STATUTORY INFORMATION ON THE FINANCIAL STATEMENTS
Before the financial statements of the Group and of the Company were made out, the Directors took reasonable steps:
(a) to ascertain that action had been taken in relation to the writing off of bad debts and the making of allowance for doubtful
debts, and satisfied themselves that all known bad debts had been written off and that adequate allowance had been made
for doubtful debts; and
(b) to ensure that any current assets other than debts, which were unlikely to be realised at their book value in the ordinary
course of business had been written down to an amount which they might be expected so to realise.
At the date of this report, the Directors are not aware of any circumstances:
(a) which would render the amounts written off for bad debts or the amount of allowance for doubtful debts in the financial
statements of the Group and the Company inadequate to any substantial extent; or
(b) which would render the values attributed to the current assets in the financial statements of the Group and the Company
misleading; or
(c) which have arisen and render adherence to the existing method of valuation of assets or liabilities of the Group and the
Company misleading or inappropriate.
At the date of this report, there does not exist:
(a) any charge on the assets of the Group or the Company which has arisen since the end of the financial year which secures
the liability of any other person; or
(b) any contingent liabilities of the Group or the Company which have arisen since the end of the financial year.
No contingent or other liability has become enforceable, or is likely to become enforceable within the period of twelve months
after the end of the financial year which, in the opinion of the Directors, will or may affect the ability of the Group or the
Company to meet their obligations when they fall due.
At the date of this report, the Directors are not aware of any circumstances not otherwise dealt with in this report or the financial
statement, which would render any amount stated in the financial statements of the Group or the Company misleading.
In the opinion of the Directors:
(a) the results of the Group’s and the Company’s operations during the financial year were not substantially affected by any item,
transaction or event of a material and unusual nature; other than as disclosed in the financial statements; and
(b) there has not arisen in the interval between the end of the financial year and the date of this report any item, transaction or
event of a material and unusual nature likely to affect substantially the results of the operations of the Group or the Company
for the financial year in which this report is made, other than as disclosed in the financial statements.
220
Directors’
Report
(CONTINUED)
