Statement of Directors’
Responsibilities
The following statement, which should be read in conjunction with
the Independent Auditors’ Report,
is made with a view to distinguishing for shareholders the respective
responsibilities of the directors and of the auditors in relation
to the Annual Report and Financial Statements.
The directors are responsible for preparing the Annual Report,
the Directors’ Remuneration Report and the Group and the Company
Financial Statements in accordance with applicable law and regulations.
Company law requires the directors to prepare Financial Statements
for each financial year. Under that law the directors have prepared
the Group Financial Statements in accordance with International
Financial Reporting Standards (“IFRSs”) as adopted by
the European Union, and the Company Financial Statements and the
Directors’ Remuneration Report in accordance with applicable
law and United Kingdom Accounting Standards (United Kingdom Generally
Accepted Accounting Practice). The Group and Company Financial Statements
are required by law to give a true and fair view of the state of
affairs of the Company and the Group and of the profit or loss of
the Group for that period.
In preparing those Financial Statements, the directors are required
to:
- select suitable accounting policies and then
apply them consistently;
- make judgements and estimates that are reasonable
and prudent;
- state that the Group Financial Statements
comply with IFRSs as adopted by the European Union and with regard
to the Company Financial Statements, that applicable United Kingdom
Accounting Standards have been followed, subject to any material
departures disclosed and explained in the Financial Statements;
- prepare the Group and Company Financial Statements on the going concern
basis unless it is inappropriate to presume that the Group will continue in
business, in which case there should be supporting assumptions or qualifications
as necessary.
The directors confirm that they have complied with the above requirements
in preparing the Financial Statements.
The directors are responsible for keeping proper accounting records
that disclose with reasonable accuracy at any time the financial
position of the Company and the Group and to enable them to ensure
that the Group Financial Statements comply with the Companies Act
1985 and Article 4 of the IAS Regulation, and the Company Financial
Statements and the Directors’ Remuneration Report comply with
the Companies Act 1985. They are also responsible for safeguarding
the assets of the Company and the Group and hence for taking reasonable
steps for the prevention and detection of fraud and other irregularities.
The Company has a website which contains information on Group activities
and published financial results. The directors are responsible for
the maintenance and integrity of this website.
Information published on the Internet is accessible in many countries
with different legal requirements. Legislation in the United Kingdom
governing the preparation and dissemination of Financial Statements
may differ from legislation in other jurisdictions.
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