The financial statements are prepared on a fair value basis for financial assets at fair value through profit and loss and derivative financial instruments.
Consolidated Balance Sheet In thousand US Dollars September September December 30, 2008 30, 2007 31, 2007 (Unaudited) (Audited) Assets Cash and cash equivalents 26,333 19,523 259,325 Derivatives at fair value through profit and loss 3,106 4,485 6,513 Investment in other financial assets at fair value through profit and loss.
Consolidated Balance Sheet In thousand US Dollars September September December 30, 2008 30, 2007 31, 2007 (Unaudited) (Audited) Assets Cash and cash equivalents 26,333 19,523 259,325 Derivatives at fair value through profit and loss 3,106 4,485 6,513 Investment in other financial assets at fair value through profit and loss.
b) Basis of accounting The financial information has been prepared on the historical cost basis, except for those assets designated as fair value through profit and loss as stated in the accounting policies set out below and on a going concern basis which assumes that the Group and Company will continue in business for the near future.
b) Investment Policy As the Company's business is investing in financial assets with a view to profiting from their total return in the form of increases in fair value, financial assets are designated as fair value through profit and loss on initial recognition in accordance with FRS 26.
c) Investments As the Company's business is investing in financial assets with a view to profiting from their total return in the form of increases in fair value, financial assets are designated as fair value through profit and loss on initial recognition in accordance with FRS 26.
d) Investment Policy As the Company's business is investing in financial assets with a view to profiting from their total return in the form of increases in fair value, financial assets are designated as fair value through profit and loss on initial recognition in accordance with FRS 26.
