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1.
Changes in accounting policies and presentation
With effect from 1 April 2000, the group changed its method
of accounting for loans and other borrowings. Loans and
other borrowings are now adjusted for the effect of currency
swaps acting as hedges. There is no impact on the profit
of the group as a result of this change; the adjustment
is reflected in debtors or creditors. By adjusting for
the effects of currency swaps acting as hedges the balances
stated reflect the full economic exposure of the company
arising from loans and other borrowings. The comparative
figures have not been restated as the impact is not material.
During the year ended 31 March 2001, the group has made
a number of changes in the presentation of its financial
statements. Comparative figures have been restated accordingly.
These are explained in the notes where material.
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