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Introduction
We have been engaged by the Company to review the condensed set
of financial statements in the half-yearly financial report for
the six months ended 30 September 2007, which comprises the Group
Income Statement, Group Balance Sheet, Group Cash Flow Statement,
Group Statement of Changes in Shareholders’ Equity and related notes.
We have read the other information contained in the half-yearly
financial report and considered whether it contains any apparent
misstatements or material inconsistencies with the information in
the condensed set of financial statements.
Directors’ responsibilities
The half-yearly financial report is the responsibility of, and has
been approved by, the directors. The directors are responsible for
preparing the half-yearly financial report in accordance with the
Disclosure and Transparency Rules of the United Kingdom’s Financial
Services Authority.
As disclosed in note 1, the annual financial statements of the
Group are prepared in accordance with IFRSs as adopted by the European
Union. The condensed set of financial statements included in this
half-yearly financial report has been prepared in accordance with
International Accounting Standard 34, ‘Interim Financial Reporting’,
as adopted by the European Union.
Our responsibility
Our responsibility is to express to the Company a conclusion on
the condensed set of financial statements in the half-yearly financial
report based on our review. This report, including the conclusion,
has been prepared for and only for the Company for the purpose of
the Disclosure and Transparency Rules of the Financial Services
Authority and for no other purpose. We do not, in producing this
report, accept or assume responsibility for any other purpose or
to any other person to whom this report is shown or into whose hands
it may come save where expressly agreed by our prior consent in
writing.
Scope of review
We conducted our review in accordance with International Standard
on Review Engagements (UK and Ireland) 2410, ‘Review of Interim
Financial Information Performed by the Independent Auditor of the
Entity’ issued by the Auditing Practices Board for use in the United
Kingdom. A review of interim financial information consists of making
enquiries, primarily of persons responsible for financial and accounting
matters, and applying analytical and other review procedures. A
review is substantially less in scope than an audit conducted in
accordance with International Standards on Auditing (UK and Ireland)
and consequently does not enable us to obtain assurance that we
would become aware of all significant matters that might be identified
in an audit. Accordingly, we do not express an audit opinion.
Conclusion
Based on our review, nothing has come to our attention that causes
us to believe that the condensed set of financial statements in
the half-yearly financial report for the six months ended 30 September
2007 is not prepared, in all material respects, in accordance with
International Accounting Standard 34 as adopted by the European
Union and the Disclosure and Transparency Rules of the United Kingdom’s
Financial Services Authority.
PricewaterhouseCoopers LLP
Chartered Accountants
London
8 November 2007
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