International Financial Reporting Standards

Transition to International Financial Reporting Standards Transition to International Financial Reporting Standards Topps Tiles Plc In accordance with IFRS 1, First-time adoption of International Financial Reporting Standards ( IFRS ), Topps Tiles Plc, ( Topps

More information

Acal plc. Accounting policies March 2006

Acal plc. Accounting policies March 2006 Acal plc Accounting policies March 2006 Basis of preparation The consolidated financial statements of Acal plc and all its subsidiaries have been prepared in accordance with International Financial Reporting

More information

The statements are presented in pounds sterling and have been prepared under IFRS using the historical cost convention.

The statements are presented in pounds sterling and have been prepared under IFRS using the historical cost convention. Note 1 to the financial information Basis of accounting ITE Group Plc is a UK listed company and together with its subsidiary operations is hereafter referred to as the Company. The Company is required

More information

Abbey plc ( Abbey or the Company ) Interim Statement for the six months ended 31 October 2007

Abbey plc ( Abbey or the Company ) Interim Statement for the six months ended 31 October 2007 Abbey plc ( Abbey or the Company ) Interim Statement for the six months ended 31 October 2007 The Board of Abbey plc reports a profit before taxation of 18.20m which compares with a profit of 22.57m for

More information

Notes on the parent company financial statements

Notes on the parent company financial statements 316 Financial statements Prudential plc Annual Report 2012 Notes on the parent company financial statements 1 Nature of operations Prudential plc (the Company) is a parent holding company. The Company

More information

1. Parent company accounting policies

1. Parent company accounting policies Financial Statements Notes to the parent company financial statements 1. Parent company accounting policies Basis of preparation The separate financial statements of the Company are presented as required

More information

Volex Group plc. Transition to International Financial Reporting Standards Supporting document for 2 October 2005 Interim Statement. 1.

Volex Group plc. Transition to International Financial Reporting Standards Supporting document for 2 October 2005 Interim Statement. 1. Volex Group plc Transition to International Financial Reporting Standards Supporting document for 2 October 2005 Interim Statement 1. Introduction The consolidated financial statements of Volex Group plc

More information

G8 Education Limited ABN: 95 123 828 553. Accounting Policies

G8 Education Limited ABN: 95 123 828 553. Accounting Policies G8 Education Limited ABN: 95 123 828 553 Accounting Policies Table of Contents Note 1: Summary of significant accounting policies... 3 (a) Basis of preparation... 3 (b) Principles of consolidation... 3

More information

Large Company Limited. Report and Accounts. 31 December 2009

Large Company Limited. Report and Accounts. 31 December 2009 Registered number 123456 Large Company Limited Report and Accounts 31 December 2009 Report and accounts Contents Page Company information 1 Directors' report 2 Statement of directors' responsibilities

More information

SIGNIFICANT GROUP ACCOUNTING POLICIES

SIGNIFICANT GROUP ACCOUNTING POLICIES SIGNIFICANT GROUP ACCOUNTING POLICIES Basis of consolidation Subsidiaries Subsidiaries are all entities over which the Group has the sole right to exercise control over the operations and govern the financial

More information

CROSSWORD CYBERSECURITY PLC

CROSSWORD CYBERSECURITY PLC Registered number: 08927013 CROSSWORD CYBERSECURITY PLC AUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2014 COMPANY INFORMATION DIRECTORS T Ilube J Bottomley Professor D Secher

More information

The consolidated financial statements of

The consolidated financial statements of Our 2014 financial statements The consolidated financial statements of plc and its subsidiaries (the Group) for the year ended 31 December 2014 have been prepared in accordance with International Financial

More information

Small Company Limited. Report and Accounts. 31 December 2007

Small Company Limited. Report and Accounts. 31 December 2007 Registered number 123456 Small Company Limited Report and Accounts 31 December 2007 Report and accounts Contents Page Company information 1 Directors' report 2 Accountants' report 3 Profit and loss account

More information

FINANCIAL STATEMENTS OF THE COMPANY COMPANY STATEMENT OF FINANCIAL POSITION

FINANCIAL STATEMENTS OF THE COMPANY COMPANY STATEMENT OF FINANCIAL POSITION COMPANY STATEMENT OF FINANCIAL POSITION Notes Restated Assets Investments in Group subsidiaries 2 5,729 5,760 Investments and securities 3 347 153 Investments in associated undertakings and joint ventures

More information

Company Registration No. 238525. Cable & Wireless Limited. Directors report and financial statements. 31 March 2011. Registered Office:

