Directors´ Responsibilities
24
The Directors are responsible for preparing the Annual Report and the Group financial statements. The Directors are required to prepare Group financial statements for each financial year which present fairly the financial position of the Group and the financial performance and cash flows of the Group for that period. In preparing those Group financial statements, the Directors are required to:
• Select suitable accounting policies and then apply them consistently;
• Make judgments and estimates that are reasonable and prudent;
• State whether applicable U.S. GAAP have been followed, subject to any material departures disclosed and explained in the financial statements;
• Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business;
• Present information, including accounting policies, in a manner that provides relevant, reliable, comparable and understandable information; and
• Provide additional disclosures to enable users to understand the impact of particular transactions, other events and conditions on the Group´s financial position and financial performance.
The Directors are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Group. They have a general responsibility for safeguarding the assets of the Group and taking reasonable steps for the prevention and detection of fraud and other irregularities. The Directors are responsible for the maintenance and integrity of the corporate and financial information included on the Group´s website.
Annual General Meeting
The AGM will be held at the office of Buchanan Communications, 45 Moorfields, London, ECEC2Y 9AEAE UK on May 21, 2009 at 12 noon UK time. The Group will convey the results of the proxy votes cast at the AGM.
Keith Bigsby
Group Secretary
April 1, 2009
