Notes to the Financial Statements
For the short period 1 April 2006 to 3 March 2007
4. FOREIGN CURRENCY
The principal exchange rates used were as follows:
| |
Average |
|
Closing |
| |
Period to
3 March |
|
Year to
31 March |
|
3 March |
|
31 March |
| |
2007 |
|
2006 |
|
2007 |
|
2006 |
| US dollar |
1.90 |
|
1.79 |
|
1.94 |
|
1.74 |
| Euro |
1.48 |
|
1.46 |
|
1.48 |
|
1.44 |
Assets and liabilities of overseas undertakings are translated into sterling
at the rates of exchange at the balance sheet date and the
income statement is translated into sterling at average rates of exchange.
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