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At the time of writing, investment markets are experiencing excessive ranges of volatility and it is like that this volatility will proceed for the foreseeable future. Nevertheless, the Group has adequate financial resources and, as a consequence, having assessed the principal dangers going through the Company and the opposite matters set out in the Viability Statement, the Directors believe that the Group is properly positioned to handle its enterprise dangers efficiently and it is appropriate to adopt the going concern basis. The principal exercise of the Company is to hold on enterprise as an investment belief.
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Shares issued by the subsidiary are handled as a liability of the Group, and are shown within the Balance Sheet at their redemption value at the Balance Sheet date. The appropriations in respect of the Zero Dividend Preference shares needed to extend the …