Company Registration No. 238525. Cable & Wireless Limited. Directors report and financial statements. 31 March 2011. Registered Office: Company Registration No. 238525 Cable & Wireless Limited 31 March 2011 Registered Office: 3 rd Floor, 26 Red Lion Square London WC1R 4HQ 31 March 2011 Contents Directors report 1 Statement of Directors

More information

Consolidated financial statements

Consolidated financial statements Rexam Annual Report 83 Consolidated financial statements Consolidated financial statements: Independent auditors report to the members of Rexam PLC 84 Consolidated income statement 87 Consolidated statement

More information

HOST GLOBAL LIMITED Financial Accounts 2014-12-31

HOST GLOBAL LIMITED Financial Accounts 2014-12-31 Company Registration No. 03821675 (England and Wales) ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2014 CONTENTS Page Abbreviated balance sheet 1 Notes to the abbreviated accounts 2-3 ABBREVIATED

More information

Small Company Limited. Abbreviated Accounts. 31 December 2007

Small Company Limited. Abbreviated Accounts. 31 December 2007 Registered number 123456 Small Company Limited Abbreviated Accounts 31 December 2007 Abbreviated Balance Sheet as at 31 December 2007 Notes 2007 2006 Fixed assets Intangible assets 2 Tangible assets 3

More information

CONSOLIDATED INCOME STATEMENT for the year ended 31st December

CONSOLIDATED INCOME STATEMENT for the year ended 31st December CONSOLIDATED INCOME STATEMENT for the year ended 31st December HK$ million Notes 2012 2011 Group turnover 5 4,105 3,493 Share of turnover of jointly controlled entities 5 1,644 1,532 5,749 5,025 Group

More information

Significant Accounting Policies

Significant Accounting Policies Apart from the accounting policies presented within the corresponding notes to the financial statements, other significant accounting policies are set out below. These policies have been consistently applied

More information

Accounting policies. General information. Comparatives for 2011. Summary of significant accounting policies. Changes in accounting policies

Accounting policies. General information. Comparatives for 2011. Summary of significant accounting policies. Changes in accounting policies Accounting policies General information This document constitutes the Annual Report and Financial Statements in accordance with UK Listing Rules requirements and the Annual Report on Form 20-F in accordance

More information

Summary of Significant Accounting Policies FOR THE FINANCIAL YEAR ENDED 31 MARCH 2014

Summary of Significant Accounting Policies FOR THE FINANCIAL YEAR ENDED 31 MARCH 2014 46 Unless otherwise stated, the following accounting policies have been applied consistently in dealing with items which are considered material in relation to the financial statements. The Company and

More information

FRS 103 Insurance (Ireland) Limited.

FRS 103 Insurance (Ireland) Limited. FRS 103 Insurance (Ireland) Limited. FRS 103 Insurance (Ireland) Limited Illustrative financial statements and selected disclosures for the financial year ended 31 December September Leading business advisers

More information

Thames Water Utilities Cayman Finance Limited. Annual report and voluntary financial statements for the year ended 31 March 2009

Thames Water Utilities Cayman Finance Limited. Annual report and voluntary financial statements for the year ended 31 March 2009 Thames Water Utilities Cayman Finance Limited Annual report and voluntary financial statements for the year ended 31 March Registered no: MC-187772 (Cayman Islands) Thames Water Utilities Cayman Finance

More information

Accounting policies for the year ended 31 March 2009

Accounting policies for the year ended 31 March 2009 Accounting policies for the year ended 31 March 2009 A. Basis of preparation of consolidated financial statements under IFRS National Grid s principal activities involve the transmission and distribution

More information

Unaudited financial report for the. sixt-month period ended 30 June 2015. Deutsche Bahn Finance B.V. Amsterdam

Unaudited financial report for the. sixt-month period ended 30 June 2015. Deutsche Bahn Finance B.V. Amsterdam Unaudited financial report for the sixt-month period ended 30 June 2015 Deutsche Bahn Finance B.V. Table of contents Annual report of the directors 3 Balance sheet as at 30 June 2015 4 Profit and loss

More information

FRS 102 LIMITED. Example Financial Statements For the year ended 31 December 2015

FRS 102 LIMITED. Example Financial Statements For the year ended 31 December 2015 Example Financial Statements Introduction These illustrative financial statements are an example of a group and parent company financial statements prepared for the first time in accordance with FRS 102

