Abstract
The Combined Accounts consist of the combination of the accounts of the EPLC Group and of ESA and its subsidiaries as set out in the table below.( Eurotunnel PLC, Eurotunnel SA and their subsidiaries collectively make up the Eurotunnel Group ) These Combined Accounts have been prepared on the going concern basis, under the historical cost convention and in accordance with French Generally Accepted Accounting Principles ("GAAP") and the accounting policies described below. The Combined Accounts constitute the ESA Group Consolidated Accounts according to French law.
