British Energy Group plc (Q3, 2006)
Notes to the financial statements [extract]
1. Basis of Preparation [extract]
In preparing the interim financial statements for the period ended 31 December 2006, the Board of Directors have used the principal accounting policies as set out in the Group’s Annual Report and Accounts for the year ended 31 March 2006. The Group has chosen not to adopt IAS 34 – Interim Financial Statements, in preparing these interim financial statements, and therefore this information is not wholly compliant with International Financial Reporting Standards. The preparation of interim financial statements requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets, liabilities, income and expenses.