Basis of accounting and preparation
of financial information
The Consolidated Financial Statements
have been prepared under the historical cost
convention, modified to include revaluation
to fair value of certain financial instruments
as described below, in accordance with
the Companies Act 2006 and International
Financial Reporting Standards (IFRSs) as
adopted by the EU (adopted IFRSs) in response
to the IAS regulation (EC 1606/2002). The
Consolidated Financial Statements also comply
fully with IFRSs as issued by the International
Accounting Standards Board (IASB).