The cash flow statement was prepared using the indirect method.

The funds in the cash flow statement consist of cash and cash equivalents only. Cash flows in foreign currencies are translated at the exchange rates at month-end.

Income and expenditure resulting from interest, dividends and rent received, and tax on profits are recorded under the cash flow from operating activities. The historical cost of an acquired group company is recorded under the cash flow from investing activities in so far as payment was made in cash. The cash and cash equivalents held by the acquired group company are deducted from the purchase price.