i annual report 2004 contents 1 page corporate bodies 2 the group 4 directors on operations 6 operating review 7 financial 13 results of position 20 3 cash flow and debt 21 related party transactions 23 other information 24 5 adoption international accounting standards 25 subsequent events outlook 26 consolidated balance sheet income statement 28 notes to consolidaed statements 33 form content 34 policies 35 39 assets liabilities shareholders equity 45 memorandum accounts 50 51 remuneration statutory auditors 57 annexes 59 parent company s 62