More information

Notes to the 2008 Full financial statements continued

Notes to the 2008 Full financial statements continued 30 CHANGES IN EQUITY, SHARE PREMIUM AND RESERVES Year ended 31 December 2008 Year ended 31 December 2007 Attributable Outside Total Attributable Outside Total to interests to interests shareholders shareholders

More information

Financial report 2014. Deutsche Bahn Finance B.V. Amsterdam

Financial report 2014. Deutsche Bahn Finance B.V. Amsterdam Financial report 2014 Deutsche Bahn Finance B.V. Table of contents Annual report of the directors 3 Balance sheet as at 31 December 2014 4 Profit and loss account for the year ended 31 December 2014 6

More information

NOTES TO THE FINANCIAL STATEMENTS

NOTES TO THE FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS 1 SIGNIFICANT ACCOUNTING POLICIES (a) Statement of compliance These financial statements have been prepared in accordance with all applicable Hong Kong Financial Reporting

More information

Sable International Finance Limited

Sable International Finance Limited Company registration no. CD-207737 Sable International Finance Limited Registered Office: Card Corporate Services Limited Zephyr House, 122 Mary Street PO Box 709 Grand Cayman KY1-1107 Cayman Islands Contents

More information

Recent years have seen considerable changes to the reporting regime for insurers. The pattern has continued in light of the current economic

Recent years have seen considerable changes to the reporting regime for insurers. The pattern has continued in light of the current economic Illustrative financial statements and selected disclosures for the year ended 31 December 2008 Recent years have seen considerable changes to the reporting regime for insurers. The pattern has continued

More information

Preliminary Final report

Preliminary Final report Appendix 4E Rule 4.3A Preliminary Final report AMCOR LIMITED ABN 62 000 017 372 1. Details of the reporting period and the previous corresponding period Reporting Period: Year Ended Previous Corresponding

More information

FRS1 FINANCIAL REPORTING STANDARDS ACCOUNTING STANDARDS BOARD OCTOBER 1996 FRS 1 (REVISED 1996)

FRS1 FINANCIAL REPORTING STANDARDS ACCOUNTING STANDARDS BOARD OCTOBER 1996 FRS 1 (REVISED 1996) ACCOUNTING STANDARDS BOARD OCTOBER 1996 FRS 1 (REVISED 1996) Financial Reporting Standard 1 (Revised 1996) is set out in paragraphs 1-50. The Statement of Standard Accounting Practice set out in paragraphs

More information

Consolidated financial statements

Consolidated financial statements Annual Report Financial statements Consolidated financial statements Consolidated financial statements Consolidated income statement for the year ended 30 June Notes Revenue 2 7,632 7,235 Operating expense

More information

Accounting and Reporting Policy FRS 102. Staff Education Note 1 Cash flow statements

Accounting and Reporting Policy FRS 102. Staff Education Note 1 Cash flow statements Staff Education Note 1: Cash flow Statements Accounting and Reporting Policy FRS 102 Staff Education Note 1 Cash flow statements Disclaimer This Education Note has been prepared by FRC staff for the convenience

More information

Notes to the Financial Statements. These notes form an integral part of and should be read in conjunction with the accompanying fi nancial statements.

Notes to the Financial Statements. These notes form an integral part of and should be read in conjunction with the accompanying fi nancial statements. These notes form an integral part of and should be read in conjunction with the accompanying fi nancial statements. The fi nancial statements of CityAxis Holdings Limited (formerly known as ISG Asia Limited)

More information

VASSETI (UK) PLC CONSOLIDATED FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED 30 JUNE 2013

VASSETI (UK) PLC CONSOLIDATED FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED 30 JUNE 2013 CONSOLIDATED FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED 30 JUNE 2013 INTERIM MANAGEMENT REPORT (UNAUDITED) FOR THE 6 MONTHS ENDED 30 JUNE 2013 1. Key Risks and uncertainties Risks and uncertainties

More information

The consolidated financial statements of

The consolidated financial statements of Our financial statements Accounting policies The consolidated financial statements of plc and its subsidiaries (the Group) for the year ended 31 December have been prepared in accordance with International

More information

ACCOUNTING POLICIES. for the year ended 30 June 2014

ACCOUNTING POLICIES. for the year ended 30 June 2014 ACCOUNTING POLICIES REPORTING ENTITIES City Lodge Hotels Limited (the company) is a company domiciled in South Africa. The group financial statements of the company as at and comprise the company and its

More information

In addition, Outokumpu has adopted the following amended standards as of January 1, 2009:

In addition, Outokumpu has adopted the following amended standards as of January 1, 2009: 1. Corporate information Outokumpu Oyj is a Finnish public limited liability company organised under the laws of Finland and domiciled in Espoo. The parent company, Outokumpu Oyj, has been listed on the

