English to French Bus/Financial Finance (general) Audit

No provision is made for deferred taxation as the Directors are of the opinion that the taxation effect of the reversal of timing differences is immaterial.

Provision for a Corporation Tax surcharge assessable on the Company’s undistributed investment income (in accordance with Section 440, Taxes Consolidation Act 1997) is provided after the time limit of 18 months within which a dividend can be paid to avoid such surcharge has elapsed.