Adoption of IFRS
We adopted International Financial Reporting Standards (IFRS) for our consolidated financial statements, with effect from 1 April 2011. Enabling the whole Group to use the same accounting language has clear benefits for the Company’s internal decisionmaking processes and further enhances our corporate governance structure.
Beginning with the financial year to 31 March 2012, the Group’s results are now reported in IFRS. This has increased the amount of financial information we publish, prompting our decision to divide the content of our annual reporting between the Annual Report and an Annual Financial Statements document, both can
be downloaded in English from our website.