More information

Banking Department Income Statement for the year to 28 February 2011

Banking Department Income Statement for the year to 28 February 2011 48 Bank of England Annual Report 2011 Banking Department Income Statement for the year to 28 February 2011 Note Profit before tax 4 132 231 Corporation tax net of tax relief on payment to HM Treasury 7

More information

Principal Accounting Policies

Principal Accounting Policies 1. Basis of Preparation The accounts have been prepared in accordance with Hong Kong Financial Reporting Standards ( HKFRS ). The accounts have been prepared under the historical cost convention as modified

More information

GlaxoSmithKline Capital plc

GlaxoSmithKline Capital plc (Registered number: 2258699) Annual Report for the year ended 31 December 2013 Registered office address: 980 Great West Road Brentford Middlesex TW8 9GS Annual Report for the year ended 31 December 2013

More information

NOTES TO THE ANNUAL FINANCIAL STATEMENTSNOTE

NOTES TO THE ANNUAL FINANCIAL STATEMENTSNOTE NOTES TO THE ANNUAL FINANCIAL STATEMENTSNOTE Notes to the ANNUAL FINANCIAL STATEMENTS 19 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The principal accounting policies adopted in the preparation of these

More information

NOTES TO THE COMPANY FINANCIAL STATEMENTS

NOTES TO THE COMPANY FINANCIAL STATEMENTS FINANCIAL S 78 79 80 81 82 CONSOLIDATED INCOME CONSOLIDATED OF COMPREHENSIVE INCOME CONSOLIDATED OF FINANCIAL POSITION CONSOLIDATED OF CONSOLIDATED OF CHANGES IN EQUITY 83 NOTES TO THE CONSOLIDATED FINANCIAL

More information

ANNUAL FINANCIAL RESULTS

ANNUAL FINANCIAL RESULTS ANNUAL FINANCIAL RESULTS Directors Statement The directors of Air New Zealand Limited are pleased to present to shareholders the Annual Report* and financial statements for Air New Zealand and its controlled

More information

Consolidated statement of total comprehensive income For the Years Ended 31 December 2013 and 2012 2013 2012 Note w 000 w 000 Revenue 4 71,514 46,007 Cost of sales 5 (31,273) (21,926) Gross profit 40,241

More information

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 1 GENERAL INFORMATION COSCO Pacific Limited (the Company ) and its subsidiaries (collectively the Group ) are principally engaged in the businesses of managing and operating container terminals, container

More information

Note 2 SIGNIFICANT ACCOUNTING

Note 2 SIGNIFICANT ACCOUNTING Note 2 SIGNIFICANT ACCOUNTING POLICIES BASIS FOR THE PREPARATION OF THE FINANCIAL STATEMENTS The consolidated financial statements have been prepared in accordance with International Financial Reporting

More information

Registered No. xxxx. * Electrical Contracting Limited is a small company as defined by Section 350 of the Companies Act 2014.

Registered No. xxxx. * Electrical Contracting Limited is a small company as defined by Section 350 of the Companies Act 2014. (SMALL COMPANY*) DIRECTORS REPORT & FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2014 Registered No. xxxx * Electrical Contracting Limited is a small company as defined by Section 350 of the Companies Act

More information

Jones Sample Accounts Limited. Company Registration Number: 04544332 (England and Wales) Report of the Directors and Unaudited Financial Statements

Jones Sample Accounts Limited. Company Registration Number: 04544332 (England and Wales) Report of the Directors and Unaudited Financial Statements Company Registration Number: 04544332 (England and Wales) Report of the Directors and Unaudited Financial Statements Period of accounts Start date: 1st June 2008 End date: 31st May 2009 Contents of the

More information

ACCOUNTING STANDARDS BOARD OCTOBER 1998 FRS 14 FINANCIAL REPORTING STANDARD EARNINGS ACCOUNTING STANDARDS BOARD

ACCOUNTING STANDARDS BOARD OCTOBER 1998 FRS 14 FINANCIAL REPORTING STANDARD EARNINGS ACCOUNTING STANDARDS BOARD ACCOUNTING STANDARDS BOARD OCTOBER 1998 FRS 14 14 EARNINGS FINANCIAL REPORTING STANDARD PER SHARE ACCOUNTING STANDARDS BOARD Financial Reporting Standard 14 Earnings per Share is issued by the Accounting

