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This excerpt taken from the ELN 20-F filed Feb 26, 2009. (a) Basis
of consolidation and presentation of financial
information
The accompanying Consolidated Financial Statements have been
prepared in conformity with accounting principles generally
accepted in the United States of America (U.S. GAAP). In
addition to the financial statements included in this
Form 20-F,
we also prepared separate Consolidated Financial Statements,
included in our Annual Report, in accordance with International
Financial Reporting Standards as adopted by the European Union
(IFRS), which differ in certain significant respects from
U.S. GAAP. The Annual Report under IFRS is a separate
document from this
Form 20-F.
Unless otherwise indicated, our financial statements and other
financial data contained in this
Form 20-F
are presented in U.S. dollars ($). The accompanying
Consolidated Financial Statements include our financial
position, results of operations and cash flows and those of our
subsidiaries, all of which are wholly owned. All significant
intercompany amounts have been eliminated.
We have incurred significant losses during the last three fiscal
years and anticipate to continue to incur operating losses in
2009. However, our directors believe that we have adequate
resources to continue in operational existence for at least the
next 12 months and that it is appropriate to continue to
prepare our Consolidated Financial Statements on a going concern
basis.
This excerpt taken from the ELN 20-F filed Feb 28, 2008. (a) Basis
of consolidation and presentation of financial
information
The accompanying Consolidated Financial Statements have been
prepared in conformity with accounting principles generally
accepted in the United States of America (U.S. GAAP). In
addition to this
Form 20-F,
we also prepared separate Consolidated Financial Statements,
included in our Annual Report, in accordance with International
Financial Reporting Standards (IFRS), which differ in certain
significant respects from U.S. GAAP. The Annual Report
under IFRS is a separate document from this
Form 20-F.
Unless otherwise indicated, our financial statements and other
financial data contained in this
Form 20-F
are presented in U.S. dollars ($). The accompanying
Consolidated Financial Statements include our financial
position, results of operations and cash flows and those of our
subsidiaries, all of which are wholly owned. All significant
intercompany amounts have been eliminated.
We have incurred significant losses during the last three fiscal
years and anticipate to continue to incur operating losses in
2008. However, our directors believe that we have adequate
resources to continue in operational existence for at least the
next 12 months and that it is appropriate to continue to
prepare our Consolidated Financial Statements on a going concern
basis.
This excerpt taken from the ELN 20-F filed Mar 30, 2006. (a) Basis
of consolidation and presentation of financial
information
Prior to the 2004 fiscal year, we prepared our Consolidated
Financial Statements, incorporated by reference, on our
historical
Form 20-F,
in conformity with Irish generally accepted accounting
principles (Irish GAAP). Beginning with our 2004 fiscal year, we
have adopted accounting principles generally accepted in the
United States (U.S. GAAP) as the basis for the
preparation of our Consolidated Financial Statements.
Accordingly, our Consolidated Financial Statements on this
Form 20-F
are prepared on the basis of U.S. GAAP for all periods
presented.
We also prepared separate Consolidated Financial Statements,
included in our Annual Report, in accordance with International
Financial Reporting Standards (IFRS), which differ in certain
significant respects from U.S. GAAP. The Consolidated
Financial Statements included in our Annual Report have been
prepared for the first time for the year ended December 31,
2005 under IFRS. Comparative information that was previously
presented under Irish GAAP for the year ended December 31,
2004 has been restated under IFRS. The Annual Report under IFRS,
which includes a reconciliation of previously reported Irish
GAAP financial information to IFRS, is a separate document from
this
Form 20-F.
Unless otherwise indicated, our financial statements and other
financial data contained in this
Form 20-F
are presented in United States dollars ($). The accompanying
Consolidated Financial Statements include our financial
position, results of operations and cash flows and those of our
subsidiaries, all of which are wholly owned. All significant
intercompany amounts have been eliminated.
We have incurred significant losses during the last three fiscal
years and anticipate continuing losses for the foreseeable
future. However, our directors believe that we have adequate
resources to continue in operational existence for at least the
next twelve months and that it is appropriate to continue to
prepare our Consolidated Financial Statements on a going concern
basis.
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