Tetra Tech International Development Limited

The directors expect the Company to continue to operate for a period of no less than 12 months from the date of the signing of the director’s report. Therefore, they continue to adopt the going concern basis in preparing the financial statements. Financial risk management objectives and policies Details of financial risk management objectives and policies can be found in the Strategic Report on pages 1 to 5. Capital structure and treasury policy The company’s capital structure comprises retained earnings and intra group funding arrangements. Treasury policy is overseen by Group finance and seeks to ensure adequate liquidity for operational requirements while managing foreign exchange and interest rate exposures. The company benefits from its relationship with the Tetra Tech group with its strong financial position and it has the added comfort of a parent company guarantee.