PART IV Financial Information on the Company FINANCIAL INFORMATION RELATING TO WALCOM GROUP LIMITED The consolidated historical financial information for the Company for the three years ended 31 December 2005 is set out in Section A of Part IV of this document. The consolidated financial information in respect of the three years ended 31 December 2005 does not constitute statutory accounts for each of the years. The Company has not published consolidated statutory accounts for the three years ended 31 December 2005. The non-statutory accounts of the Company, for the three years ended 31 December 2005, have been audited by Chu and Chu Certified Public Accountants (the Company’s auditors) who have issued an unqualified audit report thereon. The Directors are required to prepare the financial information in a form consistent with that which will be adopted in the issuer’s next published annual financial statements having regard to the accounting standards and policies and legislation applicable to such annual financial statements. The financial information is required to give a true and fair view of the state of affairs of the Group for that period. In preparing that financial information, the Directors are required to: (a)
select suitable accounting policies and apply them consistently;
(b)
make judgements and estimates that are reasonable and prudent; and
(c)
prepare the financial information on the going concern basis unless it is inappropriate to presume that the Group will continue in business.
Section B of Part IV of this document sets out a report from Baker Tilly, the Reporting Accountants, required by Paragraph 20.1 of Annex I of the AIM Rules and is given for the purpose of complying with that paragraph and for no other purpose. The unaudited consolidated interim financial information for the Company for the six months ended 30 June 2006 is set out in Section C of Part IV of this document.
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