... in foreign currencies are retranslated at the rate of exchange ruling at the balance sheet date or if appropriate at the forward contract rate. The accounts of overseas subsidiary undertakings are translated at the rate of exchange ruling at the balance sheet date. Costs of sales represents all costs incurred up to the point of sale including the operating expenses of the trading outlets. Goodwill arising on acquisitions of subsidiary undertakings and business prior to 3rd January 1998 has been written off against reserves, and was not restarted on implementation of FRS10. Assets held under finance leases are capitalized in the balance sheet and are depreciated over their useful lives. (b) Attempts to comply with Stock Exchange requirements; The annual report and accounts must be issued within six months following the end of the financial period to which they relate. The following matters are required: Details of the directors' interest at the ...

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