More information

NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 March 2012

NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 March 2012 For the financial year ended 31 March These notes form an integral part of and should be read in conjunction with the accompanying financial statements. 1. GENERAL The Company, Singapore Telecommunications

More information

Deloitte GAAP 2014: FRS 102 - Volume B (UK Series)

Deloitte GAAP 2014: FRS 102 - Volume B (UK Series) Deloitte GAAP 2014: UK Reporting - FRS 102 - Volume B (UK Series) Chapter B7: Free postage when you order online www.lexisnexis.co.uk/store or call 0845 370 1234 B7 Contents 1 Introduction 211 2 Scope

More information

Notes to the consolidated financial statements

Notes to the consolidated financial statements Annual Report 1. Accounting policies Sky plc (the Company, formerly British Sky Broadcasting Group plc) is a public limited company incorporated in the United Kingdom ( UK ) and registered in England and

More information

0175/00014699/en Half-Yearly Financial Report GLOBAL DIGITAL SERVICES PLC STC. Correction To:0175/00014529

0175/00014699/en Half-Yearly Financial Report GLOBAL DIGITAL SERVICES PLC STC. Correction To:0175/00014529 Correction To:0175/00014529 0175/00014699/en Half-Yearly Financial Report GLOBAL DIGITAL SERVICES PLC STC Corrected Consolidated Half Year Financial Report 9th February 2016 Global Digital Services PLC

More information

15 September 2011 VOLEX PLC ( Volex or the Group ) Transition to US Dollar reporting Restatement of historical financial information in US Dollars

15 September 2011 VOLEX PLC ( Volex or the Group ) Transition to US Dollar reporting Restatement of historical financial information in US Dollars 15 September VOLEX PLC ( Volex or the Group ) Transition to US Dollar reporting Restatement of historical financial information in US Dollars As communicated in our annual financial statements for the

More information

HOLLY SPRINGS INVESTMENTS LIMITED HALF YEAR REPORT FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2008 CONTENTS STATEMENT OF FINANCIAL PERFORMANCE 1

HOLLY SPRINGS INVESTMENTS LIMITED HALF YEAR REPORT FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2008 CONTENTS STATEMENT OF FINANCIAL PERFORMANCE 1 HALF YEAR REPORT FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2008 CONTENTS PAGES STATEMENT OF FINANCIAL PERFORMANCE 1 STATEMENT OF MOVEMENTS IN EQUITY 2 STATEMENT OF FINANCIAL POSITION 4-4 STATEMENT OF CASH

More information

136 ST ENGINEERING / ABOVE & BEYOND

136 ST ENGINEERING / ABOVE & BEYOND 136 ST ENGINEERING / ABOVE & BEYOND Independent auditors report Members of the Company Singapore Technologies Engineering Ltd Report on the financial STATEMENTS We have audited the accompanying financial

More information

OMAN TELECOMMUNICATIONS COMPANY SAOG

OMAN TELECOMMUNICATIONS COMPANY SAOG 8 1 General information Oman Telecommunications Company SAOG (the Parent Company or the Company ) is an Omani joint stock company registered under the Commercial Companies Law of the Sultanate of Oman.

More information

1 CONSOLIDATED FINANCIAL STATEMENTS (1) Consolidated Balance Sheets

1 CONSOLIDATED FINANCIAL STATEMENTS (1) Consolidated Balance Sheets 1 CONSOLIDATED FINANCIAL STATEMENTS (1) Consolidated Balance Sheets As of March 31,2014 As of March 31,2015 Assets Cash and due from banks 478,425 339,266 Call loans and bills bought 23,088 58,740 Monetary

More information

Notes to the consolidated financial statements continued

Notes to the consolidated financial statements continued 144 www.ocadogroup.com Stock Code: OCDO to the consolidated financial statements continued 4.5 instruments Accounting policies assets and financial liabilities are recognised on the balance sheet when

More information

EXPLANATORY NOTES. 1. Summary of accounting policies

EXPLANATORY NOTES. 1. Summary of accounting policies 1. Summary of accounting policies Reporting Entity Taranaki Regional Council is a regional local authority governed by the Local Government Act 2002. The Taranaki Regional Council group (TRC) consists

More information

Consolidated financial statements

Consolidated financial statements Summary of significant accounting policies Basis of preparation DSM s consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS) as adopted

More information

462 IBN18 (MAURITIUS) LIMITED. IBN18 (Mauritius) Limited

462 IBN18 (MAURITIUS) LIMITED. IBN18 (Mauritius) Limited 462 IBN18 (MAURITIUS) LIMITED IBN18 (Mauritius) Limited IBN18 (MAURITIUS) LIMITED 463 Independent Auditors Report Independent Auditors Report to the member of IBN18 (Mauritius) Limited Report on the Financial

