The monetary reporting framework that has been applied in their preparation is applicable law and International Financial Reporting Standards (‘IFRSs’) as adopted by the European Union. Under company legislation the Directors should not approve the monetary statements except they are happy that they current fairly the financial place, financial performance and money flows of the Group and the Company for that interval.
The graph on page 33 of the annual report and accounts compares the total return (assuming all dividends are reinvested) to Ordinary shareholders, in comparison with the whole shareholder return of the MSCI UK Small Cap Index. Although the Company has no formal benchmark, the MSCI UK Small Cap Index has been chosen as it’s thought of to symbolize a broad fairness market index in opposition to which the efficiency of the Company’s property could also be adequately assessed. Communication with shareholders is given …