1.   On consolidation, the assets and liabilities of overseas subsidiary and associated undertakings are translated at the completion rate of exchange.

2.   Parent company guarantees Joining an overseas subsidiary, for example, carries potential risks.

3.   Timing Employee selection should not be rushed merely because the overseas subsidiary demands a person in the vacant job straight away.

4.   Except for certain overseas subsidiaries subject to local requirements, the Group does not operate to a calendar month end accounting timetable.

5.   The results of overseas subsidiaries are translated into sterling at average rates for the year.

6.   Many large companies acquire overseas subsidiaries and others build up their overseas interests internally from retained earnings and local borrowings.

7.   Reasons for establishing overseas manufacturing subsidiaries differ from company to company, but the following factors are important.

8.   Before that, BTR was predominantly a U.K. company with some overseas subsidiaries.

9.   But news reports here say, and a Finance Ministry official conceded, that this figure does not include the debts held by overseas subsidiaries of Korean companies.