B.A.T. -7NT---FNAT:CUL F-rKA-VCE LTD. 171ROF-ITT AND :ZSS ACCOUNT FOR THM S_Tx MONTES 3-(DED MARCH 1978. 1978 1977 LOW two INCOME 12,898 17,261 INTEREST PAID Bark Loans - Long Term 1,554 1,773 Bank Loans - Short Term 1,374 1,723 Other Loans 4 Long Term ' 5 E42 6,006 Iuter-Company 3:519 12,089 6,850 16,352 809 909 Micchange Profit ot translation of foreign currency items 1,162 962 PROFIT BEFORE TAXATION 1,97-1 1,871 TAXATION U.K. Corporation Tax on Taxable Income at 52% 1,025 967 946 904. Foreign currency items hav6 been translated at rates of exchange ruling at the 31 March 1978. Director, B.A.T. INTERNATIONAL FINANCE LTD. B.A.T INDtismas P.I-C. - MINNEWTA DEPOSITORY COPY - PRWJCED PURSUmT To I VII.D. OF CoNsE?rr JuDamEw DATEo SAM INSTATE OF AfIAWSOTA, ETAL V. PHXP UORRA ETA CAsENo.C14M4W5