More information

CONTENTS FINANCIAL STATEMENTS. Responsibility statement 136 Independent auditor s report to the members of Anglo American plc 137

CONTENTS FINANCIAL STATEMENTS. Responsibility statement 136 Independent auditor s report to the members of Anglo American plc 137 FINANCIAL STATEMENTS CONTENTS Responsibility statement 136 Independent auditor s report to the members of Anglo American plc 137 Principal statements Consolidated income statement 138 Consolidated statement

More information

Notes to the consolidated financial statements

Notes to the consolidated financial statements 168 Implats 2007 Annual Report Notes to the consolidated financial statements 1 Summary of significant accounting policies The principal accounting policies applied in the preparation of these group and

More information

Statutory Financial Statements

Statutory Financial Statements Statutory Financial Statements for the year ended December 31, 2007 by Kardan NV, Amsterdam, the Netherlands Consolidated IFRS Financial Statements Consolidated IFRS Balance Sheet 54 Consolidated IFRS

More information

Shin Kong Investment Trust Co., Ltd. Financial Statements for the Years Ended December 31, 2014 and 2013 and Independent Auditors Report

Shin Kong Investment Trust Co., Ltd. Financial Statements for the Years Ended December 31, 2014 and 2013 and Independent Auditors Report Shin Kong Investment Trust Co., Ltd. Financial Statements for the Years Ended, 2014 and 2013 and Independent Auditors Report INDEPENDENT AUDITORS REPORT The Board of Directors and stockholder Shin Kong

More information

Summary of significant accounting policies

Summary of significant accounting policies 1 (14) Summary of significant accounting policies The principal accounting policies applied in the preparation of Neste's consolidated financial statements are set out below. These policies have been consistently

More information

Consolidated Financial Statements

Consolidated Financial Statements Consolidated Financial Statements Consolidated Income Statement for the year ended 30 June Consolidated Financial Statements Notes $'000 $'000 Revenue from continuing operations 437,459 336,460 Employee

More information

TCS Financial Solutions Australia (Holdings) Pty Limited. ABN 61 003 653 549 Financial Statements for the year ended 31 March 2015

TCS Financial Solutions Australia (Holdings) Pty Limited. ABN 61 003 653 549 Financial Statements for the year ended 31 March 2015 TCS Financial Solutions Australia (Holdings) Pty Limited ABN 61 003 653 549 Financial Statements for the year ended 31 March 2015 Contents Page Directors' report 3 Statement of profit or loss and other

More information

ACCOUNTING STANDARDS BOARD SEPTEMBER 1998 FRS 13 FINANCIAL REPORTING STANDARD DERIVATIVES AND OTHER DISCLOSURES ACCOUNTING STANDARDS BOARD

ACCOUNTING STANDARDS BOARD SEPTEMBER 1998 FRS 13 FINANCIAL REPORTING STANDARD DERIVATIVES AND OTHER DISCLOSURES ACCOUNTING STANDARDS BOARD ACCOUNTING STANDARDS BOARD SEPTEMBER 1998 FRS 13 13 DERIVATIVES AND OTHER FINANCIAL REPORTING STANDARD FINANCIAL INSTRUMENTS: DISCLOSURES ACCOUNTING STANDARDS BOARD Financial Reporting Standard 13 Derivatives

More information

DBS BANK LTD (Incorporated in Singapore. Registration Number: 196800306E) AND ITS SUBSIDIARIES

DBS BANK LTD (Incorporated in Singapore. Registration Number: 196800306E) AND ITS SUBSIDIARIES DBS BANK LTD (Incorporated in Singapore. Registration Number: 196800306E) AND ITS SUBSIDIARIES FINANCIAL STATEMENTS For the financial year ended 31 December 2013 Financial Statements Table of Contents

More information

Financial statements: contents

Financial statements: contents Section 5 Financial statements 115 Financial statements: contents Consolidated financial statements Independent auditors report to the members of Pearson plc 116 Consolidated income statement 123 Consolidated

More information

DUBLIN CORE METADATA INITIATIVE LIMITED (Co. Reg. No. 200823602C) (Incorporated in the Republic of Singapore)

DUBLIN CORE METADATA INITIATIVE LIMITED (Co. Reg. No. 200823602C) (Incorporated in the Republic of Singapore) (Incorporated in the Republic of Singapore) AUDITED FINANCIAL STATEMENTS AND OTHER FINANCIAL INFORMATION FOR THE PERIOD FROM 23 DECEMBER 2008 (DATE OF INCORPORATION) TO 30 JUNE 2009 LAM/KCH DIRECTORS REPORT

