The Group has performed well during the year under review with expansion of our core business in Europe and the Far East.

We are also encouraged with the growth of our consumer credit business and pleased indeed with the new products being produced.

In all these activities, our enthusiastic and loyal staff have been the main contribution to our success. Innovation is the key to our business and, whilst there will always be setbacks, the projected growth will, we believe, enable us to increase our market share and give a higher return on our capital.