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Balance at 1 January 2002              
—   as previously reported   654,589 376,752 — 4,821 (136,887) 899,275
—   effect of adopting SAS 12   — — — — (13,798) (13,798)
—   as restated   654,589 376,752 — 4,821 (150,685) 885,477
               
Currency translation
    differences		   — — — 696 — 696
Net gains not recognised
    in income statement		   — — — 696 — 696
Net loss for the year   — — — — (330,156) (330,156)
Total gains/(losses) recognised
    for the financial year		   — — — 696 (330,156) (329,460)
Issue of new ordinary shares 37 34 2 — — — 36
Balance at 31 December 2002   654,623 376,754 — 5,517 (480,841) 556,053
               
Balance at 1 January 2001              
—   as previously reported   654,536 376,740 3 2,589 (80,297) 953,571
—   effect of adopting SAS 12   — — — — (14,022) (14,022)
—   as restated   654,536 376,740 3 2,589 (94,319) 939,549
               
Currency translation
    differences		   — — — 2,232 — 2,232
Realisation of capital reserve   — — (3) — — (3)
Net (losses)/gains not recognised
    in income statement		   — — (3) 2,232 — 2,229
Net loss for the year restated
    for the effect of adopting
    SAS 12		   — — — — (56,366) (56,366)
Total (losses)/gains recognised
    for the financial year		   — — (3) 2,232 (56,366) (54,137)
Issue of new ordinary shares 37 53 12 — — — 65
Balance at 31 December 2001   654,589 376,752 — 4,821 (150,685) 885,477
               
   
   
 
COMPANY Note Share
Capital
US$'000		 Share
Premium US$'000		 Accumulated
Losses
US$'000		 Total
US$'000
 
Balance at 1 January 2002          
—   as previously reported   654,589 376,752 (541,099) 490,242
—   effect of adopting SAS 12   — — (12,162) (12,162)
—   as restated   654.589 376,752 (553,261) 478,080
Net loss for the year   — — (23,413) (23,413)
Issue of new ordinary shares 37 34 2 — 36
Balance at 31 December 2002   654,623 376,754 492,815 454,703
           
Balance at 1 January 2001          
—   as previously reported   654,536 376,740 (525,803) 505,473
—   effect of adopting SAS 12   — — (12,658) (12,658)
—   as restated   654,536 376,740 (538,461) 505,473
Net loss for the year restated for
     the effect of adopting SAS 12		   — — (14,800) (14,800)
Issue of new ordinary shares 37 53 12 — 65
Balance at 31 December 2001   654,589 376,752 (553,261) 478,080
           
   
   
 

The accompanying notes form an integral part of these financial statements.
Auditors' Report - Page 10
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