More information

International Accounting Standard 32 Financial Instruments: Presentation

International Accounting Standard 32 Financial Instruments: Presentation EC staff consolidated version as of 21 June 2012, EN EU IAS 32 FOR INFORMATION PURPOSES ONLY International Accounting Standard 32 Financial Instruments: Presentation Objective 1 [Deleted] 2 The objective

More information

Accounting and Reporting Policy FRS 102. Staff Education Note 14 Credit unions - Illustrative financial statements

Accounting and Reporting Policy FRS 102. Staff Education Note 14 Credit unions - Illustrative financial statements Accounting and Reporting Policy FRS 102 Staff Education Note 14 Credit unions - Illustrative financial statements Disclaimer This Education Note has been prepared by FRC staff for the convenience of users

More information

Nufarm Finance (NZ) Limited Annual Report For the year ended 31 July 2013

Nufarm Finance (NZ) Limited Annual Report For the year ended 31 July 2013 Nufarm Finance (NZ) Limited Annual Report For the year ended 31 July 2013 NUFARM FINANCE (NZ) LIMITED 1 Contents 2 Directors report 3 Company directory 4 Corporate governance 5-6 Auditor s report 7 Statement

More information

Directors Report 2013

Directors Report 2013 Directors Report 2013 Iris Insurance Brokers Limited Directors Report for the Year Ended 30 September 2013 Directors Report 2013 Contents Who we are 1 Key developments 1 Operational highlights 1 Financial

More information

Total revenue (incl share of joint ventures) 1,082.2m 1,017.8m +6.3% EBITDA* 40.0m 40.0m +0.0% EBITA* 32.7m 30.5m +6.9% EBIT* 31.3m 28.3m +10.

Total revenue (incl share of joint ventures) 1,082.2m 1,017.8m +6.3% EBITDA* 40.0m 40.0m +0.0% EBITA* 32.7m 30.5m +6.9% EBIT* 31.3m 28.3m +10. Fyffes delivers further growth in revenue and earnings Preliminary Results Restated Change % Total revenue (incl share of joint ventures) 1,082.2m 1,017.8m +6.3% EBITDA* 40.0m 40.0m +0.0% EBITA* 32.7m

More information

Example FRS 101 financial statements.

Example FRS 101 financial statements. Example FRS 101 financial statements. (Reflecting the Companies Acts, 1963 to 2012) October 2013 Leading business advisers FRS 101 Example financial statements The background Developing a replacement for

More information

Unaudited financial report for the six-month period ending 30 June 2015. RWE Finance B.V. s-hertogenbosch, the Netherlands

Unaudited financial report for the six-month period ending 30 June 2015. RWE Finance B.V. s-hertogenbosch, the Netherlands Unaudited financial report for the six-month period ending 30 June 2015 RWE Finance B.V. s-hertogenbosch, the Netherlands Content Interim report of the directors 3-5 Interim report of the directors 4-5

More information

STATEMENT OF STANDARD ACCOUNTING PRACTICE FOREIGN CURRENCY TRANSLATION. (Issued April 1983)

STATEMENT OF STANDARD ACCOUNTING PRACTICE FOREIGN CURRENCY TRANSLATION. (Issued April 1983) Contents (Issued April 1983) Part 1 - Explanatory Note 1-32 Background 1 Objectives of translation 2 Procedures 3 The individual company stage 4-12 The consolidated financial statements stage 13-14 The

More information

BRITISH TRANSCO INTERNATIONAL FINANCE B.V. Rotterdam, The Netherlands. Annual Report for the year ended 32 March 2015

BRITISH TRANSCO INTERNATIONAL FINANCE B.V. Rotterdam, The Netherlands. Annual Report for the year ended 32 March 2015 BRITISH TRANSCO INTERNATIONAL FINANCE B.V. Rotterdam, The Netherlands Annual Report for the year ended 32 March 215 ADDRESS: Westblaak 89 312 KG Rotterdam Chamber of Commerce Rotterdam File number: 24,262.646

More information

GlaxoSmithKline Capital plc

GlaxoSmithKline Capital plc Issued: 31 July 2014, London, U.K. GlaxoSmithKline Capital plc Results announcement and interim management report for the half year ended Performance GlaxoSmithKline Capital plc (the "Company"), a wholly

