=+7. On 23 January 2006, GOLD made a one for three rights issue to existing ordinary shareholders. This involved the issue of 4,000,000 €1 ordinary shares for a consideration of €6,000,000. This is not reflected in the draft statement of comprehensive income for the year ended 31 December 2005 and draft statement of financial position as at that date shown above.

Present value factors:

Years 4% 10%

1 0.962 0.909 2. 0.925 0.826 3 0.889 0751 4 0.855 0.683 gt) 0.822 0.621 624 INTERNATIONAL FINANCIAL ACCOUNTING AND REPORTING Requirement