Common use of Accounts and Management Accounts Clause in Contracts

Accounts and Management Accounts. (i) The Accounts have been prepared in accordance with applicable law and on a basis consistent with that adopted in the preparation of the audited accounts of the Company for the previous financial year of the Company and in accordance with all Financial Reporting Standards and Statements of Standard Accounting Practice in force at the date hereof as made or adopted by the Accounting Standards Board and all generally accepted accounting principles and practices in the United Kingdom and give a true and fair view of the assets and liabilities and state of affairs of the Group as at 30 November 2002 and its profits and losses for the relevant period ended on the 30 November 2002.