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1.40 1

A.The effects on the financial statements are as follows:


The word Consolidated appears in the title of the primary statements

Financial statements
“Financial statements” reference becomes ”consolidated financial statements” throughout the set.

Independent Auditors' Report
This is changed as per the technical circulars of ICPAC in relation to consolidated financial statements

Report of the Board of Directors
Principal activities - wording changes

Notes to the financial statements affected

1. Accounting policies changed

- Basis of preparation
- Basis of consolidation
- Business combinations
- Interests in joint ventures

2. Investments in subsidiaries

Management representation letter – amended accordingly

Subsidiaries excluded from the consolidated financial statements on the basis of Articles 142A(5)(a), (b) and (c) (As per ICPAC Technical Circular No. 51 the following are affected

1. Basis of preparation is amended according to the option selected
2. Independent auditors report depending on type of qualified opinion
3. Investments in subsidiaries – Table for listing of subsidiaries excluded from the consolidated financial statements enabled


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