More information

長 江 製 衣 有 限 公 司 YANGTZEKIANG GARMENT LIMITED (Incorporated in Hong Kong with limited liability) (Stock Code: 00294)

長 江 製 衣 有 限 公 司 YANGTZEKIANG GARMENT LIMITED (Incorporated in Hong Kong with limited liability) (Stock Code: 00294) Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness

More information

Notes to the Consolidated Financial Statements

Notes to the Consolidated Financial Statements Notes to the Consolidated Financial Statements 72 1. Significant accounting policies RPS Group Plc (the Company ) is a company domiciled in England. The consolidated financial statements of the Company

More information

2 FSA002 Income statement

2 FSA002 Income statement 2 FSA002 Income statement This data item provides the PRA with information on the main sources of income and expenditure for a firm. It should be completed on a cumulative basis for the firm's current

More information

PIZZAEXPRESS FINANCING 1 PLC. Interim financial report for the 40 weeks ended 3 April 2016

PIZZAEXPRESS FINANCING 1 PLC. Interim financial report for the 40 weeks ended 3 April 2016 Interim financial report for the 40 weeks ended 3 April 2016 1 Contents Operating and financial review 3 Condensed consolidated statement of comprehensive income 4 Condensed consolidated statement of financial

More information

NOTES TO THE FINANCIAL STATEMENTS

NOTES TO THE FINANCIAL STATEMENTS 1. Principal activities The Company is an investment holding company and its subsidiaries are principally engaged in the provision of banking and related financial services in Hong Kong. The Company is

More information

ANNUAL FINANCIAL RESULTS FOR THE YEAR ENDED 31 JULY 2014 FONTERRA ANNUAL FINANCIAL RESULTS 2014 A

ANNUAL FINANCIAL RESULTS FOR THE YEAR ENDED 31 JULY 2014 FONTERRA ANNUAL FINANCIAL RESULTS 2014 A ANNUAL FINANCIAL RESULTS FOR THE YEAR ENDED 31 JULY 2014 FONTERRA ANNUAL FINANCIAL RESULTS 2014 A CONTENTS DIRECTORS STATEMENT 1 INCOME STATEMENT 2 STATEMENT OF COMPREHENSIVE INCOME 3 STATEMENT OF FINANCIAL

More information

Australian Ethical World Trust ARSN 123 618 520. Annual Financial Report for the year ended 30 June 2013

Australian Ethical World Trust ARSN 123 618 520. Annual Financial Report for the year ended 30 June 2013 ARSN 123 618 520 Annual Financial Report for the year ended 30 June 2013 (AEWT) Annual Financial Report for the year ended 30 June 2013 Contents Page Directors' Report 1 Statement of Profit or Loss and

More information

Opening doors to new ideas. Interim Report 2007/08

Opening doors to new ideas. Interim Report 2007/08 Opening doors to new ideas Interim Report 2007/08 SPG Media Group Plc Interim Report 2007/08 Contents 2 Chairman s Statement 4 Consolidated Interim Income Statement 5 Consolidated Interim Balance Sheet

More information

Capcon Holdings plc. Interim Report 2011. Unaudited interim results for the six months ended 31 March 2011

Capcon Holdings plc. Interim Report 2011. Unaudited interim results for the six months ended 31 March 2011 Capcon Holdings plc Interim Report 2011 Unaudited interim results for the six months ended 31 March 2011 Capcon Holdings plc ("Capcon" or the "Group"), the AIM listed investigations and risk management

More information

HKAS 12 Revised May November 2014. Hong Kong Accounting Standard 12. Income Taxes

HKAS 12 Revised May November 2014. Hong Kong Accounting Standard 12. Income Taxes HKAS 12 Revised May November 2014 Hong Kong Accounting Standard 12 Income Taxes HKAS 12 COPYRIGHT Copyright 2014 Hong Kong Institute of Certified Public Accountants This Hong Kong Financial Reporting Standard

More information

Accounting and Reporting Policy FRS 102. Staff Education Note 10 Employee benefits Defined benefit plans

Accounting and Reporting Policy FRS 102. Staff Education Note 10 Employee benefits Defined benefit plans Accounting and Reporting Policy FRS 102 Staff Education Note 10 Employee benefits Defined benefit plans Disclaimer This Education Note has been prepared by FRC staff for the convenience of users of FRS

More information

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Ladbrokes PLC Annual Report and Accounts 8 83 1 CORPORATE INFORMATION Ladbrokes plc (the Company) is a public limited company incorporated and domiciled in the United Kingdom whose shares are publicly

More information