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This company sells a range of Chinese made smoke and carbon dioxide alarms in Europe, principally in France and in the UK. Profits would have been significantly higher had it not been for adverse exchange rate movements and a large warranty provision. Should the directors have anticipated these problems and taken more effective avoiding action?
As an increasing number of private investors are now inevitably being drawn to AIM companies in which to invest their savings, a team of UKSA’s members has begun to examine selected AIM companies’ annual reports, with the objective of exposing directors’ reporting practices to public scrutiny by publishing our findings.
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