Directors' Report for the Year Ended December 31, 1996 Report of Independent Auditors Consolidated Balance Sheet at December 31, 1996 Consolidated Statement of Movement in Shareholders' Funds Consolidated Statement of Cash Flows for the Year Ended December 31, 1996 Company Balance Sheet at December 31, 1996 Statement of Accounting Policies December 31, 1996 Notes to the Consolidated Financial Statements December 31, 1996